Hi there,
sorry for off-topic but does an account need to reach a certain age to create a topic? I’d like to start one but I can’t see how?
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You need to stop blockchain immediately, this will allow some time for optimal plan of action without people trading on thin air. Get @Nikola-HydraChain and Cz and other teams together to get protocol changes for vote
So i’m trying to understand 10%,
Lets say i bought 5 millions Luna coins after the depegg, the 10% is on top of the 5 millions that i already own…? Please someone explains this.
Thanks
UP make heard your voice on twitters guys
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Im not 100% but i think maybe 10% of your 5 mils.
100% … They need to officially announce first a date and time when people need to stop trading anything before this date and time should be included as much as people who bought high. It sucks for those who lost 99% value but thats how it works , some get in cheap others get in at top, personally iv done both with luna. I lost 99% but i also seen the need to buy the bottom to re coupe my loses and new there was a possibility that we might have to start from bottom again.
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Thanks
I could only support a fork if it went similarly to ETH and ETC. When Ethereum was forked, the old tokens still existed and in this case, the “classic” LUNA could be fixed over time.
they, the old leaders gradually to the disaster of Luna are looking for a fork to regain ownership after running away and fooling all the investors and former holders. They continued to trick new holders into trying DCA to save Luna. Get rid of the fork option immediately with all your might, and boycott Luna v2 if it ever comes out because they’ll be printing Luna 2 and taking advantage of the community again.
The most important question right now: Where are the Bitcoins and Luna’s reserves and the Luna leaders are responsible for the destruction of the reserve and decided to print Luna on these investors.6
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Please consider, this is not a wishlist-party!
But a finanicial and thus legal issue.
Any attempts to treat holders of Luna or UST differently, be it stakers or developers or whatever kind of holders, no matter what time, would call for legal action.
Also You cant just swap your liabilities to something else, be it a different token with different economics or whatever. This is not Minecraft-development, where everything is possible. I think You now have experienced why You should ask a lawyer on that matter, not a developer, at least this time.
Why are developers bailed out twice, in two different bags?
They are paid for their job, if their not, its their own fault. Maybe they are also holders of tokens. Then why treat them differently?
Also you cant just start from scratch and leave people rekt. I understand this would be nice for developers, but you owe people! I dont see you abandon everything and just start something new.
Kill UST for a while. It´s the part thats not working and crushing everything. Rebuild. Bail UST holders out over time and if you find a stable way then even restart UST.
And start burning Luna for christs sake.
This proposal looks like a developers wet dream but its far from all legal realities and lacks responsibility. It wasnt me as a holder (LUNA on CEX) who messed up the algos!
I dont want to see developers in a jail cell. I want to see them start rapairing the damages (UST and LUNA) like their lives depends on it.
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CZ:
"Personal opinion. NFA.
This won’t work.
- forking does not give the new fork any value. That’s wishful thinking.
- one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges).
Where is all the BTC that was supposed to be used as reserves?"
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I have a proposal.
I hope you see my comment.
First of all I dont know if my proposal is feasible.
For Luna
/1 cut the full supply when Luna reach $1
/2 supply above 1$ will remain their amount of Luna but to make it fair. It has have an a distribution algorithm where you need to find out how much of Luna was this holder bought in Cex or in wallet. By using the historical data when supply increase and the date was this Luna bought.
/3 supply below 1$ will receive btc equivalent from what Luna price now.
For UST
/1 Pull out all the ust and Give them Luna. 1 : 1
Burning
/1 Burn all the excess amount of Luna.
Revival price of Luna
/1 Start all over again with $1 price of Luna.
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I withdrew my UST to binance and waited for Do Kwon’s responses on twitter… but all he did was kept silent…
So i ended up selling 50% of my UST holdings at $0.2 …
and now he’s still silent!
my remaining 50% UST are still in Binance now… will I be covered?
if you start at $1 price for Luna, there will be a high possibility of people dumping their Luna as well… the old holders and new holders and price plunges again.
To curb that, new incentives should be added AND there must be actions and commitment from the Terra team and CEXs to restore trust to the Terra and Crypto community.
Like what I’ve said. There should be a fairway of distribution of Luna. Developers needs to work hard for this.
Let say Luna price before attack close to $60.
After attack I bought Luna at $30
So distribution between me and the $60 holder will be different.
The same thing for those who bought now which price is a fraction.
If you sold at .2 then Luna has to compensate the 80% of your lost. Ust holder has to have 100% compensation bec they trust this coin as a stable coin.
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Everyone definitely wants a 100% compensation for their UST, but then its really difficult to get that back… Doubt they would be able to raise a large enough capital to compensate… I would rather get 60% compensation than nothing at all.
I totally disagree with this idea.
UST Holders need to be compensated by stable coin not governs coin.
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this is a very childish idea.
UST peg can easily work if withdrawal rate is limited, it is over collateralized with luna taking volatility into account, offering additional APY during depeg events based on amount of depeg.
high UST withdrawals are stupid, as most of it is supposed to stay in to keep the peg secure.
The TerraRescue team announces a project to solve three problems.
- Save Terra Network without forking & burning LUNA coins.
- Restore the LUNA value as of 5/6/2022 6:00 PM ($80.59)
- Restore 1:1 parity between UST & US dollar.
An extraordinary event requires an extraordinary plan. Please follow us at the Telegram @TerraRescue
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