Terra and Do Kwon just made it a lot harder for upcoming crypto projects and that may be a good thing


I wanted to stay quiet on this one since it's obviously already massive news and because I personally never got into this whole Luna thing or stablecoins in general, let alone one that was algorithmic based and appeared just over two years ago. Oh, and they just had to throw that "decentralized" in there huh? If you thought MetaMask or OpenSea were marketing and defaming the shat out of that term, well, step aside cause here comes "Terra":

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But yeah, many others will know both in theory and practice a lot more about this whole UST-Luna ordeal than I do, but what I want to point out is that there's obviously a lot of bad money and delusional minds in crypto that hopefully gets washed out this time. What I mean by that is some are not here for either the tech or just simply trading or holding, no they are here to make unrealistic promises and/or scam you and in the process damage the reputation of honest and sincere projects and people, plain and simple. I'm not going so far in claiming this whole Terra thing was a scam from the get-go, or if the "attack" was organized or maybe even a collusion, I honestly don't know nor care because the result is the same. Or at least I oh so sincerely hope it is this time around.

What result you ask? The ever growing maxis:

Just imagine if all those that opted for Luna, opted for Bitcoin, Ethereum or even other names instead, names that actually proved themselves the past years and survived many hardships? What was wrong with opting for Maker/Dai? You thought you "missed the boat" on that one? Well, you now fell completely overboard because of Terra. I can't stress it often enough, there are indeed some cryptos out there that are an addendum to Bitcoin, but soooooooo many cryptos and it's developer are just so ridiculous, like, who are you? What are you contributing? What genius revolutionary invention are you putting on the table that the creators of BTC, ETH, UNI or MKR couldn't have come up? Nothing! Well, nothing safe and secure at least. So will people finally learn? Will they become Bitcoin-Maxis? If they love dApps will they become Ethereum-Maxis? If they love non-centralized stablecoin projects will they become Maker-Maxis? If they love DEXes will they become Uniswap-Maxis? Stop thinking you missed the boat and then jump aboard vague, new, non-established projects that very cleverly market themselves to you by playing in on exactly this mentality. I'm not saying new projects can't be an addendum to Bitcoin, but most that I see pop up are just feeding on this "too late" mentality (especially) newcomers have, to draw them in and literally hamper the growth of reliable and more secure projects, and when they fail destroy people's trust in crypto altogether. Come to think of it, what's up with the term "Ethereum killer"? If you were such a genius you'd come up with your "Ethereum killer" before ETH came and then Ethereum would be the laggard.

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That Do guy actually labeled  himself as the "Dai killer".

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Well, I guess he's the one who met his Maker huh?😂🙃🤯🎯🥲😃 I'm sorry I couldn't resist, gotta keep some sense of humor in these cloudy times.

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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