๐ $LUNA โข ๐ฅ $LUNC โข ๐ $USTC โ CZ Explains What REALLY Went Wrong ๐ฎโ๐จ
CZ put it bluntly:
โDo Kwon actually had the right idea, but failed miserably on execution.โ ๐คฆโโ๏ธ
Hereโs the full breakdown ๐
๐น ๐ก The idea wasnโt the issue
The algorithmic stablecoin model linking USTC โ LUNA could work in theory โ if proper safeguards were in place.
๐น ๐ฅ Execution caused the collapse
USTC lost its peg โ unlimited LUNA minting โ hyperinflation โ total collapse โ chain split โ LUNC was born ๐ธ
๐น ๐ซ No reserves. No circuit breakers. Ignored warnings.
A fragile system scaled too fast, erasing $40B+ in market value.
โ๏ธ With Do Kwon now sentenced, the Terra saga has officially moved from speculation into history.
๐ Market lesson:
Great ideas without risk management always fail. ๐ฌ
๐ค Do you agree with CZ โ was Terra a solid concept ruined by poor execution?
๐ฌ Are you still holding LUNC or USTC?
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