"The Idea Was Right, the Execution Was Miserable." — CZ's Quote Explaining the $40B Collapse. Will the Phoenix Rise Again?
CZ clearly stated: "Do Kwon really had the right idea, but failed miserably in execution."
The collapse of Terra was not a failure of the USTC \leftrightarrow LUNA algorithmic theory, but a disaster of implementation. Without adequate reserves or "circuit breakers", the system became an unstoppable death spiral, hyperinflating LUNA and evaporating over $40 billion in value.
It was the failure of an execution that ignored the warnings.
That story is over. Now, the era of $LUNC begins.
The community has taken the reins to rewrite this story, not with an idea, but with action:
The Great Burn: Every token destroyed is a step to reverse hyperinflation.
Reconstruction: The failure left the foundations for a more robust and decentralized protocol.
The Takeoff 🚀: The key points of our long-term vision for LUNC focus on the phoenix rising from the ashes of that mistake. It is a bet on the community's correction of the initial design.
⚠️ WARNING: The road is long and volatile. This market demands patience and analysis. The collapse is a reminder that only disciplined execution and risk management can take us to the moon.
#LUNC #TerraClassic #CryptoNews #TokenBurn #Fenix
