๐จ $LUNA , $LUNC , $USTC โ CZ on Do Kwon: โRight idea, wrong execution.โ ๐ฎ
Binance CEO CZ didnโt hold back on Terraโs collapse:
> โDo Kwon actually had the right idea, but just failed miserably on execution.โ ๐ฃ
๐ Context: CZ was referring to Terraโs algorithmic stablecoin concept โ an ambitious attempt to decentralize stability. The idea was innovative, but poor execution led to one of cryptoโs largest crashes, destroying LUNA and its stablecoin UST, which later became TerraClassic (LUNC) and TerraClassicUSD (USTC).
๐ฅ His comment has sparked debates across the crypto community:
Was Terraโs vision revolutionary but rushed? ๐ค
Could decentralized stablecoins like USTC still have a future? ๐
Is LUNC just a relic, or could it stage a comeback? ๐
๐ฅ CZโs takeaway: in crypto, ideas are cheap โ execution is everything. ๐ฏ
๐ What do you think?
๐ฌ Visionary or reckless?
๐ Failure or foundation for future innovation?