It won’t! But most of people here is wanting that, they want to burn the tokens! I am not am expert but in my small mind I can say you can not burn what people holding now, let’s say someone now holding 1B tokens, how could they burn their token?
And I feel like who are telling them to burn are the people who actually own millions/billions token now so they want them to burn so they get easy money!
You can not burn the tokens which someone holds, and most people proposing to buy back the tokens? How could they buy back? They need billion billions dollar to do that, I don’t think even Elon musk can do that with this much of circulating token!
Well said—modulo the fact that Bitcoin has a hardcapped supply, whereas LUNA is designed to dilute holders when UST falls. Those who do not accept that, clearly do not understand LUNA’s advertised tokenomics! And they have never heard of DCA.
Retroactively making LUNA non-fungible based on purchase date is a rug-pull, plain and simple. Everybody deserves to get the equal and fungible token that was advertised at the time of purchase, period.
@dokwon use the BTC to buyback and burn to reduce supply… if the BTC reserves are not enough to buyback then speak to CZ… let him invest… Binance will support us the way back to ATH
Unfair by choosing which members of the community benefit.
It will probably lead to you being sued like crazy.
Its not a revival plan its an admission of defeat.
Check out the burn proposals - including a very sensible one using a transaction tax
Exactly, not to mention that his proposal is unffair to new investors that started buying bags of LUNA after the blockchain halt and also they are left with 0$ now…
I understood the tokenomics, and I knew that there was a risk, but a marginal one. It’a not like the death spiral was already there. So it makes no sense what you’re saying.
Who bought at the bottom knew that the risk was already there… so again your reply has no sense.
And the BTC comparison makes absolutely no sense at all. It’s not the price what is matters. It’s that when Luna was at the top there was no death spiral, when it was at the bottom there was so the risk was already there and who bought there shall carry the burden. Same if a flaw is found on BTC. Who tries to exploit that flaw should be compensated less because they are almost at all speculators.
Moreover, between who bought at the top there were no 200x speculators like when it was 0.01. These who tried to do a quick 200x knew the risk because death spiral was already there and should be compensated less and later. Again: who Hodled more should be compensated mor.
Dear I am confused with the redacted text, if I had UST in Anchor and when the incident happened I transferred it to the exchange without selling it, what would happen? And also for UST holders who had left their UST on exchanges?