Tokenomics #9 The Collapse of the Terra Ecosystem Explained
Deconstructor of Fun
00:00
Cryptocurrency
The collapse of bitcoin was similar to a bank run, where customers lose faith that the bank is going to remain solvent. And then everybody kind of speeds up to to withdraw their asses from bank at the same time,. which then eventually caused the collapse. People are not used to thinking about money, or even stocks, in this way. If anything, it's so early and experimental like this, this o stuff keeps happening, and it'll happen for a long time.
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