Welcome to Blockstream Talk today's conversation is with Dr. Adam Back, Blockstream Co-founder and CEO. It's been a wild couple of weeks in Bitcoin markets. This conversation goes over what's wrong with DeFi, how Tether is different from UST and what are the lessons we can learn from Luna? If you find this conversation useful don't forget to like comment and share.
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00:55 - What happened in the Terra ecosystem?
08:05 - Crypto market cap is a misleading metric
12:11 - UST failures effect on other stablecoins
23:40 - Incentives within the DeFi space
26:30 - Could the Luna situation have ended differently?
31:15 - Stablecoin velocity and resiliency
36:09 - Liquidity and backing within stablecoins
41:21 - Bitcoin stigma in banking
44:08 - Key lessons