The Bear Case for Terra Luna | Are The Concerns Valid?

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The question being asked right now is if the Luna UST price is going to be sustainable. If there would be run on UST it might break the peg. Watch Miles Deutscher today when he explains exactly what is going on with Luna and UST and what he believes is the right thing to do.

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Disclaimer:
Crypto Banter is a social podcast for entertainment purposes only.
All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.

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00:00 Intro
00:05 The Terra Luna Bear Case
00:18 Looking at the Negatives
00:33 UST Stability
00:58 11.7 Bn UST backed by Luna Orderbooks
01:20 Shorts or a Run Could Endanger the Peg
01:47 20% APY on Anchor Unsustainable
02:30 Lunatics Demand Increasing UST
03:08 Price Slow-Down
03:09 Missing Key Details
03:39 Positives Outweigh Negatives
03:49 Catalysts Across UST
04:15 Risk Reward
04:39 Taking Some Profits on LUNA

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The biggest benefit of cryptocurrency is its freedom. Its lack of a fixed monetary unit, which makes it much more flexible than fiat money, enables programmable transactions and back-office reconciliation. It’s also becoming a popular way for companies to pay important clients and vendors. In addition to these practical advantages, crypto is also a valuable balancing asset to cash, which can depreciate over time due to inflation. In this way, it can be used as a form of investment, making commerce much cheaper.

The main reason cryptocurrency is so popular is that it is a peer-to-peer electronic currency system. This means that the prices are devoid of any centralized authority. This means that they are fast and cheap to use, and they are immune to censorship or corruption. For example, PayPal has blocked sales of guns and ammunition, but Bitcoin is not censored by any government, meaning that any payment is safe and secure. As such, it’s a great choice for online transactions.

The underlying blockchain technology behind the most popular cryptocurrencies is the open source Ethereum platform. The platform allows developers to create smart contracts, which are essentially decentralized versions of financial products. In this way, these decentralized systems help make financial services accessible to people living in countries with little or no state infrastructure. Unlike conventional banking systems, cryptocurrency can be a viable option for developing nations where there is no state-backed infrastructure. Besides being secure, crypto offers several other advantages, including lower costs and more efficient transaction processes.

Unlike Bitcoin and Ethereum, cryptocurrencies can also be used for payment. This makes cryptos more accessible to people across the world. The most popular way to buy bitcoins is by purchasing them through a reputable exchange. A good way to buy them is by using a reputable exchange. If you can’t get enough money from a broker, you could consider buying them online. Some of them even offer low fees. This is why cryptos are gaining in popularity.

Another great thing about cryptocurrencies is that they are available on a wide variety of exchanges. The first major exchange in the world is Binance. Its platform has over 100 million users and offers competitive fees. Despite its reputation, its fee structure is one of the most favorable for beginners. It charges a 0.1% commission on digital assets supported by Binance. However, you must take care to find a trustworthy and secure exchange before buying a crypto.

When it comes to regulating crypto, there are several things you should know. The first is that it is difficult to control the amount of cryptocurrency that a company has. Its fees are also another problem. But a company can easily use a cryptocurrency to transfer money. In addition to this, cryptocurrency transactions are locked until they have settled. That means there’s no chance for double-spending, which is essential for an organization’s financial health.