Debunking DeFi (w/ Bennett Tomlin of Crypto Critics' Corner)
GRIFTONOMICS
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Is It a Marketing Expense for Cryptocurrency?
Yeel: There was a kind of acknowledgment among the knowledgeable parts of the community that the rate was unsustainable. The belief was that they would be able to pay it for long enough that terra, and that the terra system would become so important... Yeel: It certainly seems like there were many people who were not aware of the risks,. Who thought it was going to continue ... You're more likely to continue to deposit, and so that's good for them.
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