Conversation

$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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Hisoka

@lunatichisoka

Mar 22

To all the ones frustrated reading this: Don't be. It's good. It's a brand new type of audience who is learning about this stuff for the first time. They'll start skeptical. Accusatory. If they keep an open mind, they might recognize the genius of it all and get on board.