Please see the edits in my previous post.
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You can see the error message, they turned off after block 7817596.
They are not going to turn on unless we vote to get that back.
âWe need cooperation from enough of the existing validators on the classic blockchain to roll back to the previous version of the terra core software in order to undo those restrictions.â
Has the waters been tested to see where existing validators stand on this? I would love to lend to the Validator side of Luna Classic
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We must pay attention and see the evolution of things, the v2 has already failed, in 2 weeks it will be below 0.50 cents
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11 This is what is happening now, $6.5 trillion is being governed by $370 million, there is nothing we can do, the votes are controlled by them, we canât get a response from them to the proposals we make, we canât do anything.
Itâs a cycle, they control the vote and we canât pledge the vote to gain control without passing a proposal to lift the ban on pledging.
Is there true decentralisation? At least on this project itâs not.
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The OP has been trying to contact and persuade validators, but it is not easy to contact them or get responses from them apparently.
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Proposal # 7 ( Old Luna Solution (LUNC) - Community Help) under deposit tab at governance on Terra Station.
Need support from community.
They are cheating, this is not a democracy.
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People can still vote, just change over to the Classic network to see the proposals, Just google terra how to change network to classic
the new wallets cannot be used to vote, even if you spent millions of luna at the voting, it will not count as votes at all. it will be a waste of money.
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Another thing is about Anchor, we donât need TFL anchor as centralized anymore. We can invite Crypto Exchanges or Banks to become reliable anchors. and we can contact noteable Anchors like FinClusive, to take anchor services on Terra Classic.
The community must vote to agree with high-quality financial institutions and financial technology companies around the world that are able to meet or exceed the following criteria.
When issuing assets (TOKEN for Anchors for fiat currencies)
- All customer deposits should be held 1:1 in reserve in insured accounts dedicated to stablecoin redemption;
- Issuers should engage a third party to audit whether the stablecoins are backed one-to-one with fiat and whether the fiat funds are held in dedicated accounts;
When creating an on/off-ramp
-
Deposits and withdrawals should be processed through local domestic payment rails (ACH, SEPA, SPEI, etc.), not via wire transfer
-
Anchors should maintain a customer support function to ensure customer queries and/or problems are resolved in a timely manner
-
Anchors should maintain a comprehensive AML policy and program, including the ability to perform KYC checks on new customers
For all locations where an anchor makes their services available, they must comply with: -
Regulatory, registration, and licensing obligations to perform the anchorâs financial and money transmission services
-
Financial crimes, anti-money laundering, and counter-terrorism obligations
-
Data privacy rules and regulations;
-
Industry standard cybersecurity practices;
Anchors also need to comply with U.S. sanctions as well.
Examples of active anchors on the network:
- Tempo Money Transfer (EURT)
- Cowrie Integrated Systems (NGNT)
- Settle Network (ARST)
The anchors will help our classic users to withdraw into fiat directly via anchor through ACH/ZELLA, SEPA, SPIE or check. Exchanges like Binance, and Coinbase act as our high-quality financial institutions as Anchors.
Yes it is possible for anyone to spend LUNA and go through the motions of voting, but only votes from delegated (staked) LUNA are counted by the governance system. Votes from LUNA which are not delegated are ignored (and the network fees for voting are wasted).
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What can be done to make staking is active again?
A plan that the validators will agree to vote yes to. I am building up a list of validators and trying to make inroads with them to discuss this further. Will be attempting to put a new plan once I have more support from them hopefully soon.
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Post the link, I would like to read it and vote!
They wiped out all the old proposals hiding them and broke their links. Once I get access to the terra station version 1.0 I can start the process.
Until then I will be updating this thread over the next few days with more details as well as open a new thread with the official plan launch.
I also set up Discord, Telegram, and am using my Twitter account as well. All linked at top of this thread.
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They didnât wiped out anything.
All proposals are there .There are simply not whitelisted.
Not a single proposal has been whitelisted EVEN i made myself a pull request on their github like they demanded.
There you can see how much their care about decentralization and communities proposal.
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Sorry that was a poor choice of words to use.
Essentially they bulldozed over and built Terra 2.0 on top of the old Terra 1.0 covering up all the old governance. Theye are atill there somewhere. But all the links we had posted to them were disconnected.
I know there is a way to switch Station to Terra 1.0 from 2.0 (and vis versa), but as a mobile user I do not have this option currently. I have been in contact with support.
Also my plan was whitlisted already that shouldnât have changed