Do Kwon: The Rise And Fall of Luna & UST

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Extras (DM me your name on Discord)
Albert Yang
Music by Joy Ngiaw
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*Cast*
James Tang ( / jamesthetang )
Steven Ho @steveioe
Que Brandon
John Zeng
David Ma
Director of Photography John Zeng
1st AC Brielle Steel
Director Joma
1st AD Wendy Wang
Gaffer Jeremy Liguori
Key Grip Mathias Linder-Madsen
Sound Mixer Cullen Herron || Vanessa Cheng
HMUA Olya Tizer
Production Designer Leah Water-Katz
Set Dresser Sam Crainich
Production Coordinator Joey Cheng
Please email me at [e-mail] if I'm missing any credits.
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[@jomakaze]

This video is quite niche, but I wrote a doc and also timestamps to help you understand the references. Here is the doc about Do Kwon: docs.google.com/document/d/12XWx_7wCi0KdELDWrVL7ZMRPtlJ-y9hPgGesK0zx9Lw/edit?usp=sharing 0:09 Do Kwon actually name his daughter after his token Luna. twitter.com/stablekwon/status/1515501798442008577 0:23 Do Kwon said this to someone called Algod on Twitter, meaning that he isn't loaded enough to make big shorts twitter.com/stablekwon/status/1501551050490146816 0:47 Another Do Kwon tweet twitter.com/stablekwon/status/1410491186196795398?lang=en 1:09 Pictures represent his preference to UST to Luna, it'll be important later on in the video 1:12 Foreshadowing that UST will be depegged 1:52 Do Kwon hates DAI from MakerDAO, another algorithmic stablecoin. 2:46 I drew that, it's cute right? 3:09 Do Kwon tried to buy out 10B worth of bitcoin for reserves to defend UST, trying to make it a standard cointelegraph.com/news/we-re-already-buying-terra-founder-plans-to-obtain-10b-btc-for-reserves 3:17 A strategy to beat DAI, was to make another pool of stablecoins (on Curve) that included UST. A random article I found can explain it better probably medium.com/@crypto8fi/4pool-enters-the-curve-wars-e10c73a637dd 3:40 Reference tweet twitter.com/stablekwon/status/1506494471873081352 4:24 Do Kwon tells people they're poor all the time, if you haven't noticed. 4:34 UST chant that he did once: kzbin.info/www/bejne/nouqnYedqbmrqsU 5:23 So that's using the Bitcoin reserve that I was talking about, to defend UST 5:28 Selling all that Bitcoin to defend UST can cause a lot of sell pressure on the Bitcoin price, which can tank the crypto ecosystem as a whole 6:59 The only way Terra Luna will survive, is to give up on UST, no more stablecoin. That's the only way Terra as a blockchain can survive. 7:32 I have no idea if he played Starcraft, but he is Korean so. 8:45 This is the whole speech Do Kwon gave on twitter. twitter.com/stablekwon/status/1526258273820651520 8:51 What happened after the crash, Do Kwon tried to fix it by remaking a new chain called Terra 2.0 with the coin Luna 2.0. Hence the sacrifice, no more UST... 10:46 He actually made a stablecoin that failed called BasisCash, and yet he did one again with UST. It's not a stretch to think that he might try again, hence UST 2.0

[@imaadf2956]

.

[@Kasper_Youkai]

Do You have a 3AC in the works? You produce Great content! 🦊👍🏽

[@dragoninfinitypossibilitie2202]

thats a good one

[@user-fo8rk7sj6s]

형은 정말 천재 같아요 stable part 너무 공감됬어요

[@Ludinjapan]

StarCraft = 🇰🇷😭🤣

[@rpstardustx8360]

This guy is the king of tech humor.

[@yuen3660]

And tech lead is king of tech clown ?

