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Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full - all there is to it

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Any chance TFL could have a whip round and donate some of their profits from this year to top-up the balance for the UST compensation plan..?

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We are down $30 billion this year

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All but 313 btc was used to defend ust peg

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Are there any plans to release trade logs? Counterparties that were involved, any potential conflicts of interest, the exact details of the OTC blocks? This is one of the major transparency issues that needs to be dealt with given potential VC/board COI.

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We dont control the trade logs of trading partners’ granular trade execution - this is not how MM arrangements typically operate. But the amount of UST lfg purchased maps to the amount of BTC expended.

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Sorry to sound cynical, but this feels like a cop out. This isn't about the trade structure. Who were the MMs you worked with? Did they have any sway over the board? Which VCs were allowed to cash out their UST/LUNA tranches, if such a thing happened internally? Any logs?

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No vcs were allowed to cash out anything - no backroom deals of any kind exist. we are trying to see if we can name counterparties in the trades, but confidentiality will need to be waived for us to be able to do this

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can you give us the burn adress of LUNA so the community can start burn Luna ourself to reduce the supply

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Replying to

Why would you do this Literally burning money

1:16 PM · May 21, 2022Twitter for iPhone

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Economics 101 states that the more scarce the resource the more valuable it is. Burn a few trillion Luna it becomes scarcer and up goes its value. Everybody wins

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Because burning the supply stabilizes the price and helps holders that bought way too high. Why is this concept escaping you so badly…. Burning Luna is the way.

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11201983.eth aka theLastEthxXpender

@CryptoBudNArms

Exactly what I'm thinking.. like why do you even care

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Because people love $luna more than you do, it’s nos just money, its community, its like you have been exiled and you want to go back. $luna was part of daily people lifes

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www.hottstocks.com

@HoTTstockS_com

Replying to

by burning 6.5 trillion luna at least we can get back to $10 - $20 in a short term and a lot higher in long term so people can recover their losses. its not burning money and creating another fork is definitely burning money which you are doing it.

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If you’re abandoning classic, can you not either hand control of it over to the community or implement the tax the community want. We all know that with 6.5T supply the value will never appreciate & the community will never get a quorum on votes that aren’t supported by the team

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I agree, Moon in the hands of the people, the intrinsic value of the community will be regulated as a DAO. This is what this technology is for

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Please humbly, and mathematically explain the hesitation or rather reluctance to burn Luna with some structure. There must be a logical explanation. I can’t find one but could be naive and open to that. Please shed some mathematical light!!

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11201983.eth aka theLastEthxXpender

@CryptoBudNArms

Replying to

Why do you care