Luna and Terra are Crashing! Now What? (Recorded Live) - Episode 72

[@anastasiaavery115]

I was also made aware of your podcast from watching coffeezilla. I've been watching your back catalogue too. You have some very well thought out and well explained content. Thank you. If the BTC price continues to fall the next casualty will be Microstratergy.....

[@Caddrel]

Their back catalogue is excellent, I finished listening to it all last month and there hasn't been a bad episode

[@CryptoCriticPod]

Thank you!

[@nowherenever1169]

Bennett and Cas are legends and their timing was spectacular. As a long time fan its great to see you'll finally get the mainstream recognition you deserve.

[@tradito]

tether looks decent to me.

[@leashau7817]

@@tradito the depeg was around tethers pure Dollar backing so very easy to fix but nobody knows, what a big depeg over minutes would cause. We only know, that Tether does not want US to know how the biggest back position is spreaded. I can see the point of not showing what can harm your position - but the other side is that it is very scetchy or not existant.

[@nowherenever1169]

@@leashau7817 I legit think they have the financial instruments they claim. Concern would be how fast they can liquidate in case bitcoin drops FAST for some catastrophic reason i.e. satoshi wallet moving or cybersecurity threat on the network

[@leashau7817]

@@nowherenever1169 Well, sadly nobody knows becaue they dont even tell us what the claim is . They hired a firm to validate them, but terminated the contract because " They asked to many Papers ...." Papers when you have them legit , you should have no trouble to show ! .... sounds pretty fucking BAD. And when you make the connection that the WHOLE market depends on Thethers rise and them never beeing able to stabelize .... When it smells like a Ponzi/MLM it most likely is -.-

[@leashau7817]

I dont care about any crypto at all i never checked --- but now as i have checked the Data ... Tether has NOT A SINGLE DAY on 1$ EVER!!! So my first argument for this one big depeg was false . They have no money at all to make Tether peg at 1$ .... and they even do not hide it at all. Its just crypto"bros" ignore it (very dangerous!) or (more likely) never check on it out of ignorance(very very reckless). When you can not Peg your stable coin to the Dollar --> you sadly absolutly dont have the backing you claim.

[@tony58300]

"it's still over a dollar..." jeeeesus that aged horribly and it's been like 13 hours great podcast btw

[@MitchellSiburg]

Found this pod from coffeezilla, you both are great, thank you for the great info.

[@Caddrel]

Thank you for breaking these things down, I wish more people had listened to you and taken their money out before the crash

[@mygoodness7246]

So... are we thinking pull out of Nexo, Celsius, Blockfi and into cold storage until this all blows over? I am getting worried.

[@TheRealJellyBomb]

Do you have any money left now? 🤔

[@xavdeman]

34:05 "Ok cool" - Lol, I actually wanted to hear more about that criminal illegal frontrunning Terra Labs was caught doing.

[@ashtagbeats]

They touch more on that in the previous episode! kzbin.info/www/bejne/jGKZhmeAa5qroa8

[@TheRealJellyBomb]

Yeah, throughout the episode the dude on the right was either not listening or didn't understand what was going on 😂 I was like, wait what, explain more. 😂

[@dfnope]

thank you for fixing the audio!

[@Jmattel19]

Keep up the great work! Your discussion is at a higher level than I can completely understand but I like that its challenging me to learn more (I had to look up 'rehypothecation'). You guys regularly reference your older episodes, you should consider putting links to the episodes you reference for quick access. Can't wait for your next video!

[@KK-pm7ud]

Looks like you two are finally getting the credit you deserve. Hopefully your sponsors will allow you to keep going. I think it was a good decision to actually video tape yourselves speaking. It increases the connection with your audience. Keep it going.

[@CryptoCriticPod]

We don’t have any sponsors!

[@KK-pm7ud]

@@CryptoCriticPod Oh. I think I misunderstood then. I thought I heard or read something in one of your videos or posts that if you didn't get anymore views that you'd have to stop or something. I must have misunderstood. Haha.

[@CryptoCriticPod]

Cas likes to make jokes

[@IRLVaporwave]

Bennett, you have a great voice. I find your talks pleasant to listen to. Also, great name. I think you'll go far as a voice! Your partner is also entertaining.

