Après Terra, le Déluge

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 12 May 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. For those interested, here is the famous phrase referenced in the title: https://en.wikipedia.org/wiki/Apr%C3%A8s_moi,_le_d%C3%A9luge Today, NLW follows up Tuesday’s primer on the UST-LUNA story with a look at the dramatic events of this morning. UST’s peg has continued to fall, with LUNA following. At their lowest points, UST was trading at 27 cents and LUNA hit 83 cents. The podcast covers the community’s reaction to the Terra fall, and what’s likely to happen next. - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Bruce Rolff/Stocktrek Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Even if you disagree with the full maximalist stance, the idea that everything outside Bitcoin
0:04.9	is a valueless, hopeless scam, there is a moment in every cycle where Bitcoiners' unrepentant
0:11.1	skepticism is at least partially validated. Even if you remain interested in exploring other
0:16.8	projects and ideas outside of Bitcoin, taking that skepticism with you on that journey
0:21.8	can be extremely valuable. Welcome back to The Breakdown with me, NLW. It's a daily podcast on
0:31.4	macro, Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored by
0:36.7	nexo.io, near NF FtX, and produced and
0:40.1	distributed by CoinDesk. What's going on, guys? It is Wednesday, May 11th, and today, of course,
0:48.4	we are following up on yesterday's story about Meltdown Monday. The Luna UST saga continues. Before we get into that,
0:57.6	however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a
1:02.0	review, or if you want to dig deeper into the conversation, come join us on the Breakers Discord.
1:08.0	You can find a link in the show notes or go to bit.L.L.Y slash breakdown pod.
1:12.6	A disclosure as always. In addition to them being a sponsor of the show, I also work with FTX.
1:18.8	And finally, if you are not registered yet, I highly suggest you check out CoinDesk's Consensus 2020.
1:27.1	It's happening June 9th through June 12th in Austin, Texas
1:30.2	this year. And what makes this event cool is that it is really about the full breadth of this space.
1:36.6	Everything from Web 3 to Metaverse to Bitcoin and everything else in between. It's designed for
1:43.0	newbies, investors, entrepreneurs, developers, and everyone else as between. It's designed for newbies, investors, entrepreneurs, developers,
1:45.3	and everyone else as well. If you are interested in attending, you can use code breakdown to get
1:51.4	15% off your pass. Go to coin desk.com slash consensus 2022. And again, that's code breakdown for 15%
2:00.3	off. So today was supposed to be about the inflation print.
2:06.6	We've been tracking closely how the discussion around inflation is shaping attitudes around markets in general.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.