Follow CZ guidlines…BTC reserves as collateral
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Your $LUNA is not more valuable than my $LUNA just because you might have bought higher
The same goes with #BITCOIN, the people who bought $BTC at $60,000 are not whining because people are now buying $BTC at $29,000
Drop your nonsense seriously, if you want to buy cheap now go ahead and do so, I just bought Bitcoin at $29,000 imagine if the poeple who bought at $60,000 started whining and decided to do a ROLLBACK to the November 2021 snapshot to restore the value to $60,000
It is NONSENSE
Instead of this the team should work on the following
- BURN TOKENS
- USE BTC Reserves to buy back UST
- Restore the value of $LUNA which will restore confidence
If you FORK and ROLLBACK you will essentially kill the chain and $LUNA will be DELISTED on ALL exchanges, no one will list the new token, NO ONE
So lets stop this madness
WORK ON IMPROVING the current chain @dokwon
Fix your mistakes, restore confidence there is no other way around this, there are no shortcuts
4 Likes
How could someone buy when they lost everything? Do we think I am Elon musk that could just happily buy everything in the world. Everyone has limits!
My limit were cut down.
IF you are telling me to buy now then you should give me to buy! If you can not do that then don’t tell me to buy when I can’t.
@TerraLuna THIS 100%
DO NOT FORK
DO NOT DO A SNAPSHOT restore
INSTEAD:
Restore Confidence in the current chain by improving the value of $LUNA
Buy Back using $BTC reserves
Re-List on all Exchanges
Aggressive Token Burn strategy
This is the ONLY way to restore confidence @dokwon
Listen to the advice of CZ Binance, you are dealing with the lives of millions world wide
5 Likes
if a fork is foreseen, why is the network active?
why is trading on exchanges active?
but are you serious?
your selfishness has no limits.
if Luna has to die to make room for luna2, you have to block everything. there are people who knew nothing until now who have invested thousands of dollars believing they are making a good deal.
3 Likes
yes and a snapshot of bonded luna on other l1’s such as osmosis, crescent, sifchain, junodex, and others should be taken at the de-pegging event, and they should be compensated as well because they are also believers of luna.
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It will drop price by 50% (maybe) but what is that against 2500000x which already happened? Note that supply expanded only 20000x in contrast to price drop. Note also that those funds will be given to people who held through all this. Why would they sell? Ideally there wouldn’t be need to do anything, but if some saving needs to happen this seems quite fair from point of view of new investor and also old hodler. If nothing is done then project just dies. If you make snapshot reset project also dies imho.
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it would be a fraud …
Imagine people still trading … and they come out with an announcement giving tokens to holders before the halt … lol !
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@tulo I bought $LUNA at $70, $20, $1 and even now
I also bought BITCOIN at $29,000 and there are people who bought BITCONI at $60,000, you don’t see them going mad over it
So stop whining, if you want to buy $LUNA now please go ahead
We need to restore confidence in the current chain, value will follow
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Agreed, no fork, no timemachine, buy back luna and burn. Let it come back from where it is now naturally. Creating conditions that allow it to recover naturally from where it is now …
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Nobody will list any new LUNA2 coin ,seeing the precedents….restore LUNA now you can…otherwise this will be remembered on the crypto history like a big failure…
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I bought at $50, $12, $1, $0,003. Put 17k in Luna. So a guy who put 1k at $100 and hold will be rewarded but not me who defended the price? All $LUNA are equals. $1 Luna = $1 Luna. The UST supposed to be stable? Yes. But is flawed, so you have to kill it. People should know that LUNA price could go down but the same apllies to UST, BUSD or USDT. The are no guarantees that stable coins are safe. To fix all this mess and have a chance you need to kill the link between LUNA and UST. Them, in the long term, you need to fix UST. Forget about new coins or money distribuition. Burn all LUNAS its possible, stop minting and let the market decides its future.
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좋은 생각입니다. ^^
루나의 회생을 기원합니다.
네트워크 생태계 모두 잘 살아있는데 가치는 그렇게 다시 찾는 겁니다.
루나는 반드시 일어납니다.
한국인의 삶이 그랬습니다.
감사합니다.
100% @u011
NO FORK
NO SNAPSHOTS
Imagine if some people decided to ROLLBACK the #BITCOIN Network to November 2021 to try and restore the value to $60,000
It is NONSENSE, if Bitcoin were to do that the chain would die and confidence will be gone completely
Instead:
-
Work on restoring confidence by restoring the value of $LUNA, this means that exchanges will not delist LUNA and new exchanges will come
-
Work on creating an AGGRESSIVE BURN strategy to burn off tokens quickly and thus decreasing the supply
-
Use $BTC Reserves as collateral, buy back
This is the ONLY way out of this, there are no shurtcuts @dokwon
Let’s work together to restore confidencen
NO FORK
NO ROLLBACK/SNAPSHOT
4 Likes
I only see two possibilities to continue, without contributing capital.
