The Chopping Block: Does the New Terra Have Any Chance? - Ep. 358
Unchained
00:00
Exploring the Complexities of Financial Failures and Accountability
This chapter examines the downfall of Terra, drawing parallels to notorious failures like WeWork and Theranos. It explores themes of investor perception, the fine line between fraud and incompetence, and the impact of public perception on regulatory scrutiny in the financial sector.
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Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Since Robert Leshner couldn’t make it, Laura also decided to hop on the show too! Show topics:
- how Terra is trying to rebuild
- what its value proposition is
- why Laura is surprised at how fast Do Kwon began shitposting again
- how teams affected by the Terra collapse, like Delphi Digital and Mars Protocol, are responding
- how its implosion will affect Cosmos
- why Tarun thinks Osmosis’ purchase of Keplr was the “best” purchase in crypto history
- whether the collapse of UST could help Cosmos in the long run
- what the legal implications of UST’s depeg will be
- whether Terra was a fraud like Theranos
- why Tarun thinks that investors should be sued for getting clients involved in Terra
- why Tarun thinks regulators are against 24-hour trading
- why Tarun thinks Matt Levine is a “boomer”
- what FTX’s chances are in getting approval from the CFTC to be the engine for 24-hour derivatives trading
- why NFTs are denominated in ETH/SOL instead of fiat
- why Tom doesn’t think airdrops matter
- what went wrong with the OP token drop
Hosts
- Haseeb Qureshi, managing partner at Dragonfly Capital
- https://twitter.com/hosseeb
- Tom Schmidt, general partner at Dragonfly Capital
- https://twitter.com/tomhschmidt
- Tarun Chitra, managing partner at Robot Ventures
- https://twitter.com/tarunchitra
Guest
- Laura Shin, host of Unchained
- https://twitter.com/laurashin
Show Topics
- Terra revival plan
- https://www.protocol.com/bulletins/terra-blockchain-restart-approved
- LUNA 2.0
- https://fortune.com/2022/05/30/do-kwon-luna-2-airdrop-plunges/
- LUNA airdrop calculation issues:
- https://twitter.com/terra_money/status/1531410663674888192
- https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498
- Delphi Digital
- https://www.theblockcrypto.com/post/147755/delphi-digital-admits-we-were-wrong-on-terra-stablecoin-risks
- Luna Classic
- https://www.theblockcrypto.com/post/149361/mirror-protocol-suffers-new-exploit-and-could-be-drained-in-hours
- https://www.theblockcrypto.com/post/149342/a-90-million-defi-exploit-on-terra-went-unnoticed-for-seven-months
- Korean prosecutors are looking to crackdown on Terra
- https://www.theblockcrypto.com/post/149309/terraform-labs-employees-summoned-korea-prosecutors-ust-luna
- Adam Neumann crypto project
- https://www.vox.com/recode/23142106/adam-neumann-crypto-carbon-credit-offset-flowcarbon
- FTX and CFTC and CME
- https://twitter.com/aguye_/status/1529547230318718976
- https://www.theblockcrypto.com/linked/143792/as-it-weighs-ftx-proposal-cftc-announces-a-roundtable-on-disintermediation
- https://www.theblockcrypto.com/post/148786/cftc-roundtable-on-ftx-proposal-highlights-barriers-in-clearing-of-digital-vs-physical-assets
- Farmers vs FTX
- https://twitter.com/fintechfrank/status/1531605653269188608
- CME word salad
- https://twitter.com/fintechfrank/status/1524811596421382144
- Optimism Airdrop
- https://twitter.com/epolynya/status/1531719021833334784?s=21&t=MoImAkB4p8qwOV3p63sSnw
- https://dune.com/hildobby/op-airdrop
Unchained Coverage on Optimism
Unchained Coverage on Osmosis and Keplr
Unchained Coverage on FTX x CFTC
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