1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why. A thread 👇

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.

Was in a no-phone meeting for 2hrs. At least, there is progress. Luna blockchain resumed, no more minting. And deposits, withdrawals and trading resumed. Trading is important for existing holders. Please do NOT buy a coin just because trading is on. DYOR! EXTREME caution!

Thread: some still open contradictions in my thoughts and my values, that I have been thinking about but still don't feel like I've fully resolved.

First time in a tux in my life. Going to see a movie. Let’s bring movies to web3. https://t.co/DKZ2KDsYsh

You can't mint your way out of bankruptcy all the time.

1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.

They asked me if I want to put some make up on before I go on stage… I said no. 😂

BREAKING: President Nayib Bukele announces 44 countries will meet in El Salvador tomorrow to discuss #Bitcoin https://t.co/tQAOENt3op

We are hiring, aggressively. Find where to apply yourself. It’s the first test/filter. 😂

Poor again. https://t.co/88v2U2vjfM

Personal opinion. NFA. This won't work. - forking does not give the new fork any value. That's wishful thinking. - one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges). Where is all the BTC that was supposed to be used as reserves?

Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20% interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy.

6 million reasons to thank you for all your support. 🙏🙏🙏🙏🙏🙏 120 million reasons the fight for the safety of our users. 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏 https://t.co/CNkeOdZdlV

#BNB Chain offers another lifeline to Terra ecosystem projects https://t.co/NA2GAz33fZ

Many people don't get this point. If we didn't push the issue, the Terra blockchain may still be in "halted" mode, or worse with super minting...

Today, 44 countries met in El Salvador to discuss banking the unbanked with #Bitcoin. Bitcoin is inevitable 🚀 https://t.co/GtCQ4um2Oi

1/5. Some interesting updates, full transparency and lead to protect users: As it turns out, most UST pairs were 0 fee to begin with. (I didn't know that, our team had to tell me.) So, not much UST there. We do have...

Reading some comments on Twitter, it just occurred to me that I haven't asked our team if @Binance had any UST. 😂 (I don't have access to our admin backend, for security reasons. I always have to ask someone to get info.) I just asked now. 1/2

BREAKING: Luna Foundation sold over 80,000 #bitcoin, just 313 BTC left in reserves