E27 Breaking down the Terra, UST, and LUNA meltdown, Big Tech loses $1T in market cap, The Circle

Book a Quantum Life Coaching Session, Guitar Lessons, Vocal Coaching, and English Language Conversation Sessions with Addy Snowden at https://calendly.com/additionpod 00:00 Welcome and intro
00:35 Like, subscribe, follow share:

Substack: https://AdditionPod.substack.com
TikTok: https://TikTok.com/@AdditionPod
Twitter: https://Twitter.com/AdditionPod/
Instagram: https://Instagram.com/additionwithaddy
YouTube: https://m.youtube.com/channel/UCbcmOwRfAHJB6zL_mTLc9j

01:32 Why Addy was glued to Twitter last night
01:54 Crypto markets
03:07 Stock markets
03:25 Addy’s thoughts on the market
Episode 25 on Addy’s investment principles: https://www.youtube.com/watch?v=EIGxCkQcioA

05:16 Addy unpacks the Terra, $LUNA, and UST breakdown
Ultimate explainer thread: https://threadreaderapp.com/thread/1523793482850050048.html
Coindesk article: https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/
Excellent explainer video: https://youtu.be/sgQaFQhbSPk (thanks Stephanie!)

05:26 What is the Terra ecosystem?
05:44 What is a stable coin
Addition episode 11 on stablecoins: https://youtu.be/Qmi3WvDbZ1s

05:58 How UST is supposed to work
06:26 What is $LUNA?
06:45 Addy’s first impression of $LUNA
The Milk Road Bull Case for $LUNA: https://www.milkroad.com/p/bull-bear-case-luna
Bankless Bull/Bear episode on $LUNA: https://youtu.be/6eOU5OaKd8s

08:08 The multi-million dollar wager on $LUNA
08:38 How LUNA and UST broke down
09:32 How Bitcoin was affected by the UST and $LUNA breakdown
10:04 Why people bought UST and $LUNA
10:45 Lessons from the UST and $LUNA breakdown
11:39 Addy calls out Shaan Puri from The Milk Road
11:53 Human impact of the UST and $LUNA breakdown
Bankless episode with Raoul Paul explaining what happened with UST: https://youtu.be/lYOG1aUzSt0

13:07 Big Tech loses $1 trillion in market capitalization
Article: https://www.cnbc.com/2022/05/09/tech-giants-lost-over-1-trillion-in-value-in-last-three-trading-days.html

14:17 Career topic
15:23 What Addy is geeked out about

Listen on your podcast player:
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Spotify: https://open.spotify.com/show/6b1uYwQdu15oziyYfJRymB?si=KooNHhmQRzyyxdQ8IoqD0A
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hZGRpdGlvbnBvZC5zdWJzdGFjay5jb20vZmVlZA

Видео E27 Breaking down the Terra, UST, and LUNA meltdown, Big Tech loses $1T in market cap, The Circle канала Addy Snowden | Live, Love & Music in Thailand