Aged like milk: "Why Terra Stands Out Among Rival Cryptocurrency Projects"

From 1 year ago:

"It has developed a unique system to make stablecoins work, and it's actually working!"

Motley Fool Analysts (indeed!) Eric Bleeker and Bernd Schmid went all the way shilling Terra for its brilliant idea of creating a system of stablecoins that actually worked lol

Interestingly, they go far enough to mention the death spiral scenario that ended up causing the project's demise:

"This could cause they call it a death spiral to the point if the demand collapses too fast, the whole thing would just collapse and then nothing is worth anything anymore. This is actually what happens to, I believe, almost all algorithmic stable coins in the last couple of months except Terra. The reason is actually the other algorithmic stablecoins have been created out there, they have used financial incentives similar to what we were talking about before with games to just help people and create demand for this stablecoins, but it was not official demand. Terra is not the case."

Aged like milk.

Article: https://www.fool.com/investing/2021/12/24/why-terra-stands-out-among-rival-cryptocurrency-pr/