LogFAQs > #965031588

DarkRoast, we know. The Terra blockchain is done. But on a different chain, there's a liquidity pool with tokens that were previously bridged over. Whatever transactions that happen on that chain is independent of the halted Terra chain because they do not need to post transactions to the Terra chain. So what people are doing here with that pool of tokens is gambling on a game of chicken, who would last be left with a bag of worthless tokens. Some people are hopeful that Terra would be revived, others are preying on that optimism. These are the motivations for people making buy orders and others filling those buy orders.

But Terra isn't the blockchain industry. And their flawed model was called out by other crypto folks ages ago. What makes Terra so dangerous is that they were attracting people completely new to the field who knew next to nothing about blockchain with their staking rewards of 20% APY. So people had no idea how the blockchain worked and relied purely on the trust and good faith of the Luna Foundation Guard. This is definitely inexcusable and a major blemish on the industry, but Terra isn't representative of what the industry offers that has industries all around the world researching and aiming to integrate and evolve their fields.

I told you this over and over, but you refuse to listen so I don't know why I bother to try.