Terra Classic {Supreme} ~ The Terra World Order

Governance Voting Limitation Act

To enable Terra Classic to be a national voting platform for a possible world government (for and beyond the Terra Station) ~ each and all wallets (delegators & validators) should be limited to (1) governance vote and each and all wallets should be pegged to a real and verified identity to be allowed to vote. No ID pegged - no vote | only staking.

Staking alone will drive delegating and validating activities.

Terra Classic indefinite Stability Tax & USTC Creation Limitation Act

Building civilizational, organizational, and individual wealth is the reason for work - it’s important our money retains its value {if it doesn’t increase}, is secure in our possession, our use of it is private {unless shared or hard-evidence of unethical behavior exists or to vote on governance), and it’s supply is capped to eliminate inflation that caused deflation (abides by the natural law of supply & demand).

The passing of a proposition that matches the philosophy that this post explains will result in the indefinite stability of the values of both LUNC & USTC by (1.) indefinitely taxing all LUNC transfers to offset newly created tokens (from staking) to maintain a 10,000,000,000 max supply of LUNC after the burning of the passed proposition 3568 is complete and by (2.) limiting the creation of new USTC (max supply of 10,000,000,000 USTC) by pegging it to the gross weight of the total supply of discovered physical gold.

Stable-coins that match the value of national fiat debt-based currencies are unstable because the supplies of those debt-based currencies are inflated by actions like usury and their values are then deflated by that inflation when met with a naturally limited demand/population of users (consistent instability).

Taxes on all transfers of LUNC that are equal to the collective amount of LUNC being created by staking or lending with interest are necessary for a true stable max supply of (10 billion) to be maintained. That maintenance, when met with a strong demand, preserves the value.

Taxing LUNC transfers also encourages people to hold LUNC tokens and hopefully stake them (PoS), vote on proposed adjustments to the system (governance limited to one vote from ID verified wallets only), and propose new governance ideas to vote on as they gain staking rewards.

To gain access to staking (increased holdings), people will demand LUNC tokens and that demand will incentivize the selling of them (profitable) and initiate that burning of tokens (during exchanges) to equally match the creation of tokens through that same staking process.

Not taxing USTC transactions and limiting the minting of new USTC encourages people to transact with USTC (promoting economic engagement) and it encourages saving USTC to preserve wealth with little risk! (People can still lend USTC - to the less fortunate - without charging interest (philanthropy).)

Staking USTC should be indefinitely banned.

As already mentioned, to supply a growing demand/population, pegging the USTC to the gross weight of the total amount of discovered gold using an oracle (about 244,000 metric tons so far ~ equaling 10,000,000,000 UTSC) will enable the creation of new USTC as gold weight is expanded by an expanding population that discovers more gold. {The ‘exact’ gross weight of gold would be oracle pegged to the 10,000,000,000 supplies of LUNC & USTC}. That natural inflation will release any tension caused by the growing demand (population).

The passing of this type of all encompassing ‘core’ proposition will limit the creation of new USTC’s (other than through the gold gross weight pegging method).

This type of all encompassing core design will also stabilize the supply (starting @ 10 billion after prop 3568 is completed) of LUNC indefinitely by continually taxing all transactions equally to the continuous newly minted supply based on active contracts and updating based on canceled or new contracts.

The War for the Blockchain: The People v. The Whales

The whales - not all whales - that only care about money and control will vote no for any proposition that guides our Terra ecosystem toward the ideology (true decentralization) that limits their control of that ecosystem ~ exposing them who caused our last collapse and likely profited off it…

A BIG part of the act of getting by those :whale: is Us (delegators) actively voting in favor-of the two acts mentioned in the post (above) so validators can’t use our votes to maintain their power (those who want to have that power).

We are at a crossroads where we can go toward stability & wealth or just wealth and continue to let :whale: cause instabilities they profit from as most of us - who actually have the power (delegators) - lose!

Of course, delegating whales will always be a threat that the mass of good will have to vote above.

I hope everyone reads this and adopts it for the good of Terra Classic.

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To clarify - a unique identity would only be allowed one wallet, the same person would not have 50 wallets and 50 votes (for example).

Pinky: “Gee Brain, what are we gonna do tonight?” Brain: “The same thing we do every night, try to take over the world!” Pinky: “Brilliant plan, Pinky!

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This post was flagged by the community and is temporarily hidden.

Those who understand the simple universal truths and have begun to master this reality will get it - the underdeveloped will not.

This post was flagged by the community and is temporarily hidden.

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Fortune favours the bold.

… if governments ban “endogenously collateralized stablecoins", coins whose value is solely based on a different digital asset by the same issuer, the plan I am proposing will be a perfect replacement for the old ‘algorithmic’ one (that failed drastically)… All we need is some coding and a good oracle - and community support.

