It is hard to distinguish bad actor vs real holders.
Lets say, I end up excluding big holders saying they are manipulators.
There is a good chance of a lawsuit against me by one of them who can prove in court he was a good actor (may be bad actor generally).
Team can’t do something like this.
Take snapshots of purchases of old tokens, distribute new tokens to those who have not sold them yet, in proportion to the cost of the purchase
Exactly. We can only classify the people into two parts here
How does it makes me evil, if I bought from offchain and not onchain, and what if I am a speculator? How can you prove that? It is not decentralization we are going after. You can’t just randomly tell people they are speculators or not.
People are not taking rational decisions here.
Are there any privilegied Luna’s friends selling/buying right now ?
While all the others are imploring not to be forgotten ?
Totally agree with this. I moved my UST out of fear to Kraken and now is sitting there. What should we do in this case? I feel like someone robbed me out of my savings. I lost money before with certain coins, but it never felt this bad because I knew that could happen, but this was supposed to be a “stable coin”.
That’s not working. Even the regular markets can’t do this if there is a down-swing like in several crisis. Investors always responsible for their investments, indepentently if the buy at 100$ in LUNA few days ago, or in 0.00001 few hours ago.
Your main target is to bring LUNA and UST back in regular way (even it need years). If you rewind to a certain day days before you will undermine general market rules, the trust in crypto markets and this will cause a huge damage to all other project, besides some legal violations.
So, improve your algos, get back trust of all investors and regain value through consistent rebuilding into the market.
you can call who ever you want bad actors, the panic sellers, the greedy opportunist, whatever, here is MY STORY : never hold more than 25 ( that i bought at 70$) Luna that were delegated for the long run, was planning on buying more.
On 11th of May i was like, yes fair enough that shits happen in crypto, but i won’t throw a penny in it !
on 12th of may i understood that it wasn’t a two or three day little problem and i saw the price of Luna decrease as i could’nt think it was even possible.
THEN, as i’m here for the long run, i said myself, noway they can let this coin disappear and rugg all of this small investors. Followed all the story, the potential Blackrock Citadel thing, Do kwon writting that they were deploying capital and so on, then when Binance disabbled futures and leverage, i thought “Maybe there is some hope coin could start to recover in an healthy way…”
So here it is i’m standing on top of a +10M Luna bag, that it wasn’t that cheap, for those who will judge me as someone trying to get millionaire overnight, please go hell, to the others love and support.
Felix
I also moved my UST from Terra to Kraken in a panic. I did not sell it so it is now stuck in Kraken. So we should at least be given the opportunity to move it back to a Terra wallet if there is going to be any redemption. But for that to work trading of luna and UST on exchanges must be stopped, otherwise people will just keep buying it for redemption.
I have my UST as “UST-BUSD LP” tokens and they are staked on PakeCakeSwap. Will I be counted in as UST holder then?
Personally, I think this guy’s proposal is the fairest and most effective for UST holders.
I agree off chain holders should be included. Why would you want to exclude them? Is it just that its easier for the developers to manage the reimbursement process on chain? Surely there could be some workable solution off chain.
Currently we can’t do this since the network is halted. I am also very worried about my bAssets
How about the revived version for LUNA? Many people talking about reviving LUNA & UST as a collateralized stablecoin, However I think it would be great to launch as an algorithmic stablecoin to regain trust again [Proposal] Revive LUNA (RUNA) with new Airdrop, with the focus to heal grassroot investors and to regain trust for Algorithmic Stablecoin ecosystem
I would like to understand what is going to happen to the bAssets and other tokens that currently may have a value in other chain. Will be possible to bridge them out?
In any case let Luna live and scrap UST. If done this way, Luna/UST supporters on exchanges that came in to hold during the attack and held Luna/UST on spot until the end should be given the same benefits as the long term holders, 40%. These are people that did not even bother to take profit or cut losses but held on to the end giving everything to support disregarding all the warnings as they believed in the project and wanted it to survive. I personally sacrificed my entire trading account in support of Luna while people were laughing at me for doing so.
Luna to the end
Not discriminating at all, but coming here to complain and pretend you were a selfless hero trying to save the world while just being greedy and selfish and then losing money is not the way to do it.
I have put forward a proposal, hope you guys read this
@TerraBuilderAlliance : Simplest & Fair Proposal
You can easily scoop investor’s buying/selling activites from various exchanges to know at what price they bought LUNA & related coins/UST - & just only refund that amount (irrespective if they can profit or were in loss). This is not only fair, but will 100% reinstall the trust in TERRA as an organization coz no one will lose in this model - not even TFL, anyone.
are you saying that LP providers on other chains should be left out?
This also sounds ok, or let the holder
Provide transaction hash yourself? But don’t know if it’s feasible
Sounds like a lot of money, or a busy confirmation job