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15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

FromScam Economy


15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

FromScam Economy

ratings:
Length:
55 minutes
Released:
May 12, 2022
Format:
Podcast episode

Description

EMERGENCY POD! The crypto market is in a free fall. What is happening?! Bennett Tomlin of Crypto Critics' Corner joins Scam Economy with Matt Binder to break down what stablecoin Terra (UST) is, why it lost its peg and what that means, how its sister coin Luna factors in to all this, and how this all led to one of the biggest crashes across the entire cryptocurrency market – one that has Bitcoin at its lowest value in nearly a year and a half. Bennett and Matt also discuss the coins' parent company, Terraform and its eclectic founder Do Kwon, what an "algorithmic stablecoin" is, and how the whole thing is a ponzi. If that wasn't enough, the two also take a look at some of the conspiracies such as Blackrock and Citadel "attacking" Terra and how a Major League Baseball team was sharing Terra marketing videos as the whole thing came tumbling down. Support the show: http://www.patreon.com/mattbinder
Released:
May 12, 2022
Format:
Podcast episode

Titles in the series (65)

Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.