Hey guys
This week was hard for the crypto world. In 5 days we lost a top 5 stable coin and a top 10 crypto Terra blockchain with almost 60 billion dollars in assets so the effects are going to be big and they will last for a long time. Today the validators halted the block production in an effort to save what’s left but will they be able to do it? When something is as big as Terra is and with that kind of community then everything is possible if everyone stays out and don’t take their project and leave them there is a chance!! But in my opinion some hard choices has to be taken. I believe they can’t save both the ust and Luna it’s impossible the assets that they will need is tremendous and after this crash no one will give it to them. So which one to pick? Probable Luna which is the core coin of the ecosystem and all the projects use it and start for there create a new stable use fiat reserves with crypto reserves learn from the mistakes and make something even better and bigger.
I am uncertain for Terra futures but in crypto we have to believe in the impossible!!