The only potential way to fix this, is (a) stopping the entire system, (b) carefully examine it, (c) *solve the broken parts*, and (d) consider restarting *only once a viable solution is found*.
If instead of repeatedly and arbitrarily restarting this deadly roller coaster, *#Terra team would spend some time thinking hard what the most viable solution might be*, preparing carefully before restarting it, the ecosystem could perhaps recover some value in the long term.
Would urge users, exchanges, and partners of #Terra ecosystem to proceed w/ utmost caution.
What can be worse than dying a painful and agonizing death, crippling people in many parts of the world?
Re-living the event, several times, w/o changing things & w/ same mad conclusion.
(wrote this initially on Thursday, as shared during the Elrond Townhall; but think it's very much worth restating given revival plans)
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It is the day we present a new economics model for UTK 2.0. One designed to reshape payments, putting Utrust, its community and merchants at the epicenter.
Time to enter the next level.
2/ First, let’s set the context.
Growth is the most powerful force for alignment.
With enough growth, everything -- literally everything -- falls into place.
Growth is the reason Elrond is joining forces with Utrust.
3/ There are two fundamental views on how one can achieve growth: zero sum vs. non zero sum.
One focuses on just taking away other people's pie.
The other focuses on unequivocally growing the pie to the largest extent possible.
The Maiar DEX solution is now ready, and in review.🛠️
It's been a few hardcore days, but it's going to get a lot better.
Here's a short update on the current status, and important improvements for the next steps.
2/ First, the bug fix solution is ready, and there are 3 threads for validation and heavy testing:
1 - internal peer review for the solution
2 - external peer review for the solution
3 - empirical validation via 1 day Battle of Yields competition
3/ Calling all Farmers: Battle of Yields begins today at 18:00 UTC 👨🌾🚜
All participating addresses that interact with the testnet exchange according to the instructions will share MEX rewards from a $15,000 USD prize pool.