In response to Terra’s plan to fork, Changpeng Zhao (CZ) said that the fork would not give any value to the new chain, which is wishful thinking. No one can cancel all transactions, both on-chain and off-chain (exchanges), after an old snapshot.
In addition, Changpeng Zhao questioned where all the BTC that should be used as a reserve is, and asked back, shouldn’t those BTC be used to repurchase UST first? Earlier news, Do Kwon proposed to rebuild Terra and announced the issuance of 1 billion new LUNA tokens.
