I completely agree. We need to move forward. Set up a company or foundation, have a domain and a website. Many people and companies want to get involved and need to be given the opportunity to work for a common cause.
Many things can be done immediately, regardless of the outcome of Prop 1866. How can I help?
A response to this proposal. We cannot support this. Quickly is not an operating response with this community. It thinks fast and moves slow.
TLDR @Deathstar_Daddy doesnât have the capabilities to be a leader. His plan is nothing more than a set of good intentions. I keep asking specific questions, and he keeps throwing words, but no actions. So far, the only action is that he is buying back Luna, which at this point is nothing more than a gamble.
He doesnât have the capital, the connections, or the technical knowledge. Letâs review his plan and see what he is actually doing:
Part 1
Step 1: Work with TerraLabs on the ecosystem transfer into a Newco
He didnât set up this Newco. He doesnât have any connections with Terraform Labs.
Step 2: Form a solid team.
Again, he didnât set up a Newco. He is not prospecting any candidates. He doesnât have any connections to attract new talent.
Step 3: Forming relationships with the Large CEXâs, financiers, and funds
Again, he doesnât have any connections to form any relationship.
Part 2
Step 1: First thing that needs to be done is set up a 3% tax on all LUNA(C) & UST transactions.
He doesnât have the technical knowledge to do this by himself, nor have a dev team to do this for him.
Step 2: Repeg UST
Again, lack of technical knowledge to set up the burn/mint mechanism of UST/Luna
Step 3: Monitize UST assets for future profits. buying at the beginning of Bull runs while prices are lower then selling as we enter bear runs
Now he wants to predict the marketâŚ
Step 4: Seek funding
He doesnât have the connections with any investor or VC
At this point, it is clear what I mean by having capital, connections, and technical knowledge. And he doesnât have any of this. But he still insist in being the new LeaderâŚ
I already pointed out that I donât agree with step 3. Apart from that:
Someone has to make the first step. From what I read from him, he is only managing the creation of a new community, and someone has to do that.
âFrom what I read from him, he is only managing the creation of a new communityâ
So, you are not sure either??? XD I think that if he canât properly communicate what this whole leardership thing is, he probably isnât a good fit to manage the community, right?
From his original post:
"I am proposing not only a solid (imo) plan to fix, and revive LUNA(C) & UST, but to further build and enhance the ecosystem. I want to help this pheonix rise up from the ashes and soar high above.
I am further proposing a leadership change. I am inserting myself to lead LUNA(C) & UST. I am doing this as Do Kwon & TerraLabs will obviously be busy with the new LUNA coin ecosystem they are building from the fork."
âSomeone has to make the first stepâ And what is he actually doing? Why there is no webpage? No new Twitter account? No discord. No nothing. He isnât doing anything. And if he is, he isnât properly communicating it, which again, shows that he is not a good fit to be a leaderâŚ
First do kwon donât disclose BTC transaction id which was meant to reserve in case of emergency 80k BTC vanished in thin air and no one dares to sue do kwon
The plan is great and very detailed.
As for leadership. Many people are questioning leadership ability.
Just listening to the community is an act of leadership ability.
Remember that the current leader of LunC is DK. The man who on 12.05.2022 told me on twitter to buy Luna because he was taking action and that he would recover. Then it said in the proposal that it would take snapshot at the last stop, but after the vote reached the quorum, it changed the proposal during the vote to withdraw the last stop and take snapshot on 27.05.2022 with offer of 6.5 Tri. The man who doesnât listen to the community and not even CZ. The man who buys the validators before the vote. The man who only makes stupidity. The arrogant man who despises us.
Is DK a good leader? Nothing is worse than the DK.
Apparently he has also created a number of âfake accountsâ that are being used to create a false sense of community support and attack all critics.
What has happened so far is that someone took the initiative to manage stuff regarding Luna(c). That someone has posted his ideas, received feedback, adjusted the ideas and so forth. The whole process started a few days ago. I donât see whatâs wrong with that, everything is new.
