HERE IS A NEW IDEA TO SAVE THE DAY!!
WHAT IS THE REAL PROBLEM HERE .!!!
the real problem is that you have 4 kinds of users to deal with
1-pre-attack LUNA holders
2-pre-attack UST holders
3-post-attack LUNA holders
3-post-attack UST holders
That’s why it’s hard to prong a solution that satisfies the 4 of them. WHY!!
first, the VALUE of LUNA number held Pre-attack is not EQUAL to the VALUE of the number held after the attack. SO how do we fix this… you will need a mechanism to Equal those FIRST.
let’s call it THE EQUALISM mechanism.
I Suggest that small FEES be applied to all TRANSACTIONS, either done from EXCHANGES or USERS. these fees go directly to the PRE_ATTACK holders (60% of the fees go to LUNA holders, 40% to UST holders). This process will continue UNTILL the collected fees coins EQUAL 70% of the CURRENT SUPPLY.
NOW we have the Supply split 70% to Old Holders and 30% to NEW holders.
after this wealth redistribution to equilibrium. you can do whatever you want
you can fees BURN.
you can snapshot BURN: like BURN a certain percentage from all wallets once and for ALL.
you compensate all 4 users:
1-pre-attack LUNA holders: will get their balance value back
2-pre-attack UST holders: will compensate in LUNA coin
3-post-attack LUNA holders: will split gain 30% of the blockchain Future value for HOLDING the ground for the old HOLDERS.
3-post-attack UST holders. will get returns on their investment when UST value rises again.
BUT NOW you get RESTORED the BLOCKCHAIN value, but what are you gonna do with the UST trust issue you have NOW.
after the EQUALISM, apply small fees on transactions, or stacking, to buy BTC to Back it up.
I really think there are many solutions to situations other than restarting Button.
Let’s GO with the EQUALISM plan.