Opinion


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UST Won't Be the End of Algorithmic Stablecoins

The trail for a monetary "Holy Grail" continues, despite Terra’s collapse. So what do we do about it?

(Annie Spratt/Unsplash, modified by CoinDesk)

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UST T será o fim dos Stablecoins algorítmicos

O caminho para um “Santo Graal” monetário continua, apesar do colapso da Terra. Então, o que fazemos a respeito?

(Annie Spratt/Unsplash, modified by CoinDesk)

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UST ne sera T la fin des stablecoins algorithmiques

La quête d’un « Saint Graal » monétaire continue, malgré l’effondrement de Terra. Alors, que faisons-nous à ce sujet?

(Annie Spratt/Unsplash, modified by CoinDesk)

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UST T sarà la fine delle stablecoin algoritmiche

La ricerca di un “Santo Graal” monetario continua, nonostante il collasso della Terra. Quindi cosa facciamo a riguardo?

(Annie Spratt/Unsplash, modified by CoinDesk)

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UST no será el fin de las monedas estables algorítmicas

El camino hacia un "Santo Grial" monetario continúa, a pesar del colapso de Terra. ¿Entonces qué hacemos al respecto?

(Annie Spratt/Unsplash, modified by CoinDesk)

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UST T стане кінцем алгоритмічних стейблкойнів

Слід за грошовим «Святим Граалем» триває, незважаючи на крах Terra. Отже, що ми з цим робимо?

(Annie Spratt/Unsplash, modified by CoinDesk)

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Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong

In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.

Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)

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La misión de Satoshi, LUNA, UST y dónde las Cripto salieron mal

En 2009, Satoshi Nakamoto codificó una declaración de misión para la industria en el primer bloque de Bitcoin. Esencialmente, las Cripto primero no deberían causar daño.

Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)

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The Human Cost of Lunatic Hubris

Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)

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O custo Human da arrogância lunática

Do Kwon, da Terraform Labs, e seus colaboradores venderam uma aposta ruim para milhares de pessoas comuns. Estamos começando a ver quão imenso foi o dano.

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)

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