Terra Ecosystem Revival Plan

[TerraNumber1]

Tell her you gambled and lost

[pepa65]

What I haven’t heard very much about, is the people investing in Terra governance, by delegating LUNA for votes. This was facilitated by Terra Station, the official app. People stake their LUNA and it gets locked for 21 days, so that those they were delegated to increase their voting power.
These people had zero opportunity to do anything with their LUNA when all this unfolded, while they were supporting Terra’s governance structure. It does not seem fair that they would lose every last bit of their contributions to the Terra ecosystem.

[TerraNumber1]

They made bad governance decisions. Governance is in charge of the chain. If the chain crashes the buck stops with them so they should lose the money. This is how governance works - deal with it. You want golden parachutes in defi space?

We don’t need to reward CEOs who run their companies into the ground

[Rem]

So if i sold UST after last upgrade will get nothing?

[Issy_Issy]

BUYBACK LUNA WITH THE BTC RESERVES AND BURN TO REDUCE SUPPLY. SIMPLE!!! CZ ALSO TWEETED ABOUT THIS… stop fooling the holders. @dokwon

[Ori_Jarzin]

facts

[Issy_Issy]

UST is dead!!! Save LUNA and the ecosystem… buyback and burn… thats the only way to survive…

[jokeoftheyear]

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

1. BURN TOKENS
2. USE BTC Reserves to buy back UST
3. 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

[jemchujinam]

Please pay attention to this offer, this is our chance to save the project for a long time 8 Steps to Save Luna now - Economic Refactoring Proposal from industry professionals

[tulo]

If you really had 1200 bLUNA before crash and you have lots of LUNA now you should be happy with the proposed distribution. You’ll get tokens from the old bLUNA AND the new LUNA.
But I suspect you are in the team of profiteer who only bought now after crash hoping in a 10-100x.
Good luck.

[u011]

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

[Alki]

I agree with you 100%. The burn tax is a very good idea. Terra must remain Terra, it must not have Terra v2, we must rebuild where we are.

[wade_wilson]

The more I think about this, the more I think Do is an evil genius. Up until a week ago everyone was singing his praises and suckling at the teat of his cash cow.

Y’all got taken for Marks and now you want your gambling money back? Not how it works guys.

Do should pay, but those who bought a pure speculative bubble that (pegging aside) isn’t backed by anything need to learn their lesson. Bought just before Binance ceased trading Luna with the full knowledge I might be left with 0$

[i_am_here]

Guys how do you burn tokens exactly? UST must jump over 1 to start burning LUNA. OR u buy it off the exchanges and send it to a dead address. There is no way to burn it with your mouth. Either pump UST over 1 or buy back 6.5 trillion LUNA. 2 billion USD is not enough to buy back all LUNA

[TerraNumber1]

They would buy it off the exchanges (using the bailout money) and send it to a dead address

[gcastro]

That’s right, even CZ it’s suggesting this solution, making a fork would be the second worst mistake for UST/LUNA

[CryptoTTM]

Supposed we are very optimistic that you have $2bn of reserve left.

So UST holders get diluted from $1 to $0.07?

$2bn * 40% / 11bn supply of UST after attack = $0.07

For Luna holder before the attack they get a value of $2.10 at least?

$2bn * 40% / 380mil supply of Luna = $2.10

Can explain to us how is that protecting the faithful UST holders?

This seems like ripped offing the UST holders right?

Any mathematically inclined devs can verify my numbers above?

Thanks!

[asanchez]

again, buy back to burn, the community must keep insisting in this ad nauseam

[ovelisker]

한국에서도 응원합니다.
테라스테이션의 거버넌스가 너무 지저분해졌습니다.
광고판으로 전략한것 같아 가슴이 아픕니다.
루나 수량을 확 올려야 할 것 같습니다.
그것도 투표를 해야 하나요 ???
1237 투표율이 너무 적습니다.
위임자들이 아직 안움직인것 같습니다.
위임자들이 투표를 할수 있도록 널리 알려주십시요

테라는 네트워크와 생태계가 살아 있는게 본 가치입니다.
우리는 가격에 너무 휘둘리지 맙시다

비트코인도 수많은 하드포크를 했구요
이더리움도 해킹을 당해 이더리움클래식으로 나누어 졌습니다.
기타 하드포크와 롤백사례는 너무 많습니다.
원인이 있었던 것을 파악해서
잘 수습되기를 기원하겠습니다.

수고하세요 … 꾸벅

[TerraNumber1]

that would make the oligarchs less rich