[Re-upload / Common -> Agora] Terra Classic Roadmap v.0.1. by Classic Chaos Podcast

Classic Chaos Podcast - S2E01 - Roadmap born from chaos

Vals talked, we acted. :rocket: Introducing a #TerraClassic roadmap built by the community.

https://github.com/users/ClassicChaosPodcast/projects/1/views/3

1. Incompetence of Terra Classic validators related to building a roadmap

Research of Terra Classic’s validators communication on Telegram (LUNC Validators telegram group) and Commonwealth reveals more then 20 instances where validators emphasized the need for a clear roadmap for Terra Classic but failed to take concrete action.

  • Frequent Suggestions for a Unified Plan: Validators discussed the necessity of a roadmap in threads where issues like L1 upgrades, burn tax adjustments, and stablecoin reintroduction were debated. Suggestions were often left unresolved due to lack of coordination.

  • Stagnation Concerns: Several messages reflect a general consensus about stagnation stemming from the absence of a coherent strategy. Validators expressed frustration but rarely moved beyond discussing problems.

  • Missed Bull Market Opportunities: Validators acknowledged the missed opportunities in capitalizing on the recent bull market because of unclear priorities and the absence of a structured plan​.

Some examples include:

  • “Without a clear roadmap, we’re just floating aimlessly. We need a structured plan to bring confidence back to Terra Classic.” – February 15, 2023

  • “Validators need to come together and draft a professional roadmap, one that touches not just tech but also community and ecosystem development.” – March 8, 2023

  • “Why hasn’t a roadmap been proposed yet? Isn’t this something we should prioritize to show the community we are serious?” – May 2, 2023

  • “Every other successful chain has a roadmap. Without it, we’re just shooting in the dark.” – July 22, 2023

  • “Reviving Terra Classic needs a business-level roadmap, not just wishful discussions on governance.” – September 14, 2023

2. Importance of a Roadmap for Terra Classic

The Terra Classic roadmap is not just a technical necessity; it’s critical for the blockchain’s survival and resurgence. Here’s why:

Strategic Alignment: A roadmap provides a unified vision for all stakeholders, ensuring that validators, developers, and community members work toward shared goals. It minimizes the fragmentation that has plagued Terra Classic since the 2022 crash.

Supporting Quote: “Without alignment, even the best L1 upgrades won’t matter if the rest of the ecosystem isn’t coordinated.” – April 14, 2023.

Restoring Investor Confidence: Investors have been hesitant to reinvest in Terra Classic due to its perceived lack of direction. A roadmap signals that the blockchain is serious about addressing past mistakes and moving forward.

Supporting Example: Ethereum’s early roadmaps for ETH 2.0 helped maintain investor confidence even during delays.

Holistic Development: The roadmap isn’t just about L1 upgrades. By incorporating marketing, governance, and business operations, it ensures that Terra Classic is competitive across all dimensions of the blockchain ecosystem.

Market Positioning: A clear roadmap can position Terra Classic as a credible player, potentially regaining its spot in the top 20 cryptocurrencies. It provides a narrative for media and analysts, helping to counteract the negative perception left by the 2022 crash.

Community Reengagement: A roadmap invites the community to participate in shaping Terra Classic’s future, fostering trust and loyalty.

Supporting Quote: “Our community has ideas, but they feel unheard. A roadmap gives them a chance to contribute.” – March 8, 2023.

3. Main Assumptions of the Roadmap

3.1. Hybrid Decision-Making Model

Rationale:

  • Terra Classic operates in a decentralized environment, but a vast amount of tasks—such as legal compliance, partnerships, audits, large scale marketing, digital presence and social media etc—require centralized authority. This hybrid model ensures that both decentralized and centralized structures complement each other.

Execution:

  • Centralized tasks, such as securing partnerships or funding, are handled by a legally recognized entity (e.g., DAO or Foundation). Validators focus on decentralized tasks like governance proposals and protocol upgrades.

Precedents:

  • Ethereum Foundation supports Ethereum’s decentralized blockchain.

  • Cardano’s IOHK handles development while maintaining decentralized governance.

Benefits:

  • Clear delineation of responsibilities.

  • Flexibility to adapt to legal and market demands.

3.2. Independent Working Groups

Rationale:

  • Terra Classic has 110 validators, of which only certain amount is active. Dividing them into specialized groups ensures that multiple tasks progress simultaneously.

Execution:

  • 5 decentralized groups: Handle tasks requiring validator consensus (e.g., governance, R&D).

  • 6 centralized groups: Focus on tasks needing centralized authority (e.g., marketing, legal compliance).

Precedents:

  • Bitcoin Improvement Proposals (BIPs) use decentralized groups for protocol upgrades.

  • Polygon has separate teams for marketing, partnerships, and technical development.

Benefits:

  • Prevents bottlenecks.

  • Encourages accountability and expertise.

By embracing these assumptions, the roadmap ensures that Terra Classic leverages its unique strengths while addressing historical weaknesses. This dual structure provides flexibility, scalability, and a clear path to revitalization.

4. Roadmap status

The Terra Classic roadmap presented is a starting framework. It is intentionally designed to lay the foundation for future refinements and iterations. Here’s why this base version is essential and how it sets the stage for broader collaboration and eventual optimization:

4.1. Why It’s a Base Version

Iterative Process:

  • Roadmaps, like development itself, benefit from iterations. This version serves as a skeletal structure, ensuring that all critical areas are addressed without locking in specifics prematurely.

