China punishes Didi, Twitter’s new feature, UAE makes it rain + Do Kwon of Terraform Labs | E1251

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 22 July 2021

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jason covers China's increasing penalties for Didi (2:52), Twitter's test of a downvote feature (12:13), and how the UAE was able to induce rain with electricity (17:32). Then Do Kwon, the founder of Terraform labs joins (22:38) to discuss his stable coin project TerraUSD (31:18), the underlying cryptocurrency LUNA, and shed light on Tether as crypto insider (59:56).

Transcript

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0:00.0	Okay, we've got a really unique interview and I've never heard of any company that is going
0:05.4	to do what today's company in the interview is going to do, which is they're going to
0:09.6	disband after they complete their mission.
0:12.0	Really crazy.
0:13.0	Doquant is the co-creator of Tara.
0:15.0	He's on the program today.
0:16.3	It's a stable coin that is not tagged to the dollar, but rather another cryptocurrency
0:20.8	called Luna.
0:22.2	And again, he's created a decentralized stable coin, unlike Tether.
0:28.0	And Jeremy O'Lare Circle, USDC, this one is not controlled by anybody or any central
0:33.9	authority, which makes it really fascinating.
0:36.3	And if they complete the project, then they disband the company, crazy, interesting.
0:41.5	This is a really interesting cat is he's based in Korea, I believe, and the company is
0:45.7	based in Singapore.
0:46.7	So are we going to get a little bit more of a global look at stable coins today?
0:50.9	Jeremy O'Lare is coming on the program.
0:52.9	The Tether folks are still in hiding the CEO and CFO are still MIA.
0:58.1	They're not doing any press and the CTO and the General Counsel are not coming on the
1:02.7	program.
1:03.7	It seems because I think they're scared of the questions I would ask them.
1:07.0	So before we get to that interview with Doquan, I want to talk about three really important
1:11.8	stories.
	...

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