Terra collapsed because it used hubris for collateral — Knifefight By Cointelegraph


Terra collapsed because it used hubris for collateral — Knifefight

The rise and fall of the blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now.

Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it imploded, what it means for the markets, and what you need to know to keep yourself safe from similar projects in the future.

What exactly is Terra?

Knifefight on Terras tragedy and the lessons learned.

What makes a stablecoin stable?

Terra experienced a crisis of confidence.

A brief history of catastrophic failure

We have a word for that already

If it looks like a Ponzi and it pays 20% interest…

Hubris as collateral

Slowly at first, then suddenly

Aftermath and opportunity

How to spot a Ponzi before it spots you

Continue Reading on Coin Telegraph



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Terra collapsed because it used hubris for collateral — Knifefight

The rise and fall of the blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now.

Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it imploded, what it means for the markets, and what you need to know to keep yourself safe from similar projects in the future.

What exactly is Terra?

Knifefight on Terras tragedy and the lessons learned.

What makes a stablecoin stable?

Terra experienced a crisis of confidence.

A brief history of catastrophic failure

We have a word for that already

If it looks like a Ponzi and it pays 20% interest…

Hubris as collateral

Slowly at first, then suddenly

Aftermath and opportunity

How to spot a Ponzi before it spots you

Continue Reading on Coin Telegraph

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