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1/ Iโ€™ve spent the last few days on the phone calling Terra community members โ€“ builders, community members, employees, friends and family, that have been devastated by UST depegging. I am heartbroken about the pain my invention has brought on all of you.
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3/ Neither I nor any institutions that I am affiliated with profited in any way from this incident. I sold no luna nor ust during the crisis.
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4/ We are currently working on documenting the use of the LFG BTC reserves during the depegging event. Please be patient with us as our teams are juggling multiple tasks at the same time.
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6/ What we should look to preserve now is the community and developers that make Terraโ€™s blockspace valuable โ€“ Iโ€™m sure our community will form consensus around the best path forward for itself, and find a way to rise again.
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Imagine the ATH of LUNA is 119usd with 300m+ supply only But now 6.5Trillion the token will exist YES, but the price will not be the same even for a dollar its impossible now.
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So the plan is to either fix or replace ust and then burn luna to smaller supply, Seems like luna is to stay
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