  • As a base, it identifies key objectives, such as L1 development, marketing, and governance, and creates room for expansion and stakeholder contributions.

Inclusivity:

  • The roadmap has been designed with the understanding that Terra Classic’s diverse community—including validators, developers, investors, and users—needs a platform for input.

  • Example: Decisions on a stablecoin are left open-ended to encourage detailed community discourse.

Avoiding Overreach:

  • By limiting the initial scope to high-impact actions, the roadmap ensures feasibility. Adding unnecessary complexity at this stage could overwhelm resources and lead to inertia.

Foundation for Expert Contributions:

  • This version avoids dictating specifics in areas requiring specialized knowledge (e.g., legal structuring, advanced marketing strategies).

  • Experts in these domains can refine and expand the roadmap in subsequent iterations.

4.2. How It Will Be Refined

Collaboration with Independent Experts:

  • A core aspect of this roadmap is the inclusion of unbiased, non-validator professionals. These individuals bring expertise in fields such as finance, marketing, and legal compliance, helping to refine the roadmap’s scope.

  • Validators historically focus on L1 and governance; outside experts can cover broader areas like community engagement or business development.

Collaboration with open minded Validators

Feedback Loops:

  • Mechanisms like validator and community surveys will assess the feasibility and reception of the roadmap, guiding adjustments.

  • Example: The roadmap can integrate feedback from the Terra Classic Telegram and Commonwealth forums.

Agile Adaptation to Ecosystem Changes:

  • The roadmap is modular, allowing it to respond to unforeseen challenges, such as regulatory changes or technological advances.

Continuous Review Cycles:

  • Reviews can be scheduled every quarter, ensuring that the roadmap evolves in step with Terra Classic’s progress and challenges.

4.3. Benefits of Starting with a Base Version

Pragmatic Progress:

  • A base version allows Terra Classic to move forward immediately rather than waiting for perfection.

  • Example: SDK upgrades can begin while community discussions about the stablecoin unfold.

Community Buy-In:

  • Starting with a base version demonstrates transparency and openness to input, strengthening trust within the Terra Classic ecosystem.

Room for Innovation:

  • The roadmap avoids stifling creativity by giving working groups the freedom to propose innovative solutions for roadmap elements.

5. Call to action

Classic Chaos Podcasts is first and foremost looking for independent and impartial (not validators) Terra Classic community members with professional expertise in managing business to help refine and expand Terra Classic’s first complete roadmap.

Secondly, Classic Chaos Podcast invites Validators to collaborate on the development of this roadmap, but only those with an open mind, proven professional approach and business experience. Interested? Reach out to Classic Chaos Podcast on X or Telegram to gain access to the roadmap on GitHub. Let’s rebuild Terra Classic—together.

5.1. Why Community Involvement Is Critical

Knowledge Pool Expansion:

  • Terra Classic’s community includes individuals with extensive experience in blockchain, finance, marketing, and other relevant areas. By inviting them to contribute, Terra Classic taps into this diverse knowledge base.

  • Example: A community member with marketing expertise could refine strategies for boosting Terra Classic’s brand visibility.

Distributed Responsibility:

  • In a decentralized ecosystem, success depends on distributing responsibilities across all stakeholders.

  • Validators have historically focused on L1 tasks, leaving gaps in marketing, legal, and business development. Community members can fill these gaps.

Rebuilding Trust:

  • Community involvement sends a powerful message: Terra Classic values the contributions of its ecosystem participants, fostering loyalty and trust.

  • This is crucial after the erosion of confidence following the May 2022 crash.

5.2. Criteria for Community Contributors

Credibility:

  • Community members should provide verifiable credentials demonstrating expertise in relevant areas (e.g., a portfolio, LinkedIn profile, or past contributions to similar projects).

Unbiased Perspectives in case of Independent Experts:

  • Contributors should not have conflicting interests, such as active validator roles that could skew their recommendations.

  • Example: A contributor working on stablecoin strategies should not simultaneously push for validator incentives unrelated to the roadmap’s goals.

Open mind and professional approach in case of Validators.

Alignment with Roadmap Goals:

  • Contributors must agree to work within the roadmap’s scope, ensuring efforts are cohesive and aligned with Terra Classic’s vision.

5.3. How to Access and Participate

Contact Points:

  • Interested members can reach out via Classic Chaos Podcast’s X account or Telegram group. This centralizes communication and makes it easier to coordinate access.

  • Example: A pinned post on X could explain how to apply for roadmap collaboration.

Access to Roadmap on GitHub:

  • Approved contributors will receive access to the roadmap on GitHub, enabling them to suggest edits, comment on stages, and propose new initiatives.

Onboarding Process:

  • Contributors undergo a simple onboarding process where they:

  • Agree to roadmap principles (e.g., alignment with decentralized goals).

  • Commit to transparent communication (e.g., sharing meeting notes, avoiding backchanneling).

5.4. Benefits of Structured Community Participation

Enhanced Credibility:

  • Involving seasoned professionals demonstrates that Terra Classic is taking a serious, business-like approach to its recovery.

Accelerated Progress:

  • Community contributions can fast-track areas where validators lack expertise or bandwidth.

Transparency and Accountability:

  • Publicly involving community members ensures that roadmap refinements are above board, avoiding accusations of favoritism or opacity.

Embrace the Chaos

https://x.com/ClassicChaosP