The problem is, just how many investors are going to send their tokens to the burn wallet?
People like to talk big words about community and being in this together, but I guarantee you no one wants to give up half their Luna bag to the burn wallet in the hopes this thing actually turns around.
No one with 1 million LUNA will give 500,000 to the burn address if there is even just a small chance this whole thing turns around in investors favour and price goes where we want it to go.
There is no voluntary supply left to burn. We hold it, and most wont give it up (even if they claim on these forums). It is just not how human nature works.
Someone bought huge amount of luna. It was like institutional buying with massive volume. Maybe something serious is going on behind the curtains, maybe it is just speculation. Any thoughts?
The proposal got rejected unfortunately but I think with your approach people will have more confidence to vote. Burn tax is a valid solution and we need to try again!!
I think proporsal need to have technical modification to being validated. Also, community need to think Burn is a must but not enough. Luna Will being a meme Coin if no devs left. If you want price going higher this asset need devs
this is what I am talking about. Transaction burn is executed on transactions and transactions are made when coins are moved. If you stash the coins and the supply goes down without your incurring shrinkage of your holdings you would benefit in an unfair way. Makes no sense.
exactly. Luna has never been hacked. The so-called attack was caught by the consortium when Luna team expanded and transferred usdt. As a result, Luna has no funds to accept the offer. This led the institution to use the UST system to short Luna. This serious mistake should not let your believers. investor. To be responsible for your mistakes. I don’t even listen to the voice of the community. Still go your own way. Continue to bifurcate. It’s all deception