- Maintain the project, make improvements and hope that over time it will recover, both LUNA and UST.
- Make a fork, a reset, multiplying the capital of holders of LUNA and UST by 0.001.
I think the former is healthier for the community, but more expensive and risky for Terra.
I think the second one is cheaper and FASTER, if it works it will be them and a new community that will benefit. If it doesn’t work, proyect was dead anyway.
LFG have 80K BTC reserve. It will be 2 billion USD worth. And UST market cap is around 2 billion USD. Where did they go and why can’t they support the UST-repeg?
This is areply I like from wskyfall
Your $LUNA is not more valuable than my $LUNA just because you might have bought higher
The same goes with #BITCOIN, the people who bought $BTC at $60,000 are not whining because people are now buying $BTC at $29,000
Drop your nonsense seriously, if you want to buy cheap now go ahead and do so, I just bought Bitcoin at $29,000 imagine if the poeple who bought at $60,000 started whining and decided to do a ROLLBACK to the November 2021 snapshot to restore the value to $60,000
It is NONSENSE
Instead of this the team should work on the following
BURN TOKENS
USE BTC Reserves to buy back UST
Restore the value of $LUNA which will restore confidence
If you FORK and ROLLBACK you will essentially kill the chain and $LUNA will be DELISTED on ALL exchanges, no one will list the new token, NO ONE
So lets stop this madness
WORK ON IMPROVING the current chain @dokwon
Fix your mistakes, restore confidence there is no other way around this, there are no shortcuts
6 Likes
agreed
We need to address the elephant in the room a lot of people are suggesting before there’s any risk of the team taking it seriously: The proposal that UST sellers are allowed to double dip at the expense of everyone else.
First let’s address LUNA. The fact LUNA crashed in price is unfortunate but that is the nature of all speculative crypto assets. The priority should be restoring UST peg to avoid lawsuits and to honor the protocol. No snapshots either. The supply of UST has remained fixed, it hasn’t inflated. The only thing that’s occurred are paper hands turning greedy wanting to double dip at the expense of the people that provided them exit liquidity.
If people want to sell UST to buyers that’s their decision. The buyers are now the owners. This whole comedy of sellers selling UST to buyers and then also demanding that they’re entitled to a $1 snapshot is laughable and should not be gaining any traction. They’re either greedy or lacking an understanding that someone paid money for their UST that they now wish to take back, that’s called theft. It’s also not very polite to turn around and spit in the face of someone who paid you money for the token you don’t trust. If you don’t hold UST right now, you shouldn’t be entitled to anything. People that disagree can still buy UST right now as it’s cheap, so there can be no counter argument to my proposal other than greed, or no faith in the project.
If you don’t think UST will be worth anything and insist on selling, then move aside and be happy with whatever low price you got paid for it, so that buyers of it that still have faith in the project can be rewarded for taking the risk. That’s how free markets work. Risk = Reward. Something a lot of people take for granted with their handouts thinking money grows on trees. No, the money came from buyers that are taking a risk that UST will be made whole again. Dear UST sellers: you don’t get the best of both worlds just because you have paper hands. Either buy the UST you sold back and hope that it goes to $1 like everyone else, or take what you were paid and move on. Stop trying to demand a free lunch at everyone elses expense.
6 Likes
Dear Do
I am sure it has been an incredibly tough week for you, and I would like to extend my sincere words of support to you, your family and the TFL team. You did not want for this to happen, and I remain hopeful that you and your brilliant team will be able to save both Luna and UST.
I got liquidated on Anchor at $32.00 and lost my entire lot of bLuna, about 1200 bLuna in total, which cost me about $50,000 to slowly accumulate over the last year. This was a significant chunk of my overall crypto portfolio. I bought some more Luna on the way down at $7, $0.004 and at the very bottom when it had 5 zeros after the decimal points spending another $13,000 in total.
I guess I had complete trust that you would be able to save the situation somehow before so many zeros would appear after the decimal point so that I could restore my stash of Luna. Undeniably, I held on to the very end and provided exit liquidity to others on the way down.
My heartfelt opinion is that you guys should do your absolute, damn best to save both Luna and UST in their current form. This would be the only way to make everyone whole again. Version 2 Luna and/or UST would take a loong time to regain trust, the old technology already worked like a clock - fast transactions, exciting protocols, fat APRs, so many new things happening. Just find a way to protect the peg to prevent this black swan from reoccurring.
Like many who already shared their opinion here, I just don’t see a way to fairly distribute whatever new token or tokens you guys might come up with to satisfy all types of aggrieved parties.
Wishing you all the best in the seemingly insurmountable challenge and hope for a solid - and fair - recovery plan to be put into action soon.
Also, the community of us, LUNAtics, is looking up to you as the CEO of TFL and the inventor of LUNA, so it would be prudent of you, IMHO, to tweet more often with updates regarding what is going on, even if they are of general nature - we want to make sure you are handling it.
Thank you, and wishing you and the team the best of luck in this dark time.
Bay Area LUNAtic
3 Likes