The plan sounds like a socialist 5 year plan from the Soviet Union, already built in design on forcing to hold an asset. The people have suffered enormous losses, they need help and hope now and not in 4 years, who knows if there will be in 4 years free cryptos at all. Printing money and 2-4 year forced plans bring no value … you can see that in politics , it is no different here.
This collectivist social plan is a waste of time and resources. Besides, what guarantees that Luna 2.0 will not suffer the same fate again?
Crises are in life always the most efficient source of improvement, the bigger the crisis the bigger the chance and the market always finds the very best solution and above all the very fastest solution.
The right way in this crisis is to :
- burn the inflationary coins & temporaly increase the TX fees to compensate the UST holders. there are several proposals that make sense.
- Make the concept of algorythmic stablecoins more resistant to such attacks. Otherwise, you can soon wipe your ass with algorythmic stablecoins.
By simply crapping out Luna 2.0 and distributing it arbitrarily according to a complex socialist plan will not produce any value. Sticking one’s head in the sand, the problem will not be solved. Don’t you understand that the business model has a bug that needs to be fixed.
Our smartest heads should look for a solution here. This is also in the interest of the entire crypto community. I think only approaches to strengthen the existing business model is forward-looking. The fork is only politics and weakening.