Now that the LFG (Luna Foundation Guard), has made it public, that there’s very little funds left from it’s reserve, and from their updates, would prefer to compensate UST holders only, starting with the poorest wallets, is ok by me. However, The Project team should know, that right now, majority of the UST holders are no longer interested in sticking with the project. This means once they get their compensations, they will feel lucky and excited to flee the system.
LUNA holders on the other hand, are the life force of the project. From most of the proposals I’ve read so far, none seem on a hurry to get their investments back and flee, with a good number vowing to stick around even if they get nothing back, provided the current system is revived without the need for a fork. I am one of this category of people.
So, if the Terra Team feel obligated to settle UST holders, which I think they do, their biggest mistake however, would be to ignore the global LUNA community who had to sacrifice their life savings so a group of other people would exit the system.
I am ok with settling UST holders, but a comprehensive plan needs to be put in place and fast, to restore confidence in the system by paying attention to the LUNA community. There are a couple of good proposals on how to redeem the system without the need for a fork. It takes intelligent and smart people to build this system, so I believe this same folks can fix this mess, it would have made sense to focus more on reviving LUNA from which the others can be settled in a win win situation. I believe DK can do this. You have the intelligence and the team to do this. Listen to the LUNA community, go through some of the proposals which I believe may not be perfect, but will without a doubt, prove helpful. You can even modify some of these proposals to make it even more effective.