like it.
nice one, this could be a nice refinement that devs could look into with more depth. Incorporating a burning rate function correlated to the peging/minting and other parameters. This should limit or at least minimize the probabiltiy of a downward spiral of death (damp it per say).
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Love this idea, this could really build potential!!
Well it seems that you still donāt understand what happened. Especially, those who had bought after the time crash, need to be compensate as there was a huge price gap, between buy and sell price in the favor of ābuyā of course. Would you ever check countless times the sell price when you intend to buy in order to verify that those have not a difference of 1.000 or 10.000 times? The sell/buy price should be the same with the only difference of price coming from applicationās fees whose are also SAME regardless being in buy or selling procession.
To make it sure. Some people compare this tokenomics with Safemoon. It wonāt be as Safemoon, because in its case all transaction fee volume is distributed between holders (fat get fatter). Here all 3% would be BURNED lowering the supply.
Whats your opinion about this?
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Iād say it doesnt need to be a fixed burning rate, it could be a dynamic percentage correlated to other parameters (minting/peging/volume/ā¦)
This is also a way 
Iām thinking already in mid/long term. How to incorporate a similar thing into the algorithm/protocol. It is a nice thing to have in case of high stress, end of the world chaosā¦
I agree this is the best idea so far.
Do Kwans idea about a restore involves deciding who to give money too, this is very divisive and leaves the losers and new comers with little confidence and should be avoided.
Also I want to add that itās so awesome to see everyone contributing ways to make this idea better, the community is the value with Luna, the money is a side effect and it will come back.
The only thing I could think of that may help is thatā¦ When the tax is implemented itās important someone changes the tax in real time to settle on the right number to not scare away the traders, starting small and gradually increasing it, Then later graduating lowering the tax. Not sure if this was mentioned, but wanted to throw it out there.
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I know exactly what happened, and I bought all the way down at different levels! Now at the bottom, the worst is zero. So Iām buying as much as I can. Even selling other assets at losses.
Edit: Iām not asking for any type of reimbursements. That is not how markets work.
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(R to Edit: Only if youāre a big bank or near wall street cof cof)
Sorry, not gonna digress no more.
Burning token is only way out for everyone.
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I support but I know there wonāt be action from Do Kwon or Terra Team
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Guys, Vitalik support Fatmanās proposal. Like he says UST holeders have to be saved first no matter what.
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This is simply not possible. Luna in itās current form is mathematically dead
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This is a pretty smart solution. TheBest I have read here and much better than Do published that only bennefits himself, old holders including those that could be part o f the attack since pre deppeging they were on the luna and ust boat. The ones that bought at low prices trying to help to stop the fall believe in the project and buy the dip are part of this too. No one couldāve thought they would print 7 fkin trillion lunasā¦ letās be seriousā¦
8 Likes
A couple things that may or may not be holes in fatmans idea,
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people sell as soon as they get reimbursed sending it right back down.
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Everyone who withdrew their UST from anchor at a loss is out of the system.