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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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Adam Back

@adam3us

Mar 22

where is the $10bil coming from?

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Do Kwon

@stablekwon

Mar 22

It's not 10B today - as UST money supply grows a portion of the seigniorage will go to build BTC reserves bridged to the Terra chain We have 3B funds ready to seed this reserve, but technical infrastructure (bridges etc) is still not ready yet.

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Adam Back

@adam3us

Mar 22

Where did the $3bil come from. Is that real or thin liquidity premined / ICO tokens, that can flash crash to zero on am automated market maker if collateral gets stressed.

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Do Kwon

@stablekwon

Replying to

@adam3us

Also with all due respect sir, I would not describe Luna's liquidity as "premined / ICO tokens, that can flash crash to zero on am automated market maker"

3:07 PM · Mar 22, 2022Twitter Web App

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and

You’re onto the final boss of Bitcoin maxis here…

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and

Also with all due respect imagine being biased against the only organization that wants to buy bitcoin

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and

If you can convince Adam that Luna isn't a scam you've won CT

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@prentic4

Mar 22

The scam is $BTC.

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Replying to

and

Exactly what I was thinking. Though I definitely respect

@adam3us

. But probably will be tough to get a high % of BTC OG’s on board with anything involving another token. Definitely seems as if some are coming around though on this.