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4min chapter
The Collapse of LUNA & UST and the Vulnerability in Crypto | Nathaniel Whittemore
Hidden Forces
The Importance of Institutional Validation in Cryptocurrency
Li: institutional validation was so important at that time because the industry itself was still, like, if you told someone t i was invested in crypto, you were going to get made fun of in a lot of circles. Li: The most positive thing about algarithmic stable coins is there are plenty of people who have been interested in them overtime and for this idea of disintermediation. But it would be completely reasonable for us as a society to decide that tether being, you know, kind of on the frontier, but still working with black lasss, is a fine play.
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