1.

I will get a lot of hate for this.

I'm voting no on the Terra proposal to allow more mint & burn.

This proposal will not create exit liquidity, it will create an inflationary death spiral for $luna.

The people who delegated $luna to me will get dilluted to death.

2.

Terra as a blockchain has some value. There are a lot of innovatives protocols with great UI and UXs.

Right now $ust represents debt on that value. There's over $17B of debt.

It cannot possibly service that debt, it's mathematically impossible. It's bankrupted.

3.

Trying to do so will make $luna go to nothing.

It will diminish the value of every protocol built on it.

If there's no upsides & incentives, people will abandon them.

4.

$ust is debt, theses protocols are the only things of value right now. We need to protect them or it's all worthless.

When a company goes bankrupt, a proportion of the debt is forgiven. This needs to happen, aggressively.

5.

We need to create an obsolescence program for $ust and retire it.

People need to take a deep haircut while converting to $luna. Everyone can get the same share.

Otherwise it will all go do 0.