Since the Terra labs do not listen, as burning Luna is the most viable option, we can show them it works and start the burn process ourselves.
Terra does not work fast enough, many investors have too many coins and could be willing to slash their holdings to jumpstart the burn process.
Send any excess BTC or LUNA, which you wish to burn with transparency. 100% transparent bookkeeping. Hall of fame for most supporters and more.
This proposal is useless. The Luna team needs to save Luna. If the Luna team isn’t willing to do so, then why should we burn our coins ? Luna needs to buy up the coins and burn them. There are many ways they can do this. If they are not willing to do this, then there is no trust in the team and a new team needs to take over the Luna network by forking away from it and then continue to buy up Luna coins with the fees generated by the network and burn them.
Burn $UST, not $LUNA, that is the answer. $LUNA comes back organically when excess $UST is burned [Proposal] A Better Way Forward™ = TFL pays back $UST by burning excesses, NO FORK
Yea I thought about this too but it is true, if the Luna Team doesn’t do the burning they will just mint billions more coin after we burn our small savings. They need to do the burning.
I think either of them or both at different rate, to get the ratio between them back.