Is today really the day when Terra sells #BTC in the face of investigative pressure from the Korean government, what will they do next, compensate for the damage or buy #Luna to burn?
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4/ Now the important part.
To lead by example on PROTECTING USERS, Binance will let this go and ask the Terra project team to compensate the retails users first, Binance last, if ever.
Binance (after a 5 min discussion) fully support this proposal. 👇
https://t.co/QnMx8aZ09A
The design flaw: minting coins (printing money) does not create value, it just dilutes the existing coin holders.
Incentives doesn’t create value. It is just a bootstrap mechanism.
Build products people use.