{"id":506963,"date":"2022-10-19T11:52:28","date_gmt":"2022-10-19T11:52:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=506963"},"modified":"2024-06-11T14:27:44","modified_gmt":"2024-06-11T14:27:44","slug":"laura-shin-asks-terras-do-kwon-the-though-questions-what-did-we-learn","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/laura-shin-asks-terras-do-kwon-the-though-questions-what-did-we-learn\/","title":{"rendered":"Laura Shin Asks Terra\u2019s Do Kwon The Tough Questions. What Did We Learn?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin\u2019s <\/span><span style=\"font-weight: 400\">Unchained Podcast, titled \u2018<\/span><a href=\"https:\/\/unchainedpodcast.com\/do-kwon-of-terra-it-was-never-really-about-money-or-fame-or-success-ep-408\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">It Was Never Really About Money or Fame or Success<\/span><\/a><span style=\"font-weight: 400\">\u2019, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization\u2019s movements during the crash. And he sweats bullets.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/terra-luna\/terra-reacts-to-case-against-do-kwon-claims-matter-is-highly-politicized\/\"> Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized<\/a><\/div>\n<p><span style=\"font-weight: 400\">Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of her questions. Some better than others, but the man does show his face and answers, which is a lot. Compassionately, Laura Shin also gives Do Kwon a second opportunity to say sorry to Terra\u2019s affected investors and their families. He would\u2019ve come across much worse if she hadn\u2019t offered that second chance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The episode\u2019s intro says:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cDo 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.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">This is the video:<\/span><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<p><span style=\"font-weight: 400\">This Do Kwon interview is one for the books, everybody interested in the subject should watch it. Let\u2019s bring out the bullet points and analyze this phenomenal piece of media.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Do Kwon On His Location And \u201cOn The Run\u201d Status<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">He claims he doesn\u2019t live in South Korea anymore and he&#8217;s not planning to return to face the alleged charges. He plans to appeal, though.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do Kwon hasn\u2019t seen a copy of the arrest warrant.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Apparently, cryptocurrencies are securities in South Korea.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">His team has been cooperating with South Korean authorities, fulfilling the court requests for different documents.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do Kwon refuses to reveal his current location because of the difficulties it brings to his living situation. He denies he\u2019s on the run.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">He denied frozen funds at the KuCoin and OKX exchanges belong to him, Terraform Labs, or the LFG foundation.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The most important news Do Kwon reveals, though, is that the organization is working with a chain analysis firm to produce a paper on their trading activities. \u201cThey should be publishing a report shortly, which I think is going to provide a lot more clarity,\u201d he said. Do Kwon promised the report in \u201cthe next couple of weeks.\u201d<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-506965 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/LUNAUSD_2022-10-19_08-41-31.png?resize=460%2C256\" alt=\"LUNAUSD price chart - TradingView\" width=\"460\" height=\"256\"><\/p>\n<pre style=\"text-align: center\">LUNA price chart on Kraken | Source: LUNA\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/LUNAUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Terra Was a Failure But It Was Not A Scam<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do Kwon claims that his online persona was an alter ego and confesses that he got carried away with the \u201csh*tposting.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Terra\u2019s failure was caused by the protocol\u2019s \u201cweakness to respond to the cruelty of the markets.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">He admits to a lot of technical and theoretical mistakes but denies Terra was a scam.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do Kwon claims that the Anchor developers\/ whistleblowers that came forward denouncing the protocol were only interns. Not a line of their code appears in the final product, and this is apparent in GitHub.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Admits to the SDT premine of $1.4B. This was a second stablecoin that the Terra organization used to maintain the UST peg to the dollar. This stablecoin wasn\u2019t even mentioned in the Terra whitepaper. According to Do Kwon, this was because they hadn\u2019t conceived SDT when they wrote it. He claims Terra\u2019s is an \u201cacademic whitepaper\u201d and wasn\u2019t supposed to cover all of the technologies\u2019 use cases.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Do Kwon admits they were using market operations to maintain the UST peg to the dollar. In fact, he says this was always the idea. The burning and minting of LUNA was not the only procedure that was supposed to maintain the peg.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">Do Kwon And The Other Admissions<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Apparently, Terra and Chai haven\u2019t been working together for a long time.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">When asked about faking Chai\u2019s numbers and interactions registered in the Terra blockchain, Do Kwon said that the numbers came from Chai. According to him, they were probably \u201cdistancing themselves\u201d from the Terra situation but still using the blockchain.<\/span><\/li>\n<\/ul>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/terra-luna\/do-kwon-statement-a-possible-trigger-for-terra-tokens-price-surge\/\"> Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge<\/a><\/div>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">When asked about his participation in Basis Cash, a failed algorithmic stablecoin, Do Kwon distanced himself from the situation. He was just founding the team, but had nothing to do with the actual project. \u201cBasis Cash is not something that I designed or operated. It\u2019s something that I encouraged,\u201d Do Kwon said.