“Not your keys, not your coins.”
So, you are a thief seething with jealousy ill-concealed beneath cheap snark. You have quite the nerve—not only advocating a rug-pull, but even being both smug and spiteful about it.
Where were you when others were throwing in good money, bidding up the LUNA price to stop it from literally falling to zero? I like the small amount of LUNA that you must have compared to me—you think you’ll steal the money that I risked on a dying project. Not OK, and the community must call out and shame your ilk if it wants to survive as a viable project.
I am serious about that last. In the short term, tolerating the open advocacy of rugging investors sets the course that can only end in the way foreshadowed by CZ’s disapproval. (You think you’ll steal my money, OK, have fun recovering any value yourself when Binance and every other reputable exchange delists absolutely anything that Terra makes.) And in the long term, there is a deeper issue.
Welcome to crypto: Do any of the newbies here wonder why BTC is so dominant? Short answer: Because people trust it. Why do people trust it? Among other reasons, the blockchain is irrevocable. That means that you never need to worry that someone will decide to rewrite your wallet balances based on their opinion, or on popular opinion, or on anybody’s opinion.
It doesn’t matter what price you paid. It doesn’t matter if people like you or not. The token is fungible: 1 BTC = 1 BTC. Wallet balances are decided by the unbiased application of well-known transaction rules that everybody has accepted for a long time. What you see in your wallet, is what you have in your wallet unless or until you spend it. And that’s that—period.
Big money will never entrust itself to a blockchain where money can be made to disappear by arbitrary whims.
Chains that put people’s wallet balances up for a vote are already untrustworthy. The idea is poison to prospects of future value: It shows that rugging some investors in favor of others is, at least, an option open to debate.
Thus, even for bottom-feeding opportunists who don’t reject the proposal on the basis that “stealing money is wrong”, it is myopic and self-defeating not to reject it on the basis of self-interest. Want your investment to be worth something? You need to earn people’s trust—or at least, try to avoid engaging in public behavior that screams, “THE SCAMMING OF INVESTORS IS WELCOME HERE!”