CZ: UST’s vision is very good, but its implementation is poor

On February 14, it was announced that the encryption KOL Miles Deutsche released a tweet saying that UST has always had the right vision, but the implementation is very poor. However, the demand for strong decentralized stable currency has not disappeared. CZ, the founder of Binance, commented that unfortunately, this is true.

Interpretation of this information:

The message here highlights the opinions of two prominent figures in the cryptocurrency industry, Miles Deutsche and CZ. Miles Deutsche, who is well-known for his encryption expertise and knowledge of blockchain technology, expressed his views on the current state of UST’s vision and implementation. According to Deutsche, the vision of UST was always correct, but the implementation of it has been rather poor. This statement essentially implies that the UST has failed to execute its plan effectively and did not achieve the desired results. Although UST’s implementation may have failed, the demand for a strong and decentralized stable currency has always persistently been there.

CZ, the founder of Binance, agrees with Miles Deutsche’s words, which unfortunately highlights the situation. The agreement by CZ further strengthens the notion that the current state of UST is indeed not as desirable as one would expect it to be. Both Miles Deutsche and CZ are respected figures within the cryptocurrency industry, and their opinions hold a lot of weight.

In the larger context of things, the message could be an indication of how important implementation is within the cryptocurrency market. No matter how great the vision or plan is, implementation is what matters most. Cryptocurrency enthusiasts might argue that vision helps attract investors and stakeholders, but good implementation is what can make or break the success of a digital currency.

Overall, the message emphasizes the need for proper implementation, highlighting that it is crucial to achieving the intended results. Both Miles Deutsche and CZ, prominent figures within the industry, agree that while UST may have had the right vision, its implementation has failed. The fact that the demand for a strong decentralized stable currency has not disappeared shows that there is still potential for other cryptocurrencies to fill the gap and provide better implementation that could lead to greater success.