# NO FORK- Buy and Burn **URL:** \ **Category:** Markets and Macro\ **Created:** [May 14, 2022, 3:08pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237 "2022-05-14T15:08:35Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![tfworl](https://avatars.discourse-cdn.com/v4/letter/t/ee7513/32.png) [@tfworl](https://classic-agora.terra.money/u/tfworl)\ **Post date:** [May 14, 2022, 3:08pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/1 "2022-05-14T15:08:35Z")
We all get FORKED if they fork! Then there will be anger and lawsuits for years. I personally will abandon our project we’ve been working on and go to SOL. Everyone can make money if the Buy and avg down with Do and the Team promoting their support of Terra as it is today! How can anyone be mad if they can buy for less than a penny and it’s trading at $1 next week?? Turn a bad situation into a great story, just indexed at a lower price!!! But it’s even bigger than that. The entire crypto space will be damaged if this happens. Do needs to get in the trenches with us and buy next to us. Or else it feels like the big guys screw the little guys again!!! My Opinion ---
**Author:** ![deniswithin](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/deniswithin/32/6372_2.png) [@deniswithin](https://classic-agora.terra.money/u/deniswithin)\ **Post date:** [May 14, 2022, 5:34pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/2 "2022-05-14T17:34:19Z")
exactly, even CZ suggested that they burn, instead they ignore the community’s proposal which 99% of them supports simple burning mechanism to deflate things! ---
**Author:** ![imsamtar](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/imsamtar/32/5196_2.png) [@imsamtar](https://classic-agora.terra.money/u/imsamtar)\ **Post date:** [May 14, 2022, 6:13pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/3 "2022-05-14T18:13:52Z")
Absolutely! Buy back and Burn ---
**Author:** ![deniswithin](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/deniswithin/32/6372_2.png) [@deniswithin](https://classic-agora.terra.money/u/deniswithin)\ **Post date:** [May 14, 2022, 6:17pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/4 "2022-05-14T18:17:29Z")
Yes, I mean look at CZ new tweet about Luna! ---
**Author:** ![Nubits](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/nubits/32/2200_2.png) [@Nubits](https://classic-agora.terra.money/u/Nubits)\ **Post date:** [May 14, 2022, 7:17pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/5 "2022-05-14T19:17:59Z")
Nubits did it for year to try recover pegs… but its failed …it only few milion $ to bring pegs back but… so who will spend bilion $ for ust ?😀 ---
**Author:** ![HelloThere](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/hellothere/32/3567_2.png) [@HelloThere](https://classic-agora.terra.money/u/HelloThere)\ **Post date:** [May 14, 2022, 9:39pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/6 "2022-05-14T21:39:56Z")
Check it out then. You will like this proposal. > [@\[Proposal\] BURN and REMEDY fee with each LUNA transaction pill](https://classic-agora.terra.money/t/proposal-burn-and-remedy-fee-with-each-luna-transaction/12176): > > PROPOSAL #1273 — LINK: [Terra Station](https://station.terra.money/proposal/1273) Summary open_book Based on our volume which is around 3B $ (last 24h) at the moment if we implemented only 3% burn tax on each buy and sell transaction we could burn around 300,000,000,000 LUNA at the time of writing this proposal (I took price of 0.0003). This burn tax could be a measure put in place until the supply is low enough for us. What More star_struck You could even implement temporary 1% of the volume going to the people that lost money … ---
**Author:** ![tfworl](https://avatars.discourse-cdn.com/v4/letter/t/ee7513/32.png) [@tfworl](https://classic-agora.terra.money/u/tfworl)\ **Post date:** [May 14, 2022, 9:43pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/7 "2022-05-14T21:43:13Z")
I think maybe you are on to something, but maybe a tweak or two. Dedicate the 1% or even 1.5% tax to auto buy of UST?? I do think UST can be saved at the same time. So we buy buy buy and burn burn burn LUNA and UST will follow. This is what the market wants!!! Look at the charts right now, people have hope, just need to team on board publicly and it will MOON! ---
**Author:** ![HelloThere](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/hellothere/32/3567_2.png) [@HelloThere](https://classic-agora.terra.money/u/HelloThere)\ **Post date:** [May 14, 2022, 9:45pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/8 "2022-05-14T21:45:14Z")
Thanks 😃 I’ve made this thread to discuss and create solution that will work for everyone. Check it out and propose some changes there 😛 Everything will be included in the thread. ---
