Anthony Sassano & Eric Conner | Luna Demise, Bear Survival, Bullish ETH Merge
Bankless
The Mirage of Stability: VCs and Algorithmic Failures
This chapter explores the influence of bots and civil attackers in financial markets, focusing on the role of venture capitalists in legitimizing flawed projects. It specifically critiques the collapse of algorithmic stablecoins like Luna, drawing parallels to historical economic failures and emphasizing the ongoing lessons the crypto space needs to learn.
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