Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408

Do Kwon of Terra: 'It Was Never Really About Money or Fame or Success' - Ep. 408
Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more.

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Show highlights:
🔹 whether Do finds the charges based on the Capital Markets Act legitimate
🔹 why he doesn’t want to discuss his location
🔹 whether the South Korean government is lying about the accusations against him
🔹 what happened with the BTC held by the Luna Foundation Guard
🔹 whether Do regrets being so arrogant in his tweets
🔹 what he would say to the people who lost huge amounts of money in Terra or family members of people who committed suicide due to its collapse
🔹 the decision to set Anchor’s yield near 20%
🔹 why Terra had a large SDT pre-mine that was not proactively disclosed
🔹 whether Do’s actions show he didn’t think that the algorithmic mechanism was sufficient to keep UST pegged to the dollar
🔹 whether Terraform Labs cashed out $2.7 billion using Degenbox
🔹 why there were no disclosures about Chai terminating its agreement with Terra
🔹 why the Terra blockchain went through a hard fork without a public discussion
🔹 the failure of the basis cash stablecoin, also worked on by Do Kwon
🔹 whether an algorithmic stablecoin can work
🔹 the week of the UST depeg and what happened to the funds held by LFG
🔹 where the 3 million Luna unlocked per month by Project Dawn went
🔹 when the LFG will return funds to UST holders
🔹 what Do would do differently if he had the chance to go back


*** Quick correction
At 7min 18sec, I misspoke, the Korean government posted a pdf for Do Kwon’s passport revocation, not his arrest warrant.

***

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Time Stamps:
00:00:00 Intro
00:03:10 Red notice
00:04:40 Charges based on the Capital Markets Act
00:07:18 - CORRECTION - See Description
00:08:41 Do’s location
00:11:21 South Korean lies?
00:13:33 LFG BTC holdings
00:17:46 His arrogance on Twitter
00:20:07 Do’s regrets?
00:28:59 Anchor yield
00:31:55 SDT pre-mine
00:38:01 UST peg
00:45:06 Degenbox
00:49:48 Chai
00:55:54 2019 hard fork
00:59:50 Basis cash stablecoin
01:01:05 The depeg of UST
01:15:13 Project Dawn
01:17:30 Compensation to holders
01:19:52 Do’s beliefs
01:23:28 Learnings
01:26:49 Closing thoughts

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