When people start directly earning cryptocurrencies, the Federal Reserve no longer can lien on their wealth and tax it! If those cryptocurrencies are given to people in exchange for their time and energies (not in exchange for $usd$) ~ we can discontinue the Fed, stop the devaluation of our wealth, and avoid paying income taxes that are associated with using the Fed’s debt.

This new system can begin by paying people USTC (as designed above) to promote the Terra Classic ecosystem … along with sellers that accept USTC as payment and specific instructions clarifying that earned USTC spent to those sellers is not taxable by state and federal governments because Federal Reserve dollars didn’t purchase them.

Sales taxes may always exist to fund social services & infrastructures…
Taxes to pay interest on debt should be avoidable! Don’t want to pay taxes ~ don’t borrow or don’t buy taxed goods/services!

The idea above is how we financially free ourselves ~ and it will take a community to achieve.

This is Americanism at its finest.

{The United States of Earth}

{End the Fed}

{End the Serpent}

:fire: :pray:t2::fire:

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The gold-weight pegging oracle can run as the previous -

“Several issues have been raised in implementing decentralized oracles, but chief among them is the
possibility for voters to profit by coordinating on a false price vote. Limiting the vote to a specific
subset of users with strong vested interest in the system, the miners, can vastly decrease the odds
of such a coordination. A successful coordination event on the price oracle would result in a much
higher loss in the value of the miner stakes than any potential gains, as Luna stakes are time-locked
to the system” (Terra-v1.1pdf).

The problems in this world are solved by those who seek solutions… Don’t get that twisted. Let’s not let complexities and haters end our pursuit of perfection.

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Pascal, if you would - enlighten me with your perspective…

Philosophy is the foundation of all systems. The only tax I’m proposing is to offset inflation of LUNC and my proposition for USTC avoids your example altogether…

This system (TC) collapsed because of a poor philosophy, I am proposing a philosophy that is truly stable and would be an easy road to exit onto… This system collapsed and going back to the same would be the confusion (insanity?).

If the community thinks like you (Pascal), the system will go down with the unstable system (that you used as an example) because it’s pegged to it…

Drastic collapses require drastic changes.

Questions lead to ideas and ideas lead innovations and innovations make things better. I am now questioning your motives Pascal… You seem to have things quite twisted and that is bad for this community. This community needs good ideas or it’ll fall to the wayside to rust away.

Isn’t this forum purposed for generating ideas?

Of course, some ideas are worse than previously adopted… I know what I am proposing isn’t one of those kind. What I am anchoring my proposal to is solid gold! I hope this community sees and agrees so we can make Terra great again, and better than before! Question everything and everyone, always.

Emergency Rebalancing Code (ERC)

If the balance between the staking and the taxation of LUNC transfers (on and off chain) encounters an inequality ~ once the gold-weight pegged 10 billion supply is increased (+1 LUNC) or the supply falls (-1 LUNC); a code will halt staking until taxation catches up or it’ll stop taxation until staking catches up ~ a worst case scenario (oracle breakdown or coordinated mass data attack) rebalancing code.

That balance (taxation{}staking) will (infinitely) be kept equal by accurate and immediate reporting of staking/trading contracts while the weight peg to total physical real-world gold exists to activate that ERC when inaccuracies are entered into and accepted by the Mainnet.

Coders: Build this (the system explained throughout this post) on a testnet and when LUNC supply hits 10billion ~ a governance proposition can be voted on for it to go mainnet…

:dizzy:

Natural Inflation for Growing Population

As the real-world gold-weight rises, the max supply (LUNC & USTC) will also rise at the same percentage rate (natural inflation to supply growing population).

The (+1|-1) ERC activation will be set to the current gold weighted supply (rises in weight/supply accounted for).

:sparkles:

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The ChainLink (CL) Between USTC & LUNC

The gold-weight reporting (for stabilizing USTC & LUNC) will be done using the LUNC side ~ the rewards (from a portion of validation rewards) for oracles that keep the supply equal to the real-world weights will be paid in LUNC and will give LUNC its value ~ creating a dependency between USTC & LUNC.

Portions of validation rewards should also go to coders for their services (community pool).

Also, easy and free trading (no converting without trading ~ to maintain supply amounts) of LUNC to USTC or USTC to LUNC should exist on-chain…

Validation reward rates must account for the funding of oracles and coders (in addition to the validators). LUNC is where the work will be completed and the system will be maintained. LUNC the horse, USTC the carriage. The fuel and the vehicle into the future of money! The goal is limiting waste and achieving efficiency and effectiveness while maintaining fairness…

:pray:t2::rocket::pray:t2:

When gold, coders, and philosophers unite…:rocket: