@Smspatilspeaks @stablekwon The more supply is burned the more valued the token becomes (less supply) so if they shrink the supply to thresholds until they arrive till 1B target the price will rise steadily
@stablekwon At current market prices if you sell off lfg assets (excluding Luna and ust) you can wipe off 500B tokens out of 6.5T. still a long way to go but the best way, you might need to burn Terra's assets in wallet too
@stablekwon Stop the minting forever, buy off the excess with the reserves and burn them all, then scrap ust or have it backed 1:1 with usd cash like usdc.
Then start over fixing minor stuff to solidify the protocol, if you manage to tackle the price issue as above you regain trust
@CoryParnell3 @IOHK_Charles Both sides had their hand in this, including USA and NATO,... finally Putin snapped, it's wrong yes but to hurt the government you don't need to hurt the common innocent people
@IOHK_Charles Unfortunately there is no distinction between democratic countries and totalitarian governments, they both take the freedom and assets they want, some just take it and others under the disguise of security.
These sanctions only hurt the population not the government.