If you donât like that there is no website, everyone is more than happy if you step forward and create one.
Why are you even bothering giving serious explanations as to why he isnât a good leader to this sheep community? It is evident heâs only an incompetent by the lack of technical data and numbers in his walls of text, and probably a troll to be honest. But this is the same people that idolize CZ because he claimed heâs pro burn, without realizing he only said it for his own interests in attracting community and devs to his own network; these people donât question or doubt anyone, as long as they see a jumble of fake big words they barely understand but apparently favoring them, they go lick that personâs feet. Thatâs why we have the politicians we have I guess.
A few this to point out about your plan.
First Iâm glad to see you taking the time to detail LUNAv1 so there is no confussion about which coin you are addressing. I have seen other plans that did not and it makes it harder to take them seruously (I use LUNAC = LUNA Classic).
However are you planning on Forking UST? I ask as you use USTv1 & USTv2, and there is no plans currently to fork it.
Regarding the Algorythmic system I think we are pretty much saying the same thing just saying it differently. I HAVE no plans on restarting the current system and have specifically expressed that. I even go on to say if a fix cannot be done it will be shelved.
We both seem to understand the value of this symbiotic relationship between the two coins, and agree that if done right it can work very well.
We both discuss the importance of having controls (Gatekeepers) in place to prevent another attack, and prevent any dillution. Again I go into detail about this.
We also both have plans regarding opening up voting to the (currently 6.5 Trillion) holders of LUNAv1.
We also both agree reducing rewards to Validators makes sense and helps build stability to the project.
My issues are that your plan seems to be built more of if the Forking plan fails. It also addresses debts, bankruptcy, and funds for USTv1 holders. It supports that the current company TFL will continue in its role to continue leading LUNAv1 & UST including Do Kwon himself unless he remains persistant of wrecking more lives???
Sadly the Forking plan looks like itâs a done deal. But with a plan in place that could be a good thing.
Why I say that.
The New Coin will take care of hopefully all the debts of Old UST holders. According to my plan if the new coin is even somewhat successful they may even profit.
So that means we can work on helping LUNAv1 holderâs. That said in the event that old UST holders are not full, I support a fund to do so 100%. They didnt buy a Token with risk in mind, they bought a stablecoin for the protection of $1 always being $1.
Debts. What debts do you expect there to be? Most financing was collateralized wheras the lenders recieved Tokens in exchange for funds.
Bankruptcy. Who will be filing bankruptcy? TFL? The only way that will happen is if UST and old LUNA investers are not made whole, in which case there will be lawsuits. And even then itâs not likley but is possible. For this reason it is important to separate and form a new Company. This protects the future of LUNAv1 & UST.
Now the real threat here is all the legal battles that can lead to actual charges to Do Kwon and TFL. That could destroy not only TFL, but any and all coins associated with it. They will drop to 0. This would undue any and all work we have done with these plans we are presenting.
Do Kwon needs to be removed from any leadership role on LUNAv1 coin and by extension TFL. I believe him to be an asset and maintaining some form of presence, however he has ALREADY destroyed enough lives to warrant his removal.
The reasons I listed above are why we NEED to be a separatly run company outside the TFL umbrella.
Overall itâs a good plan. Some key issues are not being addressed, and as I said it has many similarities to my plan.
You seem to be concerned with the speed of my plan?
First I said time is of the essence, but to put a stable plan in place, one that will turn this around and address ALL the deficiencies and issues regarding version 1 ecosystem. That plan needs to be approved when the forking event occurs. This is to help keep LUNAv1 & Ust listed.
However rushing to fix without doing any due dillegence is reckless and dangerous. The simple solutions can be done in haste but the more complex ones like the algorithmic issue for example needs time.
Im using UST to build vslue for LUNA(C) not to compensate old UST holders. That is a bonus for them if they continued to hold.