[@Trupak786]

You guys were RIGHT!!! Bravo 👏 thanks 🙏 and keep going because I’m watching all your videos 💯

[@raininseptember]

Dude on the left is fucking brilliant. Great podcast

[@CryptoCriticPod]

Thank you

[@MartinSparkes-BadDragon]

What gets me is how many fraud schemes exist in the crypto space, yet crypto is still touted as honest and legitimate. Maybe I am too cynical, but to me this lack of regulatory oversight voids any claim to legitimacy there could ever be,

[@TheRealJellyBomb]

There are non-fraud schemes in crypto? 🤔 News to me 😂

[@fomi4tiger]

What do you guys think about Tether market cap reducing at the moment?

[@kickinon]

Fix your mic volume please, first guy is about 150% louder than the second guy.

[@Savukala]

Thanks! Have you ever made an episode over a legit crypto project, and would you be willing to go into some specifics about what makes them sustainable?

[@TheRealJellyBomb]

Are there any? 🤔

[@warbongos9410]

lol anchor yield ultimate example of "over promise, under deliver" 😂

[@ItsShiggy]

What do you guys think of Do Kwan filing to dissolve the company's Korean entity just days before the collapse?

[@CryptoCriticPod]

Not important. They had already announced move to Singapore and had entity there

[@Baspastoorsify]

Can we Crowdfund Tomlin a new camera or a internetspeed upgrade?

[@themostar7426]

I love the cheeky grins at the start barely holding it in 😜

[@henrio79]

Thanks to you two, I’m now very informed on the debacle. Great content!

[@CryptoCriticPod]

Thank you!

[@tradito]

Hello. I like these, but i think volumes should be leveled. Tomlin is way too low am riding the volume up and down not to wake the neighbours.

[@CryptoCriticPod]

Most aren’t like this, this one was our first attempt to go live

[@tradito]

@@CryptoCriticPod Ok. I understand sometimes just there just no time to test if the sound is well balanced or not. You can always fix it in post if re-uploading the video. Either way, you got a new sub. Great channel. Crypto needs more content like this. I follow Tomlin on twitter for some time and i think he's great. Keep up the good work.

[@mqbq3651]

One episode and subbed. Good job guys

[@Nade12-z4f]

The camera and sound is much better. Great video 👍

[@taylorrooney9187]

USDT just hit 3% off peg. My heart rate is starting to increase...

[@Ashadow700]

4% now

[@ashtagbeats]

Can’t take my eyes off off the chart

[@CryptoCriticPod]

Gonna be another busy day for Cas and I isn’t it?

[@sez7831]

Could you guys do episode on DAI, it's also algorithmic stablecoin with market value of $6B+

[@CryptoCriticPod]

Dai is not an algorithmic stablecoin. It’s an over-collateralized CDP based model

[@sez7831]

@@CryptoCriticPod oh

[@CryptoCriticPod]

We’ve mentioned it in past episodes like those with Frances Coppola and Bennett has a bunch of writing about it on his blog bennettftomlin.com/ (search for Dai and they should come up)

[@J3envenuto]

Any thoughts on $hbar

[@johnkneeshaw8008]

I found this podcast just before the _event._ Now I'm a little disappointed I've caught up, but also was very much looking forward to this episode. You guys are great!

[@CryptoCriticPod]

You’ve listened to over 70 episodes in like two weeks??!!??

[@johnkneeshaw8008]

@@CryptoCriticPod I skipped a couple. I didn't feel any need to hear more about why money laundering should be legal after the initial argument, for example. But it was a binge. I was sick and playing Skyrim.

[@kirilkiril7436]

Shoutout coffeezilla for introducing me to you.

[@Nohandleentered]

I didn’t know Celsius was considered infamous. Since when?

[@CryptoCriticPod]

Cryptocurrency Lending is Too Good to Believe - Episode 26 kzbin.info/www/bejne/d5C2m5KQp9GsgtU

[@wc8135]

If it is too good to be true. You have to tread carefully.

[@hexedits369]

BitKwonneeeeeect!!!

[@jonnyy4088]

I think the whole lot's going to collapse within a week or two.

[@buriedpet]

Well, as of typing this, Tether is sitting at $0.98. It depegged.

[@fredericbillet3304]

Not looking it will get to $1 peg ever again!

[@toddschultz7477]

Luna connect, see ya at 0

[@gerryk12]

It's a 2.5 cents now. It done.

[@chatbass2468]

Here from Tastytrade interview, thanks for the discussion

[@hulkingmass]

Great stuff. Keep it up 🙌

[@y.iskndr8482]

I dont know keanu reeves into crypto

[@AmaurisPD]

Hey!! Saw you in Coffeezilla! Keep up the good work!

