DYOR, or “Do Your Own Research”, is a term that has become increasingly popular in the cryptocurrency space. It’s a reminder to investors to take the time to do their own research before investing in any asset.
In 2019, Terra released a whitepaper that discussed the concept of DYOR and how it applies to the cryptocurrency space. The paper highlighted the importance of DYOR and how it can help investors make informed decisions.
The paper discussed the need for investors to understand the fundamentals of the asset they are investing in. This includes understanding the technology behind the asset, the team behind the project, and the potential risks associated with the asset. The paper also discussed the need for investors to understand the market conditions and the potential for volatility.
The paper also discussed the need for investors to understand the different types of cryptocurrency investments and the different strategies that can be used to maximize returns. This includes understanding the different types of tokens, such as utility tokens, security tokens, and stablecoins.
Finally, the paper discussed the need for investors to understand the different types of wallets and exchanges that are available. This includes understanding the different types of wallets, such as hot wallets, cold wallets, and hardware wallets. It also includes understanding the different types of exchanges, such as centralized exchanges, decentralized exchanges, and peer-to-peer exchanges.
Overall, the Terra whitepaper provides a great reminder for investors to take the time to do their own research before investing in any asset. By understanding the fundamentals of the asset, the market conditions, and the different types of wallets and exchanges, investors can make informed decisions and maximize their returns.
12 thoughts on “Reflecting on the Meaning of “Do Your Own Research” (DYOR): An Abstract from Terra’s 2019 Whitepaper”
Need a TLDR on that mate
Most of life is a ponzi, its just how long you want to stay in the game is the question.
Instructions unclear buying LUNA
**DYORAAC** – Do Your Own Research At All Costs !
I remember there were people in r/cc who were telling others about the risks of UST and LUNA but a lot didn’t pay attention due to its popularity.
They admitted the fatal risk in algorithmic stablecoin backing explicitly.
Easy to say now but some digging would have uncovered that Do Kwon had a failed stablecoin project before this one that likely rug pulled also. This might be hard to uncover.
But if you researched the person in tweets you’d know he was a huge douche bag in on Twitter, along with many others.
Every time someone was a douche in front on a billion people they turned out to be a bigger douche and scammer behind closed doors. This one is easy to research.
Ultimately you can not trust any human with billions of dollars or even hundreds of millions. Hence the strength of BTC , no need to trust a human. Every centralized project depends on some human , has a ceo, etc and they all have a price. They are human and greedy and fallible.
Lesson 2 never invest in stablecoins.
All algorithm stable coin are dangerous, got burned once in one before I learned this lesson on my own
Have Do Kwon revise this whitepaper, hear he’s got some free time now ^^
Most of the crypto market is a scam, need to be very careful what you’re buying
We all talk about reading the white paper – but white papers are really just technical advertising. There should be one to prove the project is thought out on a technical level. But it’s still just promotional
More proof that despite the white paper and your research, they can do whatever they want. Therefore, as much as we don’t like it, regulation is necessary to weed out all the bad players.
We all know how this story ended
I think it’s going to be quite a stretch to ask this sub to read/DYOR