Advice to Terra from Ethereum‘s Creator Buterin
Vitalik Buterin, who took the title of the world’s youngest cryptocurrency billionaire last year, gave an advice to Terra and said that Terra should prioritize the small investor in any repayment plan.
Advice from Buterin, Creator of Ethereum, to Terra. Commenting on the LUNA and UST event, which caused destruction in the cryptocurrency world, the young billionaire Buterin said that Terra should give priority to the small investor in its repayment plan.
Commenting on the subject from his Twitter account, which has more than 3 million followers, Vitalik Buterin cited Singapore’s labor law, which has stronger regulations for low-income workers and a “find your own way” approach for wealthy people, as an example for Terra.
Buterin emphasized that this approach is a “good hybrid formula”.
The world of cryptocurrencies was shocked as the existence of the increased LUNA supply was put into a death spiral due to the deterioration of the UST stable and the subsequent relationship between UST-LUNA.
The Terra team, on the other hand, presented a recovery plan and announced that they were looking for ways to bring the project back to life.
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