[@jaygreenakajackstax9345]

Hi Guys, thanks for all the great vids. Would it be possible to do avid on Defichain. It's founder is Julian Hosp. His passed is a bit sketchy but he sais he also was victim in the previous debacle of Lyoness. Also the dusd is also an Algorithmic stablecoin, next to the dfi as it's native token. The liquid mining returns are slowly decreasing but some are still up by 80% apr. I tried to tell my friends to be careful since the dusd has depeged and is at 0.92-0.9 over the last week, but no one believes me. Maybe it spikes your interest?

[@CryptoCriticPod]

If Hosp is involved it’s bad

[@emanuellandeholm5657]

Got here from coffee, enjoying my stay!

[@retroatx]

I've been aware of your content for some time but only just started watching it. I have to say, you guys are very well informed And knowledgeable. GREAT CONTENT!

[@bvumaassetinvestments4013]

We crown 👑 you'll the new prophets of doom💙📊🏁

[@carlos323131]

Great channel, also fuck crypto currency.

[@qwerty_artist]

Is there any chance someone can investigate Pandora Cash They claim to be 'super duper private and cool' but it just doesn't pass the sniff test yet

[@musto87]

Why do I have this feeling you've gone short on Luna? Because everytime you look ag the chart your laughing, with your knowledge it was the best decision, if you did though.

[@CryptoCriticPod]

Nah, we don’t trade crypto

[@kronalord3764]

@@CryptoCriticPod makes sense seems like a solid integrity decision and right now also a solid financial one

[@yogathan1]

Keep up the good work. I think as we move through each quarter with rising rates. I think the animalistic behavior of hedge funds is going to cause contagion in the crypto world. They are going to try to push capital into less risky assets by exposing fraudulent financial spaces to save themselves.

[@PPL-ol7ps]

I hope you look into Djed/Shen, Cardano's algorithmic stable coin created by COTI.

[@CryptoCriticPod]

Many of the problems of algo stables are problems suffered by all algo stables

[@PPL-ol7ps]

@@CryptoCriticPod Thank you for your response. You know IOHK, Charles Hoskinson and others in the Cardano community pride themselves in "being", scientific, academic, doing peer reviewed work. There is a Djed paper. It would be great to know if there is actually anything new there or not. I could read it and still not understand most of it. The more eyes, the better.

[@TheRealJellyBomb]

​​@@PPL-ol7psWho really cares? It's all gambling anyway.... Edit: except when it's straight up fraud 😂

[@shlakser]

Subscribed because of Coffeezilla 👍 and because you are cool 👍

[@xavdeman]

#terrafied

[@orelusigbenga5729]

i cant be the only one here for hw

[@CryptoCriticPod]

For homework?

[@JoeBidenFanclub99]

if micro strategy fails it will be hilarious.

[@Caddrel]

they are so exposed it's hard to believe

[@tiredfrog308]

Moistcr1tikal reacting to Coffeezilla bought be here. Super glad I found this podcast! I look forward to catching up.

[@benjaminaristotleboes3157]

Rick Sanchez huh????? 🤣🤣🤣

[@ModernHorrorGaming]

Came here after pumping zilla,

[@o236sama]

For the love of God speak into the mic !!!

[@tendosingh5682]

The remaining funds they have include selling off any btc should be put into a token pool and distributed/airdropped to all luna holders. That way we get back something and prevents wasting what little they have on a dead project.

[@CryptoCriticPod]

No. It should go to UST holders. Luna holders knew they were the dilution source for UST value

[@CryptoCriticPod]

And they were the ones making governance decisions and deciding the way the protocol should function

[@AeQuitaS28]

The smiles throughout this is weird...

[@Caddrel]

there's a certain absurdity to crypto that is hard not to laugh at. like promising 18% returns on a financial investment is just unsustainable, it's completely obvious and yet people reply "that's FUD, have fun staying poor"

[@AeQuitaS28]

@@Caddrel When thousands of retail investors have lost everything, including their lives, it's a weird time to "laugh at the absurdity".

[@TheRealJellyBomb]

​​@@AeQuitaS28If it's fun to laugh at idiots putting their life savings on red at the casino, it's funny to laugh when the little ball lands on black.

[@morrisj23]

Watching this with hindsight. I can appreciate how Brett kinda 95% felt like Luna was never going to re-peg and Cass moderated with a lil optimism and hope that the egregious moral hazard of a rapidly debasing stable hopefully wouldn’t happen 😂

[@ejbatu]

Came over from Coffeezilla channel. Subed and Listening 🎶 👂 🎧 while holding on to my $ and working remotely

[@Llancre]

I just discovered your channel through Coffeezilla. So informative. Thanks guys for the reflection points.