05-14-2022, 06:35 AM
New Proposal by Do Kwon
<!-- SC_OFF --><div class="md"><p><a href="https://agora.terra.money/t/terra-ecosystem-revival-plan/8701">https://agora.terra.money/t/terra-ecosystem-revival-plan/8701</a></p> <p>So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”.</p> <p>I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming.</p> <p>My opinions on this :</p> <ol> <li><p>The proposal assumes that luna and UST still has value.</p></li> <li><p>There doesn’t seem to be any actual fix to the protocol, this is basically just resetting the chain to a more convenient state.</p></li> <li><p>No mention on how to fix UST. I mean he said to push the fix later, but the counter argument is that the dynamics UST with LUNA is what defines terra, without that terra is just a PoS like avax or Polygon.</p></li> </ol> <p>Opinions?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CrowdGoesWildWoooo"> /u/CrowdGoesWildWoooo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uowhud/new_proposal_by_do_kwon/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uowhud/new_proposal_by_do_kwon/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><a href="https://agora.terra.money/t/terra-ecosystem-revival-plan/8701">https://agora.terra.money/t/terra-ecosystem-revival-plan/8701</a></p> <p>So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”.</p> <p>I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming.</p> <p>My opinions on this :</p> <ol> <li><p>The proposal assumes that luna and UST still has value.</p></li> <li><p>There doesn’t seem to be any actual fix to the protocol, this is basically just resetting the chain to a more convenient state.</p></li> <li><p>No mention on how to fix UST. I mean he said to push the fix later, but the counter argument is that the dynamics UST with LUNA is what defines terra, without that terra is just a PoS like avax or Polygon.</p></li> </ol> <p>Opinions?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CrowdGoesWildWoooo"> /u/CrowdGoesWildWoooo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uowhud/new_proposal_by_do_kwon/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uowhud/new_proposal_by_do_kwon/">[comments]</a></span>