LUNA's implosion was down to flawed tokenomics.

But my point is that without a truly decentralised, censorship-resistant network running underneath, good code or bad code, it wouldn't have mattered in the long run.

If all it took was a few people to get together and shut down the entire network, then that would have been a major point of failure in the future.

Getting this base layer right is the real key to permissionless money.

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