Born too late to explore the globe
Born too early to venture into space
But born at the perfect time to watch $RUNE become the greatest asset the world has ever seen
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Replying to @sassal0x
She’s a 10 but believes one blockchain can competitively serve all use cases
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Replying to @AkuRypto @THORChain
Yes.
Trying to discuss algo & THORFi in the middle of the first and biggest algo crash ever, was not the best idea or moment to try to educate.
As I said in another post, it's like discussing "flying" with people just after the first motor-engined plane testflight in early 1900
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This is not binary—it is about risk and sequencing.
THORFi is not being scrapped because the financial products TC can enable best in class. But it will come to the forefront once some core items are landed.
Mainnet is on the horizon.
Here's what this means...
1/2 $RUNE
Algo stable experiments are progressing well.
For the unbiased buildoor, the scale of the collapse shouldn’t detract from the learnings.
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Terra has a lot of great builders and apps which were overshadowed, rightly, by the focus on ust.
Without ust, there’s much more room for light to shine on those builders than ever.
If you believe this medium/long-term you significantly reduce your net worth EV.
So many people will take the wrong lessons from $UST.
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2018: Watching charts of Bitcoin hoping it recovers.
2022: Watching charts of stable-coins hoping they recover.
Terra is very likely dead.
Most will extract the wrong learnings – that algo stables are impossible and that we shouldn't try.
Do's greatest contribution has been in recognising *utility* as the key stabiliser. But he didn't heed his own device and chased UST growth too early.
Absolutely insane.
DeFi has gone from a few plebs kicking a bit of USDT around Curve to a full-blown, epic, Giants of Finance battlefield in a mere two years.
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Truly impressive.
Replying to @Evan_ss6
Hard to hate on how successful ETH DeFi has been.
It has been the best performing industry to convince people that they're interacting with a centralised economy when all it takes to cascade the whole thing is a batch of freeze orders from the US government to Tether or Circle.












