
The Best Explanation of the Terra/Luna Collapse [Jonathan Wu]
The Swyx Mixtape
00:00
What's Your Take on the Block Chain?
The luna foundation had already foreseen this, and they had a policy lever that essentially rate limited the amount of exit. And once three monkeys exit, the turnstyle stops, and everyone has to stay in until the next day. So it's a very difficult sit ton where the proposal is to say, take away the turnstile. Let as monk, many monkeys out, as t as want to get out. But if you do that, luna for sure just goes to zero dollars immediately because everyone will want a redeem. If i had to predict any in it feels like the system needs to be reset, and luna holders need to get wiped out to compensate as many us
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