Clearly the community wants a burn and clearly Do Kwon wants a fork.
Why can’t we combine the two ideas
Why not do a burn down to a desired amount of tokens, let’s say a billion or even 10 billion for that matter THAN do the fork as stated in the most current proposal from Do.
But right now they are hardly burning anything… before we used to buy 5-20 Luna but now new investors own 1 million…
So it is not easy for everyone to give up. One way of doing it is by donating 80% of your coins to de ad wallet in exchange for burning … would you do that?
The bottom line is they cannot burn if there is no liquidity and whatever funds they have… they want to use it for new project. My old £17000 is now worth less than 400 whereas the new investors will invest in new Luna that may likely rise until they continue to HODL and one day sudden crash will empty their balance too… Luna 3 in 2024 May be
Yes, trust in numbers, so I wrote a program to calculate everything and compute projections. I’ve consequently lowered my cost of acquisition such that Luna 2 + Classic + UST need to have a combined market cap of 1.7bn within 2 years to break even. I am quite confident this can be achieved, regardless of which project does what.