“Be the change you want to see” is a statement of the CEO of Terraform Labs to the crypto investors. He dwelled much on the fact that there are lessons to note from the occurrence that left some negative impacts on the crypto industry in recent months.
The Why for the statement “Be the change you want to see”
In the words of Kwon to the crypto investors which was recently shared in the series of tweets a few hours ago, following the recent collapse of the Terra ecosystem and the creation of the new blockchain as a repair mechanism for the collapsed one.
He said rather than causing a setback, the lessons will strengthen the next generation of builders.
Before the crash of the Terra, there were a few in the crypto sector that showed concern about the stability of TerraUSD and its need for traders to stand as its backup. Then the CTO of Tether stated that was a recipe for danger
More also, he talked about the importance of decentralized finance, stating that volatility is part of the game that will bring changes and no form of liquidation can invalidate those beliefs.
According to Do Kwon, Terraform Labs CEO,
“Be the change you want to see. The last month for crypto has lessons that will power the rise of the next-gen of builders to great heights.
“Decentralized finance and decentralized monies protest against state-sponsored violence vs financial sovereignty. Volatility is the price believers pay to achieve that sovereignty. Liquidations should not invalidate those beliefs.
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“Create systems that are stronger and more resilient to those attacks Rise to the challenge. Or capitulate – but be honest whether you are fighting for a sovereign future or higher numbers. Crypto wins when there are more in the former camp than the latter.”
In the quest to support the revival of Terra (LUNA) three weeks ago, the community voted to burn a large amount of UST from its community pool. Earlier in May, the Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this, users proposed the burning of the 1 billion TerraUSD (UST) that was stored in Terra’s community pool and the remaining cross-chain UST that’s deployed on the Ethereum blockchain as incentives.
[…] Kwon displayed a level of confidence in rebuilding the Terra blockchain following the collapse of its predecessor in May. […]
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