BlockchainBrad chats with Terra’s head researcher, Nicholas Platias. We compare Libra coin with Terra Money: a global cryptocurrency. Terra’s stablecoin and monetary system is the foundation for the future of decentralized finance. In contrast, Libra is a highly centralised, corporate-led coin. Terra is a price-stable cryptocurrency aimed at mass adoption. As its scale grows, Terra leads a new financial infrastructure for the next generation of decentralized apps. It is also arguably the best evidence today of blockchain-based global money, as they have more e-commerce partners than most. Mainnet Columbus has also been operation in the real world for 2 months, whereas Libra is still theory and is being challenged by governments right now!
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0:11 Intro Nick Platias, head researcher @ Terra
0:46 What is Terra? What is a StableCoin?
3:35 Volatility Problem in crypto.
5:31 Terra’s Vision
8:31 Compensation pegged to basket of currencies
12:16 Libra backlash
18:26 Terra is Permissionless
19:17 Is libra a blockchain
25:56 Terra MainNet
27:47 Dual Token Structure
32:34 Libra Money sent to Custodian Banks
36:42 Libra Lacks Seigniorage
45:02 The Value of Starting in Asia
50:14 Enterprise + E-commerce
52:20 Exchanges + listings
55:55 G7 Crypto Taskforce coming!
57:57 Thanks Nicholas Platias!
This was 100% free and I did this video with Terra with no compensation; not in fiat, tokens or any form on payment. Why? Since several months ago, I decided to do only free content unless legitimate LONGTERM ambassadorships were involved. The Terra team mentioned they may donate some LUNA to help my channel and I will inform you of this if this happens. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. This is not Financial Advice. Please #DYOR
I have not invested in Terra. This is not Financial Advice, but I really believe in this project. #DYOR always.
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