🚨 $LUNA , $LUNC , $USTC — CZ on Do Kwon: “Right idea, wrong execution.” 😮
Binance CEO CZ didn’t hold back when reflecting on Terra’s collapse:
> “Do Kwon actually had the right idea, but just failed miserably on execution.” 💣
📌 Clarification: CZ’s comment refers to the concept behind Terra’s algorithmic stablecoin — a bold attempt at decentralizing stability. While the idea was innovative, its real-world implementation led to one of crypto’s biggest crashes, wiping out Terra (LUNA) and its stablecoin UST, which later became TerraClassic (LUNC) and TerraClassicUSD (USTC).
💥 This statement has reignited debate across the crypto community:
- Was Terra’s vision revolutionary but rushed? 🤔
- Could decentralized stablecoins like USTC still have a future? 🔄
- Is LUNC just a relic — or a comeback story in the making? 🚀
🔥 CZ’s words remind us: in crypto, ideas are cheap — execution is everything. 💯
👇 What’s your take?
- 💬 Visionary or reckless?
- 📉 Failure or foundation for future innovation?
