Hidden Forces The Collapse of LUNA & UST and the Vulnerability in Crypto | Nathaniel Whittemore
May 15, 2022
Nathaniel Whittemore, host of "The Breakdown," offers deep insights into the recent collapse of Terra Luna and its stablecoin UST, revealing the vulnerabilities in the crypto market. He discusses the broader implications for young investors navigating financial inequality and the urgent need for regulatory scrutiny. The conversation also touches on the evolution of crypto perspectives, the challenges faced by newcomers, and the dynamics behind stablecoins' rise and fall. Whittemore emphasizes the cultural factors driving investor behavior amidst this turbulent landscape.
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Path to Crypto
- Nathaniel Whittemore's interest in systems of power started in college, leading him to create a program design center for students wanting to make a difference abroad.
- He later worked with Change.org and transitioned to tech, eventually finding his niche in crypto due to its potential impact on wealth storage, particularly for refugees.
Crypto's Power Shift
- Crypto is shifting how people view investing, making it more accessible and less exclusive.
- Its decentralized nature introduces new geopolitical dimensions by creating wealth systems outside sovereign states, impacting international relations like sanctions.
Covering Crypto
- Crypto needs daily analysis.
- Focus on narrative shifts and how sentiment evolves around key crypto themes by following insightful people, even those with seemingly "insane" perspectives.