This Week in Startups China punishes Didi, Twitter’s new feature, UAE makes it rain + Do Kwon of Terraform Labs | E1251
Jul 22, 2021
Do Kwon, co-creator of the Terra decentralized stablecoin, joins to share fascinating insights into the rapidly evolving world of cryptocurrency. He discusses the unique concepts behind TerraUSD and the algorithmic LUNA token. The conversation dives into the regulatory challenges facing the crypto landscape, particularly in China, and contrasts decentralized finance with traditional systems. Kwon highlights the complexities of trust in cryptocurrencies and the importance of innovation amidst scrutiny, including a look at Tether's implications in the market.
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China's Endgame with IPO Crackdown
- China's crackdown on US IPOs might indicate a strategic disengagement from Western financial integration.
- This could be driven by data security concerns, a desire for greater control, or a push for domestic listings.
Twitter's Upvote/Downvote Experiment
- Twitter tests upvote/downvote buttons for relevance, not dislike.
- This feature prioritizes compelling replies in threads, improving conversation quality.
UAE's Rain-Making Drones
- The UAE is using cloud seeding technology with drones to combat extreme heat and water scarcity.
- This technology could have major implications for drought-stricken areas like California.