[@flawnski]

I love it

[@juliocryv]

Fuck yeah 😎

[@stevenmartin6271]

Nailed the details

[@voljume]

So true

[@lovensonbeaucicot2247]

This guy started out as a simple tech youtuber. But, now we can all agree that he's gone over all expectations including his and ours.

[@entrepreneurmindset1071]

True

[@juliocryv]

True x3

[@devanshgarg31]

TRUE!

[@Bingo-ij1pt]

THIS ☝️

[@WellBattle6]

And he only had to sell computer generated art to get the budget to make this.

[@dincaadrian7755]

imagine having a full movie with this kind of acting...keep up the good work!

[@timsagichnicht]

It is like that. All the last videos are like a series.

[@someghosts]

When the parody is so well made that you actually start watching it like a serious drama

[@sunitsingh8649]

The production quality is off the charts on this one!!!🔥

[@snoopycodm]

Having Morgan Freeman voice is crazy

[@shubhkarmansingh4385]

Yoooooooo

[@JAdam301]

OMG love it! Camerawork, sound effects, pace, voice over.. acting!

[@ericm1373]

Ok, I understood virtually nothing about this, but the childhood trauma montage was gold ( and the horse stable joke was the icing on the cake lol)

[@tejasn3835]

I have one doubt tho, how does his father in the flashback 7:40 have a newly released notched macbook 😜

[@JeloOW]

@@tejasn3835 in the jomaverse it came out earlier

[@HAZELoft]

💯

[@hanafi9915]

The horse stable got me laugh hard.

[@treehugger3615]

Crypto bros. Either you are in the scam or be scammed.

[@champagne.future5248]

I like how this has the production quality of a Hollywood movie but he still just taped “StarCraft” to a monitor

[@allinaweek9479]

"I know exactly what pulling out looks like " 🤣🤣🤣🤣 *This had me rolling*

[@StevenHe]

The Patek in the freezer.

[@limacom]

This is funnier than 99% of Netflix comedies

[@dasayan05]

7:37 "best stable for horses" DED.

[@adewunmijoseph2070]

I literally had to rush over to watch immediately I received the notification 😂😂. Joma didn't dissappoint

[@strmmen2359]

As a lunatic this hurts a little to watch, but I can't deny the amazing production quality. This is amazing

[@jayk127]

As a lunatic being a lunatic hurts convert

[@eZU4nQsWN9pAGsU38aHj]

Why would you admit being a dumbass?

[@aytunch]

didyou invest in Luna2?

[@stephenbayhon6109]

As a fellow lunatic, it does. Took me quite some time to get over the loss. Unlike the video of SBF, this video does portray Do failing, but not necessarily scamming people.

[@dereksbooks]

@@stephenbayhon6109 you people deserved to be conned. If you haven't already, be sure to sell everything that you have, including your organs to buy Luna 2.0 😅🤣😆

[@JAdam301]

I am just holding my breathe watching this. You continue to impress us. The camerawork, the angles, the sound effects, the pace, the voice-over, the acting. It has Anime influences, The Big Short, Margin Call.. I am just.. blown away again.

[@alexawesome456]

Joma, you gotta make a part 2 on this now haha. The cliff hanger just says it all 😂

[@LachFlex]

I think you mean Do Kwon has to make a part 2 first 😂

[@alexawesome456]

@@LachFlex you right 😂 haha

[@marucat2797]

Best thing on KZbin! Congrats on your success man and I’ll be supporting all the way

[@agentbey]

How did I miss this channel? This is absolutely genius. Kudos to the whole team. Might be binging on your content today.

[@alberthbyang]

yayyyy I made it in your movie 🤩 well done Joma! Amazing as always!

[@lygiahuy8944]

The beginning, the attractive, the plot twist, the ending wow every thing goes up perfect

[@scrappycoco3641]

Production quality off the roof!!

[@jacksuwanpradit6992]

I like the stable jobs part, as it's the opposite of what dad intended lol

[@outcastongfuel1398]

wow the quality of this video is actually amazing! the cinematography, effects, and sound quality. This feels just like watching a movie!

