The other option of TerraClassic stable coin
At this moment, Terra Classic primarily needs a VISION. The community needs a clear vision above all else. Until recently, we had the TR RoadMap, which appears to be no longer relevant since no one mentions it anymore?? This ‘Road Map’ served as the community’s vision and united it. Now, as an investor, I don’t feel that our blockchain has any vision. While the bull run begins and many coins happily move forward, LUNC is somewhat standing still… as if everything is chaotic, directionless… like ruins. I understand that the L1 team is doing a big work at the primary level. However, the community needs a VISION at this moment! The community is essential to the success of every blockchain. If people give up and the community falls apart, we will probably face a sad end. Therefore, we all need a VISION. It is not enough to talk about many small activities & builds that will take place on our ecosystem. TerraClassic needs a ‘main job’ - as DJTrev would say :-). We would, of course, get short-term acceleration if we burned excess supply. But in the long run, TerraClassic needs clear recognition in the crypto world.
I voted for reepeg USTC, although I am aware of the risks. But I do not agree that LUNC should become a meme coin, so I am prepared to risk.
Regarding the stable coin (if repeg could not be done), I have a slightly different idea that might be attractive and recognizable in the crypto world, mainly very useful for crypto adoption. I am not a programmer myself… actually, I come from the world of art, so I apologize if I assume something incorrectly or am I oversimplifying things. However, it is a basic vision that, of course, requires professional implementation.
I believe that it is time for CRYPTO to draw a clear line between the traditional financial world - traditional banking and to move onto a completely independent and self-sufficient path. I believe that we need a STABLE COIN that is no longer tied to FIAT. A STABLE COIN that is just STABLE - and HAS NO INFLATION!
STABLE COIN WITH NO INFLATION. A stable coin that maintains value (for example, the value of labor, goods, energy…). The value could be determined based on a ‘basket of standard living costs’ or something similar. This stable coin should not be tied - backed to banks or other centralized institutions, but should maintain its value similarly to USTC (with code … ).
Such a coin - without inflation - would be extremely useful for people and important for crypto adoption. Just imagine money without inflation and no volatility. In this case, repeg is not an option. Otherwise, the coin without inflation would catch up with and surpass the value of one dollar anyway. And this stable coin must be ‘untachible like Bitcoin’.
We should only take care of some sort of crypto debit card that would allow the use of this coin in everyday life.
I think that ‘TERRA CLASSIC STABLE COIN WITH NO INFLATION’ would greatly contribute to the crypto adoption and much-needed vision and recognition of Terra Classic in the world and helps every-day people all over the world.
It’s name could be TerraStable (STABLE).