CZ from Binance got a point about forks

Do they really think they can fork BTC at the snapshot on Nov 18, 2021, and the new fork will have the new BTC at $68,000 (the price on that day)?

https://mobile.twitter.com/cz_binance

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Ofcourse not and they know it too. The very notion of fork here is to steal money.

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Correct

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Its same with fiat money. If you want to reduce supply then burn/take money out of circulation. You don’t create a new money by taking snapshot from an earlier date when circulation was low. This approach is a clear act of theft.

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Why does it seem that cz is repurposing beter ideas then terra . A actual moving forward idea. I even purposed a transactional burn instead of a supply burn, the supply burn can be done by removing the remainder or in the beginning . Just create a higher spending gas fee and send fees over to 0x0 for a year or so . This will already be a much beter idea just giving back attackers their money and say behave now

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Do needs to raise money from investors or take loans and personally pledge his personal assets to make us whole.

Him sitting pretty while we are suffering won’t end well.