Hey kwon where are all the BTC you had in resevre for this kind off thing ??
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they are supose to use the BTC when shit like this happens, so where are all the BTC???
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I just don’t understand why this isn’t the prevailing strategy. @dokwon has already said they’re abandoning UST so why not just start burning LUNA to get the price up attract new investment. It’s almost as if they want to kill the entire ecosystem.
BURN TO FIX THIS!!!
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Doesn’t seem fair that people who bought close to the bottom get their tokens not valid. this is a free market, anyone who threw money down top or bottom took risks. This should be dealt with well because it won’t be a good look for luna
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Yeah im sick of the sob stories. I held for years and got wrecked. Doesnt matter. It doesnt matter if you put in your life savings or borrowed from relatives. Thats called being irresponsible and now you have to own it. Nobody’s individual situation should have any bearing on next steps so people need to stop posting like it matters. I feel for everyone who got destroyed but focus on the path forward so we can get a functioning chain again. Our gains our gone, lets make a path forward to new ones.
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i still want a respond from you kwon, where are the BTC thats supose to activate when shit like this happens???
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@Rekt_Pepe Listen kid, I lost a lot of money on this too, but this is not the time to whine, I’m a software engineer, I know what I’m talking about, this chain is fixable, you need to implement an aggressive burn strategy, restore confidence by improving the value, buy back using $BTC reserves, there are many other proposals to help restore the current chain back to normal
Let me tell what will happen if a new fork comes, all exchanges will de-list LUNA including Binance, the CEO of Binance just expressed the need to fix the current chain which is more than doable but it seems like @dokwon wants an easy way out which would DESTROY this project for good, NO ONE will re-list LUNA2.0, NO ONE, it will be a dead chain, there’s no easy way out of this, there are no shurtcuts
Imagine rolling back the Bitocoin chain to a November 2021 snapshot to restore the value of Bitcoin to $69,000, it’s ridiculous for Bitcoin and it’s ridiculous for LUNA or any other chain, Bitcoin would die and confidence shatterred if that would ever happen
So enough of the nonsense and emotions, this chain is fixable, value is fixable, burns, buybacks and patches can fix these issues, plenty of proposals as well
NO FORK
NO ROLLBACK TO SNAPSHOT
FIX
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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
If let’s say is a fork… why the HELL are exchanges still trading LUNA ? Shouldn’t the team ask exchanges to stop all trades as all NEW buyers that bought before the halt are not eligible for luna v2 token ? This makes all NEW buyers the stupidest suckers that bought into a coin that are worthless from the start. That will be a FRAUD!!
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
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Exactly
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No, You dont understand the tokenomics, why then would you have invetsed in something that collapsed to 0 ! The death spiral, as you have noticed now, was already there, or do you think someone just brought it there by … chance. So, I think you are a bit confused.
People usually dont like speculator, but without them markets would not function as well… A speculator is someone who takes a greater risk for a greater return, and without them there would have been a few people left, if non, to buy a crazy price at a very risky moment… so a greater return for greater risk… where do you think the price of LUNA would be right now without speculator who are still buying now when the project is half dead. People are still seeing interst in LUNA and this is also thank to speculators.
Sorry, but your analogies are just a result of your “death spiral theory” and to the fact that you would like to be saved even if you made a mistake… we all make mistakes…just need to learn from them
Have you read by chance what CZ thinks about the DoKwon plan to restore faith in the project?
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many projects have suffered damage because of you, Venus protocol wrote that they suffered losses of about $ 18 million
simple math…airdrop 6trillion luna to luna holders then connect binance all thing is ok
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Yes I full aggre! I’m also a programmer, I think the burning good strategy, with a continuous schedule of the way burn, so nothing is damaged, sooner or later everyone gets back what they may have lost during their chain rescue! Listen to him and CZ !!! This is the only option if we still want to be successful, everything else will only take me to hell!
The share of the transaction fees received for incineration, the funds received from any auxiliary institutions and the emergency reserve could be covered! Important: you don’t have to at the same time! It needs a good schedule that will restore LUNA inventory and value in as little as 1 year
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Burning is much better idea. Give value to real holders and avoid a bunch of lawsuits
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Burn baby burn…
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Ok you can’t understand the difference in risk between a black swan and when it already happened… I don’t know how we could discuss any further.
Speculators could be useful but not when trying to gain advantage from an ongoing exploit. Again, if you don’t understand this we don’t share the same common sense.
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Lost of confidence. Move on. It’s a learning process. Never trust any algo based pegging.
Hi Do Kwon, I agree with your new proposal. But a question I have is that. How will they distribute the new tokens to Luna holder’s before the de peg. For example we are a loyal luna holders since February 2021. Never took single $ profit. ( it was worth $675 k at all time high ) We had staked most of our Luna but had some unstaked due to accumulated more. We also bought more at $54 $52 $34 $2 after depeg worth of $35 k. Feeling like stabbing my own self
after that. The total Luna we had in our account paying very high price is worth of $2 as of today. I just hope in new project all of our coins will be considered not just the staked once. Please consider this request. Hope we all can come out of this situation and recover our losses soon. Everyone still has a Hope in Luna. My son was the super believer of you and your project. And that’s the reason he never let us take out any single $ out of the portfolio. He almost had a heart attack at age of 21. This was a really really hurtful event, mentally and financially for everyone involved with Terra Luna. I’m really hoping everyone will come out this situation very soon.
Thank you!
I totally agree with you, but this proposal wants to simply “forget” that the crush happened, but this benefits only half of the investors not all of them! The best solution is to let the market decide, and start burning the minted coins (what also CZ from Binance suggested!)
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Burn is the only way out and UP
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