I may have lost years of work savings I always believed that Luna wouldn’t die I hope the team will eventually come up with an acceptable reboot
Many people holded and believed. For different reasons. Some were gamblers, some didn’t want to move until the situation settled, some just maybe didn’t notice.
Many people also bought UST back at lower price and that’s a good sign because if someone buys it means they believe (the original promise that 1UST is 1 dollar).
Luna holders took the risk and they knew about the volatility of the token. Either they buy or sell it’s their loss. At any moment.
I think it’s stupid to punish people who are holding now UST, either they hold them or bought them after the depeg. They bought with the promise that 1UST is dollar.
Punish UST holder who sold at lower than 1usd.
Punish LUNA holders too.
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Zoom out! Most people lost all their money!
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What will happen to the people that bought Luna at a discount? because I dont see this coming back in your master-plan… How much Luna and How much UST do you hold kwon? you will give 80% to the people that jumped ship… very bad plan.
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The ones buying at the prices were the ones giving you guys exit to panic sell please don’t give us a bad look if anything we deserve more my guy
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punish yourself
Buy and burn the excess LUNA.
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Definitely should never re-peg $LUNA to any algorithmic-stablecoin.
Just uncouple UST and $LUNA as you suggested @Padme (and as I suggested in my reply) and forget about trying to peg $LUNA to a stablecoin using any computer algorithm.
Read my post in details. It describes exactly as you suggested (but in more detail) without the “re-peg” $LUNA suggestion.
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Exactly!
You can’t dismiss the countless buys that took place trying to float #lunacoin and the the massive amount of volume it did.
Simply forking it and not including those that bought in afterwards is slap in the face to those that bought, held and continued to hold
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The only way to make every one happy is to keep trading and buy back and burn.
Everyone that panic sold can buy back now at a fraction of the price and still be on top.
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I strongly agree with the quote above. You need to disclose how much of the reserve remains, what it’s been used for, and use it to repay UST holders (including Anchor etc.) from the bottom up. You can’t run away from this. But you can restore some trust and your reputation within the community to put towards a new Terra. Small UST/aUST holders need to be made whole and it’s within your power to do this. It’s also what you will be legally obligated to do if that’s what it takes. Do what is right.
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I HOPE EVERYONE THAT PASSES BY THIS POST READS IT ENTIRELY
Theres only one solution thats 100% fair to everyone from the biggest whale account down to the smallest with zero bias.
1- You start by taking a minute by minute snapshot of each account value divided by total market cap of LUNA (in other words an accounts percentage ownership of the entire network) over the course of the few days where the crisis unfolded starting from T=0 one minute before the de-peg and all the way until the time where generation of new blocks was suspended and divide. In turn:
This will give you a time weighted average ownership % of each single address during the entire duration of events
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fully agree
thats means most of us wont agree with the proposal
Luna is up 600% today! Going in the right direction…
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sounds good but this is not practically achievable.
Can’t we meme our way out of this? Like GameStop. We can all do our bit in memeing the shit out of the internet and rallying to the cause.
Post memes everywhere about the rebirth of Luna, rising from the ashes, etc etc, get a fucking movement going
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@dokwon
Do Kwon, you have no idea what happened. Maybe you are still thinking that “I can do something”?
Unfortunately, there is not a single person in this world today who is truly excited about your new project.
You have lost people’s trust. Accept that first.
What you have to do is, to give the money back first to those who have suffered the most in this tragedy. Sell all your personal cryptocurrency first. Sell all of your property. Then make a sincere apology and repay them little by little over the rest of your life.
If you continue to ignore the opposition of the majority of the community and carry out this proposal, you will be damned for the rest of your life. Your family and relatives will never be able to walk the streets in peace.
I know it’s hard, you are still too young… But that’s how serious what you have done is.
In what specific order should the repayments be made? That’s what you need to learn from the community in this thread.
REFUND PROPOSAL (Phoenix Plan 2 of 2).pdf (38.8 KB)
RESURRECTION PROPOSAL (Phoenix Plan 1 of 2).pdf (49.0 KB)
I would reply with these attached documents plan.