The slowing down concept is not really a concept but a proposal to undo the Terra v2 (Prop 1623) to allow the community to decide how to better proceed
@CallistoNetwork:
If this really were community governed then you would be right that the community could digest and proceed. The focus on Prop 1623 is naively trying to recover investors value and customers money within 5 years. The biggest difference between ETH-ETC is that Terra is all about money (“www.terra.money”) and the UST customers are calling in for debt servicing but TFL is unable to perform this. The situation is similar to the hypothetical case that 90% of Tether’s (USDT) users simultaneously called on servicing debt but Tether could not produce documentation showing they could cover their market cap. Some put their entire lifesavings into Anchor Protocol and cannot pay rent at the end of this month. For them not having access to serviceable money leads to becoming homeless and repossessions. The multi-national bank who holds their debt is coming after TFL for the rest. For this reason if TFL really believes in the future of Terra is to transfer ownership of all assets to a new community leadership who are beholden to the governance without validators and developers holding hostage the entire platform. The first order is to settle the debt restructuring problem knowing that TFL is completely broke. At this point is better value for everyone to keep their stake than liquidate a million UST for one last meal. The hope is in time their faith in a DeFi ecosystem backed by actual stables will come back but at this time no proposal is safe as long as the whole ecosystem could be stopped by local justice or extraditions. Do the needful first and worry about the rest after. As long as you have beholden leadership you are at least represented moving forward to the enterprise value that is still left.