**Author:** ![fedematto](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/fedematto/32/5760_2.png) [@fedematto](https://classic-agora.terra.money/u/fedematto)\ **Post date:** [May 14, 2022, 10:09pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/9 "2022-05-14T22:09:14Z")
I think it’s a good idea. Let’s do some math for reasoning purposes: assuming a medium 24h trading volume of 3 billion $ (3G$), the daily burning of supply, at 3% burning tax, would be 90M$ that, at 0.0001$ price is 900 billions LUNA (900GLUNA). The total LUNA excess supply is 6.5 trillion LUNA (6.5TLUNA). How many days to burn this excess supply? Let’s see: 6.5TLUNA/900GLUNA$/day=7 days is a theoric time for burning the excess of supply. A reasonable time… If the LUNA price is 0.0005$ (today price) the burning time is 5 fold shorter. Right? ---
**Author:** ![HelloThere](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/hellothere/32/3567_2.png) [@HelloThere](https://classic-agora.terra.money/u/HelloThere)\ **Post date:** [May 14, 2022, 10:10pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/10 "2022-05-14T22:10:35Z")
You mixed supply with the cost of one LUNA I think. ---
**Author:** ![twisty](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/twisty/32/6826_2.png) [@twisty](https://classic-agora.terra.money/u/twisty)\ **Post date:** [May 15, 2022, 4:00am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/11 "2022-05-15T04:00:06Z")
Forking will only benefit the VCs the rest of us will get screwed over HARD. ---
**Author:** ![deniswithin](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/deniswithin/32/6372_2.png) [@deniswithin](https://classic-agora.terra.money/u/deniswithin)\ **Post date:** [May 15, 2022, 6:17am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/12 "2022-05-15T06:17:48Z")
I kind of like this, either way, BURN we must! ---
**Author:** ![LB789](https://avatars.discourse-cdn.com/v4/letter/l/b38774/32.png) [@LB789](https://classic-agora.terra.money/u/LB789)\ **Post date:** [May 15, 2022, 8:05am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/13 "2022-05-15T08:05:08Z")
Agree and start with these coins See top 27 addresses in the below link. They own more than 880 Billion tokens. 26 addresses with more than 31B tokens each, same number to the last decimal point. Terra/Luna team should tell us if they have control on these addresses and if yes they should burn these tokens > **[Wrapped LUNA Token (LUNA) Token Tracker | Etherscan](https://etherscan.io/token/0xd2877702675e6ceb975b4a1dff9fb7baf4c91ea9#balances)** > > Wrapped LUNA Token (LUNA) Token Tracker on Etherscan shows the price of the Token $0.00, total supply 949,456,889,810.430753656750838167, number of holders 41,031 and updated information of the token. The token tracker page also shows the analytics... ---
**Author:** ![Abcd\_luna](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/abcd_luna/32/3581_2.png) [@Abcd\_luna](https://classic-agora.terra.money/u/Abcd_luna)\ **Post date:** [May 15, 2022, 10:14am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/14 "2022-05-15T10:14:11Z")
@dokwon if your here, Just talk to cz @binance.com. Everything will be okay. No fork ,beef plz ---
**Author:** ![Shaznatch](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/shaznatch/32/4924_2.png) [@Shaznatch](https://classic-agora.terra.money/u/Shaznatch)\ **Post date:** [May 15, 2022, 10:57am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/15 "2022-05-15T10:57:57Z")
I’m in the trenches man, but I’ve helped all I can for now lol. If we here next week I’ll be buying more. ---
**Author:** ![Shaznatch](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/shaznatch/32/4924_2.png) [@Shaznatch](https://classic-agora.terra.money/u/Shaznatch)\ **Post date:** [May 15, 2022, 10:58am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/16 "2022-05-15T10:58:50Z")
But as terrible as this situation is, this is how things become decentralized. Little guys like me can become involved. ---
**Author:** ![TXJ](https://avatars.discourse-cdn.com/v4/letter/t/d78d45/32.png) [@TXJ](https://classic-agora.terra.money/u/TXJ)\ **Post date:** [May 15, 2022, 11:12am UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/17 "2022-05-15T11:12:18Z")
Use the collateral Buy and burn ---
**Author:** ![kilyan](https://avatars.discourse-cdn.com/v4/letter/k/9fc348/32.png) [@kilyan](https://classic-agora.terra.money/u/kilyan)\ **Post date:** [May 15, 2022, 2:00pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/18 "2022-05-15T14:00:45Z")
there is no hope without a burning plan ---
**Author:** ![AlanTuring](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/alanturing/32/4400_2.png) [@AlanTuring](https://classic-agora.terra.money/u/AlanTuring)\ **Post date:** [May 15, 2022, 2:59pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/20 "2022-05-15T14:59:53Z")
tbh I 100% agree with the proposal, perhaps burn slowly so no one can exit and so that eventually the project and community can benefit. And truth be told I know ust holders got rekt too but no way near as luna’s community, they’ve suffered the most downside afterall ---
**Author:** ![Xxyo67](https://avatars.discourse-cdn.com/v4/letter/x/49beb7/32.png) [@Xxyo67](https://classic-agora.terra.money/u/Xxyo67)\ **Post date:** [May 15, 2022, 4:10pm UTC](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237/21 "2022-05-15T16:10:08Z")
Buy and burn [Next page](https://classic-agora.terra.money/t/no-fork-buy-and-burn/13237.md?page=2)