Do Kwon, the CEO of Terra Labs—the imploded algorithmic stablecoin—wants to fork the Terra blockchain as part of a comeback narrative. Any rational participant in the crypto space wants to see people take chances to try new things, with an understanding that many things will not work. When things fail, we should take apart the rubble to figure out what went wrong, so that we don’t repeat the same mistakes. But we should stop short of disrespect and chaos, as mobs tend to form easily in the aftermath of financial meltdowns. We also have to contend with a larger issue. Past a certain point, attention is finite—we only have so much to give.
Vote With Your Attention
Vote With Your Attention
Vote With Your Attention
Do Kwon, the CEO of Terra Labs—the imploded algorithmic stablecoin—wants to fork the Terra blockchain as part of a comeback narrative. Any rational participant in the crypto space wants to see people take chances to try new things, with an understanding that many things will not work. When things fail, we should take apart the rubble to figure out what went wrong, so that we don’t repeat the same mistakes. But we should stop short of disrespect and chaos, as mobs tend to form easily in the aftermath of financial meltdowns. We also have to contend with a larger issue. Past a certain point, attention is finite—we only have so much to give.