Earlier quoted context omitted.
It's always possible there's a better way. If you know of one, maybe you can write a proposal? There is always Rust v2. Rust lacks a BDFL and so it's almost like the language grows itself. Chances are, the async model that was used was picked because it was arrived upon via consensus.
I don't think there is a better approach; I think the right thing would have been to lay proper functional foundations to make async practical. I did speak against NLL at the time, and I keep arguing that HKT should be a higher priority, but the consensus favoured the quick hack.
I'm also happy to meet the only other person who had reservations about NLL! :p I have mixed feelings about it, still. It really is super ergonomic and convenient, but I really value language simplicity and NLL makes the language more complex.
I also don't think there's much Rust can do differently in regards to "functional foundations". With Rust's borrow/lifetime model, what would you even do differently with respect to `fn`, `Fn`, `FnMut`, and `FnOnce`?