How Crypto KOLs View the UST Collapse

Decrypt

2022-05-11 15:01

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Title: Crypto Twitter Reacts to UST Collapse and Market Meltdown

原文作者：Sander Lutz，Decrypt

原文编译：0x9F，律动 BlockBeats

随着比特币和其他加密货币的暴跌，加密 KOL 们昨日已开始严阵以待。而 Terra 的 Stablecoin UST 断崖式下跌，彻底让社交媒体平台进入超高速运转状态。

旨在锚定美元的 UST，从令人担忧的 0.985 美元跌至令人震惊的 0.9 美元，然后是 0.85 美元、0.8 美元甚至更低。当这个曾经稳定的货币完全脱离美元跌至 0.70 美元以下时，Crypto Twitter 的常驻专家、利益相关者、反对者和巨鳄都实时地关注起这一历史性的灾难。

The question arises as UST begins and continues to plummet: how does a Stablecoin become so...... Unstable? Why don't you stop? Why is this happening at UST and not other stablecoins anchored to the dollar? The AztecJonathan Wu 发布了一个澄清原委的速通课程，实时分析了脱锚的情况。

As with all tribulations on Twitter, there are some who are happy and some who are sad about UST collapse. Some, like Messari Crypto's founderRyan Selkis, warning that theThe impact of the day's events could go far beyond Terra's success or failure.

「Terra 就算失败了，规模也不过安然公司的一半。我们既处于监管深渊的边缘，或许可以暂缓一下幸灾乐祸。」

Founder of TezosArthur Breitman 预测，除了金融方面会出现糟糕的后果，公众对所有加密从业者的看法也将发生转变。

「我还要说人们会注意到这件事并认为加密还不够好。即使业界大部分人称赞 UST 具有创新性，也无济于事。」

Crypto citizens on Twitter are glued to their screens as the UST drops lower and lower, creating an unheard-of reality every hour. Like the crypto reporterLaura Shin 观察到的，下午 5 点的世界末日到了下午 6 点就成了令人盼望的奇迹。

「有趣的是，UST 现在是 0.79 美元，我感到如释重负，而 35 分钟前，当它是 0.75 美元时，我吓坏了。」

But industry leaders claim to be unaffected by these fears. Founder of FTXSam Bankman-FriedThink,The Stablecoin collapse has been going on for a long time。

"If you know the details, it makes sense."

whileMark CubanThink,This seemingly unprecedented moment in the history of encryption actually echoes the growing pains of Web 2 in the early 2000s. Co-founder of Avalanche & NBSP;Emin Gn Sirer And even think,The current incident has a precedent in the history of cryptography and Stablecoin。

Still, that background has not reassured many that Terra co-founder Do Kwon has been extremely open and real-time in his handling of the UST breakup. When Kwon live-tweeted his (ultimately unsuccessful) effort to back Terra's Luna Foundation Guard with billions of dollars in loans to prop up Stablecoin, some couldn't help but point out what the strategy revealed.The absurdity of UST as an "algorithmic Stablecoin".

Besides, some people decided to use the moment to exact some sweet revenge. The founder of CardanoCharles HoskinsonCiting an old Do Kwon tweet, in which Do Kwon slap-tartly commented on the reason for buying Cardano's native Token ADA: because it has a negative correlation with Terra's own Token LUNA (implied & NBSP;ADA's decline is a natural byproduct of LUNA's rise）。随着 UST 和 LUNA 下跌，Hoskinson 以此回敬了 Do Kwon。