The Node


Opinion

Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse

The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.

TerraUSD's "peg" was supposed to keep holders safe – just like this unfortunate bollard. Neither, apparently, could take the pressure. (Robert Kneschke /EyeEm/Getty Images)

Opinion

Will Reality Have Its Revenge on Andreessen Horowitz's Giant New Crypto Fund?

In an era of rising interest rates, personality and charm should take a back seat to results. But Andreessen Horowitz is rolling the dice on charisma one more time.

WeWork founder and former CEO Adam Neumann in 2018, before the company's decline. Neumann is launching a new blockchain startup called Flowcarbon. (Kevin Hagen/Getty Images)

Opinion

Bitcoin Is Apolitical, but Won't Be Much Longer

Practically speaking, everything is eaten by the culture war.

United States Capitol Building in Washington D.C (ElevenPhotographs/Unsplash, modified by CoinDesk)

Opinion

Martin Shkreli Is Back. He Loves Crypto

The flawed former hedge fund manager is looking to reinvent himself as a crypto entrepreneur. Buyer beware.

Martin Shkreli acknowledging the public. (Drew Angerer/Getty Images)

Layer 2

Dai Creator Rune Christensen on Terra's Collapse

The MakerDAO founder said on CoinDesk TV’s “First Mover” that he wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse.

Rune Christensen (CoinDesk TV, modified by CoinDesk)

Opinion

Ryder Ripps, Bored Apes and 'Owning' an NFT

A debate over fair use and copyright in the NFT age ensues.

Bored Ape (Yuga Labs)

Opinion

Let Terra Die

Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.

Terraform Labs CEO Do Kwon (CoinDesk TV, modified)

Opinion

What Web 3 Means to Andreessen Horowitz

And what the venture capital firm's "State of Crypto" report means for you.

Marc Andreessen, a16z co-founder (Joi/Wikimedia Commons)

Opinion

UST Won't Be the End of Algorithmic Stablecoins

The trail for a monetary "Holy Grail" continues, despite Terra’s collapse. So what do we do about it?

(Annie Spratt/Unsplash, modified by CoinDesk)

Opinion

The Human Cost of Lunatic Hubris

Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.

The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)