BREAKDOWN: Après Terra, le Déluge
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 May 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
The asset, LUNA, once trading over $119, falls to under $1.
This episode is sponsored by Nexo.io, NEAR and FTX US.
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.
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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.
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“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.
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Transcript
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| 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. |
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