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$UST with $10B+ in $BTC reserves will open a new monetary era of the Bitcoin standard. P2P electronic cash that is easier to spend and more attractive to hold #btc

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Rich then rugged!

@Davidisintown

Mar 14

What is better than? Buying Luna Backed by Bitscoin or buying Bitscoin itself, which is pumped by sold Luna? Both?

Do Kwon

@stablekwon

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@Davidisintown

No luna being sold to build reserves

9:13 AM · Mar 14, 2022Twitter Web App

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You mean you're burning Luna into UST and buying with UST. So you're trying basically printing money out of thin air.

Hans Ong

@hans_emerson

Mar 14

Yup. Ohmies may wish to take note. Won't stop until Luna coins turn into limited quantity NFTs, while turning the printers towards owning a huge part of the entire cryptosphere.

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and

Terra ecosystem offering liquidity to $BTC sellers. $UST safest stablecoin as it’s backed by $BTC. $UST becomes strongest stablecoin in the market. In the meantime, $Luna gets burned. Everybody wins! Whoever doesn’t get this should stick to watching CNBC.

CwizzyABAP

@CwizzyA

May 11

This didn't age well.

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