It's never easy when the interests of investors is pitted against developers.
Ultimately, the value of the @terra_money network was its ecosystem of 3rd party builders.
A new Terra without the "decentralized" stablecoin narrative is the sustainable path forward for $LUNA.
Everyone: If #Terra doesn’t have an algo stable coin then it’s just another L1
Eth: Huge transaction fees
Sol: Shuts down
Avax: very little infrastructure
🌖Luna: Beautiful UI, cheap gas, robust, easy to use protocols
But what do I know… just another L1 😏
Want to clarify this.
I admire @stablekwon for continuing to try and lead the rebuild efforts.
I don’t think he should be the face of it given the bad optics but if nobody from the builders step up to lead it, @stablekwon leading is absolutely better than zero leadership.
If it shrinks by 99.99% it needs to grow by 1000000%. Let's be realistic, this isn't going to happen.
The only way back to a proper ecosystem of 3rd party apps for @terra_money developers to rebuild, as the old platform is irrecoverably damaged & suffers from structural defects.
3/ Currently, these key precepts underpin most schools of thought:
- The #LUNAtic community is unparalleled in its passion
- The builder talent pool is broader and deeper on Terra than most ecosystems
- Terra’s blockchain is incredibly robust, as attested to by recent events
6/ What we should look to preserve now is the community and developers that make Terra’s blockspace valuable – I’m sure our community will form consensus around the best path forward for itself, and find a way to rise again.
1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, employees, friends and family, that have been devastated by UST depegging.
I am heartbroken about the pain my invention has brought on all of you.
#LUNAtics, I'm gonna mint it! Join to Public Whitelist @UnstablesTerra #NFT. And mint it with me! Just fill out this form: https://t.co/S3Uhgn0T8V
20 November 2021 @ProtocolTalis
$LUNA $UST @terra_money
#LUNAtics, 🎉 You gonna mint it! 🎉 Join to Public Whitelist @UnstablesTerra #NFT. And mint it with us! Just fill out this form: https://t.co/fl2Huekdk8
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📅 20 November 2021 @ProtocolTalis
$LUNA $UST @terra_money
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$LUNA $UST
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$LUNA $UST @terra_money#NFTGiveaway