The Chopping Block: Why ‘One Man’s Bug Is Another Man’s Bounty’ - Ep.338
Unchained
00:00
Navigating the Turbulent Waters of USDN and Algorithmic Stablecoins
This chapter explores the instability of the USDN stablecoin on the Waves blockchain and the controversies involving Alameda Research. It examines the mechanics of Neutrino and presents a critical analysis of the mindset behind algorithmic stablecoins, weaving in discussions on historical failures and the political implications of the cryptocurrency market. Additionally, the chapter highlights the evolving landscape of stablecoins, including the emergence of Bitcoin-backed stablecoins and the intersection of cryptocurrency with social media.
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Transcript
