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It wasn’t so obvious for some people… https://www.hbs.edu/faculty/Pages/profile.aspx?facId=697248 https://www.hbs.edu/faculty/Pages/profile.aspx?facId=697248

by kgwgk 4y ago

It wasn’t so obvious for some people… https://www.hbs.edu/faculty/Pages/profile.aspx?facId=697248 https://www.hbs.edu/faculty/Pages/profile.aspx?facId=697248 https://medium.com/terra-money/have-you-met-marco-216ca2a8b944 https://medium.com/terra-money/have-you-met-marco-216ca2a8b9... https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf https://assets.website-files.com/611153e7af981472d8da199c/61... https://cdck-file-uploads-global.s3.dualstack.us-west-2.amazonaws.com/terra/original/1X/3c90dafa541dc05c51618de36060407d3b986b7b.pdf https://cdck-file-uploads-global.s3.dualstack.us-west-2.amaz... Why did you decide to join Terra? I thought Terra provided the perfect environment to apply what I learned in my research. Ensuring the stability of a digital currency closely resembled the issues faced by central banks in deciding monetary policy measures, while the lessons learned in studying trading in the equity and bond markets are crucial in guarding against potential manipulation by malicious market participants. What do you think are Terra’s strengths compared to other blockchain projects or potential competitors? There are several, but I will mention just three. First, there is no improvisation. In fact, our strong research team stays grounded and informed by the latest research in economics and finance, devoting a lot of attention in making sure that Terra’s ecosystem remains stable. Second, top eCommerce companies in Asia are pushing for Terra’s adoption, ensuring that Terra will be widely used from the start. Finally, the team is composed by a diverse and uniquely qualified set of people that are excited to collaborate in solving one of the most exciting challenges of our time.

IMTDb 4y ago
Those 3 reasons can be summarised as : "We are a bunch of excited 20yo who think they know better than everyone else and we have received pinky swear promises from shady asian websites, so we are definitely going to be rich, trust us ! xoxo"
- kgwgk 4y ago
  That guy is at least 35 but he surely compensates the old age with lots of enthusiasm. After all, you don’t get a chair of royal garments innovation by pointing out that the king is naked.
  - webmaven 4y ago
    Just so you know, referring to 35 as "old age" isn't cool. At all. Sincerely, an old fart who hasn't seen 35 in the rearview mirror for a while now.
    - kgwgk 4y ago
      I was replying to a comment about “a bunch of excited 20y”. For what it’s worth, I was also 35 once.
      - webmaven 4y ago
        Duly noted. Hopefully you're not referring to a past life.
        kgwgk 4y ago
        Definitely 35 are no longer in my future!
shkkmo 4y ago
Nothing in there indicates that he thought Terra would stay stable. Indeed, you can even read it has him wanting him to be involved becuase he found the lack of stability an interesting problem to try and solve.
- kgwgk 4y ago
  “We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mining incentives.” “Terra achieves price stability by creating stable incentives for mining (PoS consensus) via highly predictable rewards. We propose a framework to evaluate the stability of Terra’s peg under stress. […] Our findings, based on 1 million years’ worth of simulation data, indicate that Terra’s peg is highly robust under both forms of stress.”
  - cuteboy19 4y ago
    Growth driven is a nice euphemism for ponzi scheme.

by kgwgk 4y ago

IMTDb 4y ago

Those 3 reasons can be summarised as : "We are a bunch of excited 20yo who think they know better than everyone else and we have received pinky swear promises from shady asian websites, so we are definitely going to be rich, trust us ! xoxo"

kgwgk 4y ago
That guy is at least 35 but he surely compensates the old age with lots of enthusiasm. After all, you don’t get a chair of royal garments innovation by pointing out that the king is naked.
- webmaven 4y ago
  Just so you know, referring to 35 as "old age" isn't cool. At all. Sincerely, an old fart who hasn't seen 35 in the rearview mirror for a while now.
  - kgwgk 4y ago
    I was replying to a comment about “a bunch of excited 20y”. For what it’s worth, I was also 35 once.
    - webmaven 4y ago
      Duly noted. Hopefully you're not referring to a past life.
      - kgwgk 4y ago
        Definitely 35 are no longer in my future!

shkkmo 4y ago

Nothing in there indicates that he thought Terra would stay stable. Indeed, you can even read it has him wanting him to be involved becuase he found the lack of stability an interesting problem to try and solve.

kgwgk 4y ago
“We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mining incentives.” “Terra achieves price stability by creating stable incentives for mining (PoS consensus) via highly predictable rewards. We propose a framework to evaluate the stability of Terra’s peg under stress. […] Our findings, based on 1 million years’ worth of simulation data, indicate that Terra’s peg is highly robust under both forms of stress.”
- cuteboy19 4y ago
  Growth driven is a nice euphemism for ponzi scheme.