Are There Any Other Projects Like Cind of the Mechanism?

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Theo: "There's tons of garbage projects. I think in crypto, i meann't with every cycle, at least, like 95 % of projects or garbage" Theo says he has to burn some bridges because this one had gone too big and affected all our livelihoods. He thinks people should be vocal about it but not centrally control the system.

Last week, $60B in value was wiped from crypto in a few days.

Not many saw the collapse of Luna coming - even fewer had the guts to bet on it.

Since the start of the year, Galois Capital has been openly calling out for the impending fall of Luna and endured the barrage of hate comments until 8th May 2022 - the day that Luna started death spiraling. Kevin Zhou from Galois Capital shares with us:

Why he was convinced LUNA would implode
How he timed his short trade
The 4 high conviction trades Galois has taken
How Terra Luna can recover - and why its current plan doesn't work

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:02:20) – Kevin's Thoughts After Luna's Crash

(00:03:53) – Why Did Kevin Think Luna Would Collapse One Day

(00:08:23) – Feasibility of Algorithmic Stable-Coins

(00:16:44) – Shorting Luna or UST

(00:23:06) – Pulling The Trigger On The Short

(00:26:47) – Conviction On Bearish Luna Thesis and Past Plays

(00:34:10) – Black Swan Event or Long Time Coming

(00:40:47) – Thoughts on Terraform Lab's Proposals

(00:54:47) – Replacing Do Kwon To Save Luna

(00:56:31) – Projects That Could Also Death Spiral

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----------- More Resources ---------

Guest

Galois Capital's Twitter: https://twitter.com/Galois_Capital

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast is an educational podcast and newsletter for informational purposes only. The host invest in cryptoassets actively and may hold assets discussed in the newsletter or podcast. All content contained within this podcast is intended for educational purposes only and should not be construed as any form of financial advice. The Blockcrunch Podcast, its associates and affiliates are not liable for any decisions third parties choose to make.