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">When asked about if he was planning to compensate Terra investors from his own pocket, Do Kwon said, \u201cmy personal funds are not significant enough to make a difference.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">He still believes the world needs to work towards a decentralized future and that we need censorship-resistant money.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">As for his future plans, Do Kwon says he plans to continue building \u201chighly experimental\u201d projects in the crypto space.<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image: Do Kwon and Laura Shin, screenshot <a href=\"https:\/\/www.youtube.com\/watch?v=RgYSJVC7Ps8\" rel=\"nofollow\">from the video interview<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin\u2019s Unchained Podcast, titled \u2018It Was Never Really About Money or Fame or Success\u2019, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization\u2019s movements during the crash. And he sweats bullets.\u00a0 Related Reading: Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of her questions. Some better than others, but the man does show his face and answers, which is a lot. Compassionately, Laura Shin also gives Do Kwon a second opportunity to say sorry to Terra\u2019s affected investors and their families. He would\u2019ve come across much worse if she hadn\u2019t offered that second chance. The episode\u2019s intro says: \u201cDo 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.\u201d This is the video: This Do Kwon interview is one for the books, everybody interested in the subject should watch it. Let\u2019s bring out the bullet points and analyze this phenomenal piece of media. Do Kwon On His Location And \u201cOn The Run\u201d Status He claims he doesn\u2019t live in South Korea anymore and he&#8217;s not planning to return to face the alleged charges. He plans to appeal, though. Do Kwon hasn\u2019t seen a copy of the arrest warrant. Apparently, cryptocurrencies are securities in South Korea.\u00a0 His team has been cooperating with South Korean authorities, fulfilling the court requests for different documents. Do Kwon refuses to reveal his current location because of the difficulties it brings to his living situation. He denies he\u2019s on the run.\u00a0 He denied frozen funds at the KuCoin and OKX exchanges belong to him, Terraform Labs, or the LFG foundation. The most important news Do Kwon reveals, though, is that the organization is working with a chain analysis firm to produce a paper on their trading activities. \u201cThey should be publishing a report shortly, which I think is going to provide a lot more clarity,\u201d he said. Do Kwon promised the report in \u201cthe next couple of weeks.\u201d LUNA price chart on Kraken | Source: LUNA\/USD on TradingView.com Terra Was a Failure But It Was Not A Scam Do Kwon claims that his online persona was an alter ego and confesses that he got carried away with the \u201csh*tposting.\u201d Terra\u2019s failure was caused by the protocol\u2019s \u201cweakness to respond to the cruelty of the markets.\u201d He admits to a lot of technical and theoretical mistakes but denies Terra was a scam.\u00a0 Do Kwon claims that the Anchor developers\/ whistleblowers that came forward denouncing the protocol were only interns. Not a line of their code appears in the final product, and this is apparent in GitHub.\u00a0 Admits to the SDT premine of $1.4B. This was a second stablecoin that the Terra organization used to maintain the UST peg to the dollar. This stablecoin wasn\u2019t even mentioned in the Terra whitepaper. According to Do Kwon, this was because they hadn\u2019t conceived SDT when they wrote it. He claims Terra\u2019s is an \u201cacademic whitepaper\u201d and wasn\u2019t supposed to cover all of the technologies\u2019 use cases. Do Kwon admits they were using market operations to maintain the UST peg to the dollar. In fact, he says this was always the idea. The burning and minting of LUNA was not the only procedure that was supposed to maintain the peg. Do Kwon And The Other Admissions Apparently, Terra and Chai haven\u2019t been working together for a long time. When asked about faking Chai\u2019s numbers and interactions registered in the Terra blockchain, Do Kwon said that the numbers came from Chai. According to him, they were probably \u201cdistancing themselves\u201d from the Terra situation but still using the blockchain. Related Reading: Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge When asked about his participation in Basis Cash, a failed algorithmic stablecoin, Do Kwon distanced himself from the situation. He was just founding the team, but had nothing to do with the actual project. \u201cBasis Cash is not something that I designed or operated. It\u2019s something that I encouraged,\u201d Do Kwon said. When asked about if he was planning to compensate Terra investors from his own pocket, Do Kwon said, \u201cmy personal funds are not significant enough to make a difference.\u201d He still believes the world needs to work towards a decentralized future and that we need censorship-resistant money.\u00a0 As for his future plans, Do Kwon says he plans to continue building \u201chighly experimental\u201d projects in the crypto space. Featured Image: Do Kwon and Laura Shin, screenshot from the video interview | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":506964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86457,85583],"tags":[87251,86106,87255,87248,87247,86012,87253,15862,16741,86119,83641,85804,85997,86404,87249,7702,65698,87254,86122,86014,85253,87250,86013,87252,85059],"class_list":["post-506963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stablecoin","category-terra-luna","tag-anchor","tag-anchor-protocol","tag-answers-for-the-damaged","tag-basis-cash","tag-chai","tag-do-kwon","tag-do-kwon-interview","tag-kucoin","tag-laura-shin","tag-lfg-foundation","tag-luna","tag-luna-foundation-guard","tag-lunausd","tag-okx","tag-sdt-premine","tag-south-korea","tag-terra","tag-terra-answers","tag-terra-collapse","tag-terra-crash","tag-terra-luna","tag-terra-whitepaper","tag-terraform-labs","tag-unchained-podcast","tag-ust"],"acf":[],"yoast_head":"\n<title>Laura Shin Asks Terra\u2019s Do Kwon The Tough Questions. What Did We Learn?<\/title>\n<meta name=\"description\" content=\"This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin\u2019s Unchained Podcast, titled \u2018It Was Never Really About Money\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/laura-shin-asks-terras-do-kwon-the-though-questions-what-did-we-learn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laura Shin Asks Terra\u2019s Do Kwon The Tough Questions. What Did We Learn?\" \/>\n<meta property=\"og:description\" content=\"This is the Do Kwon interview everyone was waiting for. 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