FatMan

2/10 $LUNA sentiment is currently abysmal. Terra 1 collapse made people angry, resentful, confused. Most have written off Terra 2.0, thinking it will fail. Sentiment can't get any worse, only better. This presents an opportunity.

3/10 Even if the bear market drags on and relative valuations come down, $LUNA sell pressure will be very limited. Airdrop lock up means bag-holders can't sell. $SOL, $AVAX, $ETH bag-holders can sell till the cows come home, but not $LUNA holders.

4/10 Minimal $LUNA releases until November 2022, which is when the airdrop begins to vest. By then, Terra will have many protocols live and significant TVL. Having most tokens locked during this nasty bear market is a huge advantage for Terra.

5/10 Dozens of developer teams are working on Terra, and they all have many months worth of runway, thanks to the emergency developer allotment. Terra will be a bright spot in crypto over coming months. While other projects contract, Terra will be expanding rapidly.

6/10 Finally, Terra has the unique value proposition of full community governance. Project funding is not handled by an exclusive foundation board, but rather 100% of funding must be approved by on-chain governance. True decentralization; unique experiment with high potential.

7/10 Ultimately, Terra’s success will be heavily influenced by the outcome of legal and regulatory actions against Terraform Labs and Do Kwon, as they are large Terra stakeholders. You decide how likely it is TFL and Do will be able to continue to spearhead the rebuild effort.

8/10 Just keep in mind that the main Terra FUD purveyor is an anonymous guy that just showed up a month ago, writes like a tabloid journalist, and paints Do Kwon as a super villain. Throughout history, humans have always looked for a scapegoat when something bad happens to them.

9/10 So to summarize: • $LUNA sentiment bottomed out • Minimal $LUNA sell pressure due to lock up • Huge rebuild effort underway • Unique value proposition There is serious potential here. Non-consensus bets are always the most lucrative.