[@SonusVolvebatur]

high level production, super detailed, a piece of art

[@jimmyphan4619]

your video production is on another level, I applaud you for your dedication

[@dc2maniac]

The end UST 2.0 got me so bad, hahaha 🤣

[@forthehomies7043]

The quality we deserve. Glad to be subbed

[@humanandnotmore929]

Joma rarely posts video, but when he does he makes it fascinating

[@Testikillz]

Oh man this video is amazing. It’s exactly how I envisioned Do Kwon doing this

[@mmartel]

So well done! Great script and acting. 👍👏

[@dunahee]

Love the improved video quality, keep it up joma

[@liftedup299]

Whoaaa Joma went crazy on this one. Amazing job!

[@awarepenguin3376]

that family drawing at 2:45 is superb.

[@mevanscodes]

The Research economist having an NFT profile pic has to be the funniest thing in this video 😂

[@ipod1996]

Amazing! Great acting and cinematography!

[@rexst3ve]

Yo... What on earth is this quality of production for? You nailed it!

[@humonguschunggus-5304]

Joma's gonna direct a wolf of wallstreet type of movie but about tech, I legit wanna see that lmao

[@tuoms]

A movie about the 2000 tech bubble!

[@ithahu4988]

I love these documentary style videos you've been making

[@ItsJeffbeloved]

Loved it bro, you hold it down for us

[@hanwinaung226]

Awesome! Production quality is amazing

[@entertainme202]

Deserves to be on every streaming service out there. This was a banger joma

[@GamingFreaks]

One word: Masterpiece!!! ✌✌

[@nuevofilipo3551]

This quality is absolutely insane and with this music, the drama is real

[@DimepriceMoto]

Oh man, that was awesome content and perfectly videography! Thumbs up

[@mik0son]

We need a Netflix series of this.

[@cleanfrank]

This is pretty amazing. Probably your best work.

[@jamess3159]

Can't believe how funny you are man. 100% match to my humor taste..please keep making these videos

[@yurikostin6172]

Joma, your short videos are amazing! Great job! 👍

[@hansmuster5291]

LOL that screen overlay, well done @ 6:47

[@steven_mkn]

You're a writer, director, editor and actor? Darn 🔥🔥 this is too good

[@jasonloseefu]

He is also a programmer.

[@Noir_SD]

This is fricking awesome... Very good job joma. 😍😍😍

[@zazagamingzonealb7961]

Thanks Joma for your amazing NFT’s I love Vaxxes Doggoss ❤️

[@stevekiarie2001]

Been a while since you posted new content. Keep up the great work.

[@ZDY66666]

LMAO THE FLASHBACK TO HIS PERFECTLY LOVING FATHER AND HE JUST GOES "I forgive you appa" AS IF DAD DONE HIM DIRTY 😂😂

[@sudiptoray9999]

Brooo this is the most well made and awesome skit video I have ever watched till now..... You are great....

[@kevincarapanta3071]

Still gives me shivers. I lost so much money. They should make this a movie

[@techguyalif1642]

Goodness me, can't believe this film quality video is free to watch

[@easonchang331]

Oh my I am actually super impressed about the video quality these days

[@KiRita22]

This is amazing, I hope it gets to more people!

[@harel2021]

This is some next level shit! Amazing work man!

[@ELLIOTCHOY]

next level 👍🏼👍🏼

[@alejandroresendez1388]

That guy is the nurse that tells stories from ER hahah. Joma, I think your plan of studing computer science so you could be a software engineer, and land a job at Google to learn how KZbin actually works, and then become a youtuber, in order to become a writer/actor, is going quite well.

[@dessag.5492]

Super laughtrip and super love you, Joma! 🥰😘

[@rrickymaa]

love the new vids man keep it up

[@liiveinternationalinitiati5004]

Probably the best youtube video ever created. Please please please please please make movies. Thank you for giving humans something so enjoyable to watch.

