1/ The only bankrun that happens during bear markets is on my time
The cost to saying made up clickbait is close to none:
1. Likely stablekwon won't respond to it
2. Maybe im right
3. Even if he responds and I'm wrong, I get more engagment
Conversation
2/ twitter.com/JackNiewold/st
Luna does get burned 1:1 with UST minted - all you need to do is to try to do it yourself
Go to the "swap" section of Terra station, mint 100 ust, and check out supply changes on the dashboard section for Luna
But of course he didn't try it
Quote Tweet
1. 'BURNED' $LUNA DOESN'T GET BURNED
Previously if you swapped $UST for LUNA, it would burn $LUNA.
NOW, if a user creates $UST, some percentage of the LUNA is used to buy $BTC.
Obviously, this creates inflationary price pressure on $LUNA.
Show this thread
32
65
967
Are there on-chain txns that show what happens?
Would rather see a block explorer than a dashboard.
2
11
Any response to this?
1
2
There u go
Now download station and you try it
Quote Tweet
On the code: twitter.com/zmanian/status…
Show this thread
Sorry, but this is just some snippet of code that says “burn” but it doesn’t show what goes in behind the scenes.
I was hoping for onchain txns so that I can verify the claims from both ends. Maybe I’ll check it myself over the weekend some time
3
9