Is that twitter post still up on Twitter by chance, or did he delete it to protect himself? If you can show that then we have ammunition to derail his current fork plan as at the very least snapshot dates NEED to be altered and or abandoned altogether.
If it is on Twitter Screenshot it now as itâs likely to get deleted.
Also depending on how much you invested getting legal assistance to recover your lost investment would be recommended.
Can you point me to the gatekeeping part of the proposal?
Thank you and you are right we are all new to this.
Everyone is focused on my lack of developer experience. What people fail to understand is that this coin is already developed and needs someome who can lead this coin going forward. YES it still needs development to fix the issue as well as maintaining over the years to come and this can be handled by a team.
Interesting fact is that about 85 percent of all new crypto coins fail within the first year, coins RUN by developers. Of the remaining 15 percent more fail over time, and very few of them are ever successful.
This leads me to the conclusion that while developers are the most important role in developing a new coin, their role going forward is not. Clearley someone with the vision, and who knows how to get things done is. Donât get me wrong, having a team of developers is still one of the most important pieces of the system, but there is so much more that needs to be done to be successful then coding. Also there is only so much time in a day. Do they want their leader busy working on the code or busy dealing with restoring the ecosystem stability, confidence, maintaining listings, getting financing, and so much more.
Do people really believe Elon Musk, a very good software engineer knew how to build cars? Yet Tesla is one of the most valuable car companies in the world and he is the richest business man on the anet. Iâm sure he also didnât know how to build a ship capable of travelling to space yet here we are.
Donât bother to reply to this guyâŚsuch a patethic
Guys, has anyone actually looked into this guy? There is no background in Tech, Marketing and Finances. This guy is a supervisor at a taxi company, the link to his own âcompanyâ returns âThe server requested authentication method unknown to the clientâ @ http://rednewyork.com
Social links:
https://www.linkedin.com/in/jonathan-fry-3424003b/
The last 2 paragraphs on the above quoted text. I also go into much more details on a recent comment which I plan on adding to the plan.
Not even sure what your point is other than pointing out I am alive?
BTW I moved up to manage that major taxi company at the end, I donât use LinkedIn so it was never updated. I also moved on from there due to poor ownership, but thatâs another story.
In my time there I was also the lead technition and responsible for helping implement the first mobile Credit/Debit payment system in a large taxi fleet. I also helped install the first tablets into the same fleet a few years later, using GPS technology, and using a digital communication system that connected the payment terminals and tablets to our headquarters, via radio frequenies, as at the time mobile data was new and very expensive.
I was also managing our in house computer servers and terminals, along with our software that we used to communicate with the taxiâs.
My experience Leading dev teams was built here as I managed multiple tech teams from many different companies that helped all our systems work together. These included hardware, (4 companies), software (1 company), communications (2 companies), also had to deal with levels of goverment as we were using radio frequenies to communicate. I also had my own in house team that I managed who helped maintain and repair our terminals, servers, and provide over the phone tech support to a large fleet of drivers.
Now the good stuff. I was also on the team that helped implement the first taxi ride sharing app in our city (Toronto), which was basically like the Uber app in the early days. We did this ahead of the impending Uber invasion to try to maintain marketshare however due to government regulations on fixed taxi rates and ALL lack of any on uber they undercut us severly.
I also built websites including a search engine called Redtoronto and ran a company by the same name focusing on website development. Competing againd Google & yahoo (kinda), was an impossible feet and my search engine was one of the last to go offline due to Google dominence.
Also what is the issue of being an actor? Many great leaders were in fact actors at one time. Most notably Volodymyr Zelensky went from being a comedian to becoming leader of Ukraine.
So no Iâm not a coder or developer, but that does not mean I do not understand tech. I also di have a better than average knowledge on blockchain technology.
You donât need to keep proving yourself as a person, Those who say bad things about you, donât understand anything about UST or LUNA, and will be the first to enter, because they already want to, theyâre just afraid and want to validate your person in cerbero their .
Focus on those who want to help you fulfill the proposal.