Normally, I would just be like whatever, another crypto blow-up, but in this case I'm really bummed because I absolutely love Thorchain's core product. Decentralized cross-chain swaps are so important and no one does it as well as TC.
The fact that it has such a strong core product, that generates a ton of real revenue, and is really separate and unrelated from the lending portion that fell apart is what sets this apart from other similar blow-ups, and it's why I actually feel like this could be a really good buying opportunity.
I know you said this would be a permanent loss of credibility, but I've found that this space actually has relatively short memories. I expect - like most of us - that the overall bull run hasn't even really started yet, and when prices start really getting crazy some portion of that is going to be swapped through Thorchain and lead to significantly higher revenue generation than they are seeing now.
They use that to pay back the debt - get some good PR - and boom goes the dynamite!
RE: Thorchain is Insolvent: Bank Run Activated