Think about it. There will be no billions burned. Because there will be no trade. Trading at a rate of 3% is like donating money. Nobody wants to donate, people want to win. You guys are not thinking straight
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I don’t know how to post a new proposal so I’ll post it as a variant of this proposal:
-Start using luna as the sole gas token on terra
-Keep the burn mechanism for luna to prevent ust to be too expensive, but stop luna emissions
-High luna fees relative to transaction volume initially, to reduce supply without being unfair to small holders
-As luna scarcity begins to skyrocket, people will need to burn ust for luna to keep using the network
-When scarcity is too high and ust is higher than peg, reduce luna utility by reducing gas prices.
Does it seem reasonable?
I see your point. What does @HelloThere say about this?
He was contacted, if he reads the message he should change the description.
Remember, the proposal belongs to everyone here. I just sit down yesterday and decided to think about the idea that could work. Then you everyone made amazing contribution to the proposal 
I’ve done what I could and never expected such a big reach.
Now the rest belongs to the community. I wasn’t prepared for the hates I got from some people, so I will back off a little. I’ve got family, work and life too. I need to make it going somehow.
In my personal opinion this suggestion is a good direction. Hopefully @dokwon and his @team will figure something out that will work for everyone, especially those who lost a lot of money and their savings. I wish the best for everyone here.
@terra is it possible to give someone the power over the thread? I won’t have the time to look over it for few days at least, so its better to give it to someone here.
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It would definitely slow things down, but it wouldn’t stop Luna’s flow.
Traders will continue trading on CEXs (no fee), the rest of the ecosystem will need to cope with this added cost, likely pricing it into their models, just like Gas fees are today. Wouldn’t say it would happen automatically, but it’s what would likely happen.
For most projects its better to continue to operate at a higher cost than the unknowns of a fork which will likely leave a lot of people out.
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I don’t want to let anyone down. But It’s a second day I sit and look after this thread to the point I have a head ache. Is there someone who would like to take the role of moderator here?
PS: @terra is it possible?
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why is the team so quiet ? @terra
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The costs on Etherum are much larger and there are billions exchanged
Hack of ETH DAO, and attack on UST is a hack/bug of UST. Hack/bug/mistake of luna mint defense strategy. Bailing out FUBARed people is the same justifiable political decision.
I noticed after the fact that I should have just linked to this post. Unfortunately, there does not seem to be a mechanism to revise/edit the proposal on terra station.
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Thats a pity ;/
They have been quiet about a lot of things since the collapse of $UST and $LUNA, they need to respond soon tbh.
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Costs on Ethereum are not percentages. If you make a trade of $1M it’s cheap on Ethereum
It’s not difficult.
Send it to a separate community pool, liquidate it over time, and send via USDC/USDT/etc. to people based on their losses from a chain-based snapshot and then from exchange records.
Linking the origins of Luna to gold
What we faced in the recent events was very difficult and harsh for everyone.
I suggest linking the asset to the real core that supports digital assets with fixed assets of gold
The plot is as follows:
In the first stage, the assets are 6.9 B. The burning mechanism is based on nine stages
1 - The first stage, for example, at a rate of 5% for each transaction until the right of 1 B is fulfilled, where this number is replaced with fixed gold assets supporting the remaining asset, i.e. we calculate, for example, that each one luna equals 000003 is exchanged for an equivalent of the market value of gold, meaning that one ml luna equals 0.000003 parts of gold
The result of each burning is 1000000000000 * 0.000003 = 3000000 grams of stored gold, which is a firewall for assets until we reach a firewall that protects assets from tampering by 100%. This support is not considered pricing for the asset, but rather a firewall that is activated when exposed to such crises, and accordingly, the burned percentages are distributed In nine stages, we may take a long time, but there will be satisfaction for the return of investors and believers in the idea of the project.
The company continues to burn and support the equivalent in gold until the value of the asset becomes a color that is protected from its impact again to $0.
This is just a suggestion, it may be right or it may be wrong
for discussion.
I get what your saying i just don’t agree as the situation was made worse when they decided to put the minting process into over drive so it is something that can be fixed. As for making people whole again it comes down to the age old don’t invest what your not willing to loose. If this happened on the stock market people would be just accepting there losses
More than enough. The idea is out here and gaining traction. Turn off the PC and go to your family and enjoy the rest of the day with them. Thank you for everything 
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IMMO Time to stop whining and to start buying Luna at dirt cheap prices. Let’s get it back to its fair value showing that we stick with and trust the Terra project long term prospects.
For whom has not yet noticed. People are already buying Luna on exchanges and it is up 200% from its bottom price.
Maybe the BUY and BURN policy is closer than we think.
Not financial advice. Do your own research.
Also discussions on this forum are worthless. None of our post has any voting power.
It seems to me that only a small set of top spenders (less than 60 big stakers) validators will decide which is the future of LUNA. According to the Proof of Stake consensus mechanism.
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Thank you 
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Patiently waiting!