Congratulations on that #HivePUM badge! I know you have been working on it for the last couple of months, and it's nice to see that you got it in January!!! 🎉
Thanks! Yep, I didn't miss any day last month, again.
Speaking of RUNE, how is it "promoted"? As a decentralized or...? I didn't think that they LOCKED user funds (to prevent bigger damage), but that shouldn't be possible if it is done in a decentralized way. Or it was some kind of governance voting for that?
I'm not sure, but I think it might've been a proposal that quickly passed to stop the rewards on vaults and lock those funds. Indeed, not a great choice, given there was no initial lock on vaults (so, when people say they are holding their crypto hostage, they are right), but on the other hand, if they hadn't done that, there was no RUNE to pay for all debt even if RUNE dropped to zero. And from this point of view, people who chose to use the vaults, either knew the risks and ignored them or they didn't know them and... sh*t happens, when you don't know what you are doing in crypto.
Btw. you are 100% right about keeping funds in unsafe places... We didn't have a big rug for a "longer" time, and I hope we will not have... but... you know how it goes...
I got my share of both small rugs or failed platforms on Cosmos (including Terra-Luna, at the time), Polygon, or BSC, and experiences with CEXes, so I'd rather keep my funds where my experience and research tells me they are safer, that's true. But sometimes I continue to keep funds in certain places in hope things will be ok, even when they do things that make them not ok, hoping things will turn around. They usually don't. Thorchain was one of them, and maybe they'll be ok, who knows? We have another example here on Hive, where for now we live on hope, even if they've been doing the right steps, but after a long time.