[@tomonarifeehan]

lmao, the desktop backgrounds crack me up. The Tornado Cash in the background 😂 9:09

[@rentristandelacruz]

Stable coin developers: "Yes, I love pegging. How did you know?"

[@alexandersorokin2207]

Best thing I’ve seen on KZbin in quite a while!

[@jacobc1559]

I loved every second !!!!!!! 🔥🔥🔥🔥

[@yo_hannes_xd9872]

Normally i don't write comments under videos, but i simply have to under this one - just for the algorithm. Keep up the great work!! Greetings from Germany!

[@ValCronin]

This is literally A-movie grade acting. By everyone! Impressive as hell. You've got a new subscriber and I hope to see more content like this from you.

[@mkhasson97]

We missed your awesome videos ❤️

[@marcus_leon]

From being a youtuber to an amazing film maker. Keep it up sir. Great work.

[@abenezerteshome520]

You literally have the ability to depict global issue in easy drama i like that and i am down 98% from january 2021

[@Asphyxant]

OMG this was a great movie! Had many unexpected laughs throughout thank you

[@realitycheckers8898]

Next level acting 🔥

[@landcruiser77]

This should be a Netflix series😂😂😂😂for real

[@kiromoso]

This is amazing and really relateable for me 🤣

[@mugambo5505]

amazing short film man, you're taking your vedios to next level🚀🚀🚀🚀🚀🚀🚀

[@jarihilgersom2036]

The quality is great, super cool!

[@_SanjayBiswas]

- You see my team? This is my head of research. Look at him! He has a cryptopunk as his profile, So don't talk to me about economics. 😂😂😂😂

[@anonname7610]

Literally died during that The Big Short scene

[@MattYang]

Joma’s acting has gotten so good

[@Eswar.]

As always joma nailed it Top notch video after "startup ceo"

[@mlemonymous]

Dayum the directing and acting are top level 🔥🔥

[@haqgeneral]

Do Kwon :This is my head of research, Look at him. He has cryptopunk as his profile. Ted Jiang : [to camera] Actually, I'm not the head of research but Do Kwon always say that because he thinks it makes me seem more authentic and smart. And actually I have my LinkedIn picture as my profile.

[@jinhoo7896]

Haha this needs more likes. Do people not know this reference?

[@AdityaKumar-cj2ms]

daemn I see what you did there

[@rushilraja8497]

Brilliant video. Love every minute. But joma pleaseeeee, when will the blindr arc continue

[@gurusaham]

you're crazy joma, your videos are awesome

[@darkronier5565]

Best tech content creator on KZbin. I love these videos

[@drsaguayo]

So from what I understood, I have to buy LUNA 2.0. Thank you Joma for being my financial advisor.

[@kalshi_markets]

3:48 that big short reference was hilarious 😅😅

[@JeiShian]

the intro itself got me laughing. Excellllleeeeent work!

[@DavidLee-nx9vc]

Can we please send this video to Do Kwon! What a Masterpiece

[@vitokonte]

That 8:27 "I forgive you, Papa" is such a good comeback from Stranger Things and the 11 hahaha well done.

[@jnprz9799]

Thanks for the spoiler mdfkr

[@vitokonte]

@@jnprz9799 you're too slow :D

[@Jay-wx9pd]

These aren’t just amazing videos… they’re prophecies. 😂

[@m1nkeh]

production values has certainly increased a bit on this channel! Nice!

[@chriscsld7278]

fuck, I love what you make, the content is absolutely phenomenal.

[@shin5302]

what a story :') I feel like I'm watching a successful man's life store.

[@azatecas]

joma is hustling I love it

[@ThePhilosoft]

Great video 👍 p.s. Part with a father could have been LEGENDARY with Steven He. He was born for that part

[@rrmik3_]

love the effort Joma!