IF LUNA Forks, what are the plans for the old chain?

General
43

But I would like to see more than us retain value as the “old” LUNA. What problems can we solve? After the fork, we need to be more independent and grow ourselves. Try to reestablish the value of UST. Forget about the stablecoin aspect, but UST needed not be done. It will take bold aggressive approaches, but we can truly succeed.

44

An update. The plan has been added to Terra Station for vote. We are waiting to be added to the whitelist so I am posting it here for now so you an easily find it.

Thank you.

45

Save your breath, these validators are not gonna vote for anything we propose. Validators have to be changed first…

2 Likes
46

I believe due to the current situation even the validators are starting to reconize things need to urgently change. At least I hope so. Bottom line if we do not have a plan in place, then after the 27th (after the snapshot), LUNA(C) & UST will drop and won’t recover, If after that a plan emerges, then maybe theres a chance, if it’s not too late.

The Validators need to see I am not taking thier right to vote away at all, nor is my plan removing them as they are still a vital part of the ecosystem. I’m only proposing to give a vote to ALL holders of the governance Token LUNA(C).

47

Let’s make Luna Classic Rise from the ashes like a Phoenix! If we build it others will come! Let’s fix UST by creating a transparent but over collateralized reserve. I think rather than one large stable coin, we should create 12 independent but interchangeable stable coins (one could be algorithmic). They could include different models, mirrored assets, and different degrees and forms of collateral. This way no one stable coin is too big to fail. Let’s also burn the whale Luna like it’s whale blubber! We can do this!

2 Likes
48

Staking must be reopened and these stolid validators must be vanished. Then, everything will take care of itself…

3 Likes
49

My plan calls for 3 (possibly 4), Stablecoins. Each with different backings from Crypto, USD, Precious metals, and one by the Stock Market is a possibility if its feasible.

Validators are an asset to the ecosystem. That said you are correct that it needs to be opened back up. I want to take the approach that Token Holders get the vote, not just Validators if it can work. I also want to find other ways to enhance the Validator program which I hope to get feedback on.

My plan which is up for vote can be seen here -

2 Likes