ZhuSu said that the collapse of LUNA caused heavy losses to many investors, so there is no strong call for forgiveness for Do Kwon. As one of the largest protocols in crypto history, Terra's mechanism has always been open and transparent, UST is widely adopted by major exchanges, and top VCs are also deeply involved. However, the industry now seems to blame the failure on its own individuals rather than systemic problems.
Although Do Kwon was overconfident at its peak and failed to listen adequately to outside criticism, if the crypto industry chooses to use him as a "scapegoat", it may deter high-potential entrepreneurs from joining - after all, there are similar failures in traditional industries. Entrepreneurs now also need to consider the risk of "personal liability" when weighing AI, early technology and crypto. This phenomenon is reminiscent of the question of whether Vitalik, the co-founder of Ethereum, should be criminalized after the DAO hack.
Zhu Su: If the crypto industry blames founders for industry failures, it may affect the entry of high-potential entrepreneurs
2025-03-14 04:09:19
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