Bankless Anthony Sassano & Eric Conner | Luna Demise, Bear Survival, Bullish ETH Merge
May 14, 2022
Join Anthony Sassano, a contributor to The Daily Gwei, and Eric Conner, known for his work with Into the Ether, as they dissect the shocking collapse of Luna and its lessons for investors. They tackle the emotional toll of market crashes and the urgent need for stability in crypto. With a bullish outlook on Ethereum's upcoming merge, they explore the potential for innovation despite bear market challenges. Their witty dynamics keep the conversation engaging while discussing the future of decentralized finance.
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Mental Exhaustion from Terra Luna Collapse
- Anthony Sassano felt mentally exhausted from the rapid Terra Luna collapse.
- The speed of the crash, similar to a "crypto 2008 moment," was the most mentally taxing aspect.
Terra Luna vs. Bitconnect
- Terra Luna's collapse mirrored Bitconnect's, both top 10 coins rapidly going to zero.
- The scale, however, differed drastically, with Terra's collapse impacting a much larger market.
Decentralization as Security
- Reframing decentralization as security becomes crucial after the Terra Luna collapse.
- People don't value decentralization until they experience its importance during a crisis.