I’m still a LunaTic, absolutely my favourite and I’m not giving up yet!
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Hi, I don’t think that model of redistribution is fair.
Today some people are devastated, some are ruined, some have even committed to suicide.
And it is not because they lost an investment in a cryptocurrency called Luna. Investing in cryptocurrency, as in stocks, is a risky investment and everyone is conscious about it. Everyone has lost investment in the past. I lost with Luna as well.
If some people are devastated today, it’s because they made a deposit in a stable coin. Something safe. They have invested the money they weren’t able to lose. The money you don’t take risk with. The money you cannot live without.
I don’t know if there is any chance that LFT funds will be redistributed. I don’t know if a hard fork can work. I just know that if those funds can be redistributed in any way, those funds should go to the people who held UST before the unpegging event.
Agree, sounds crazy and illegal. Many lawsuits will come if this plan materializes.
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Even if it’s a cryptocurrency that can be risky to invest. There’s no where said that it will become trillions from billions in supply within a day or two. Or the devalue will happen due to developers fault.
I think its sad to read all of these messages and to STILL have no plan in place after weeks of this mess.
Buyback and burn… use the BTC the foundation owns… can be done easily with current marketcap… so do this!! CZ also mentioned this on twitter… save LUNA no time to waste… @dokwon
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Do Kwon or anyone from Terra Team is really interested in saving the Project. He just replied or showed his face to save himself from blames. Just a act. That he is working etc
I never such irresponsible team in any project in my whole life if it’s not a scam.
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So many had important finances in UST/aUST, including myself as I still do. My heart is out to you all and I know this hurts.
This plan needs alot of work. Seems like a new stablecoin that is 1:1 backed by collateral for airdrop would be necessary. Or it will be the fastest person to liquidate there airdrop wins… Personally, I would like to continue using Mirror as I just figured out how to use it. The token drop should address LUNA stakers (bLUNA) and UST holders that had UST before May 6 and the same amount before terra chain was stopped as most important holders. Also, addresses that were engaged in voting on terra projects would be important addresses as well.
Dont give up Terra, be accountable, make amends, over come this and create a better decentralized money. It is needed.
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Reclaiming Luna will demonstrate confidence and improvements in the project, and will increase respect for Kwon and developers.
Creating new Token will be a total failure. Just one hit.
Kwon. Use all funds, reserves, and personal assets to urgently recover Luna.
Otherwise, no one will believe in any of your projects anymore. You will be excluded from the crypto world. He will face several lawsuits. you can go to prison
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Totally agree, people buying now is taking benefit from the situation
Лучше медленное восстановление чем полное забвение!
A slow recovery is better than complete oblivion!
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People who buy now are taking risk to lose everything to save the project… the people who dumped and crying for refunds want to profit double… they want to take benefit of the situation… ask them to buy instead of asking for compensation…
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Go forward with this plan and enjoy increasing your chances of spending time in white collar prison
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Here’s my 2 cents:
Fork Terra (v2)
Fix the death spiral problem by forgoing $UST
Launch Terra (v2) with a 3% tax(2% $lunaV2 goes directly to the fund+1% buyback from the open market) on transactions until everyone is paidback, after that can buyback from the market, making the token deflationary
Promise to repay everyone by getting them IOU’s in staked and vesting $lunaV2
The user can use that vesting $lunaV2 to pay for services/projects/etc inside the ecosystem
thats for those before the attack (90% $lunaV2 to both $luna and $ust holders)
for those that came after well they knew there were problems so they take (10% $lunaV2 - the real knife)
Pay marketing, team, whatever by giving them IUO’s $lunaV2 which unbound the chain performs
Make people want the save LunaV2 to take what they lost back (full distribution + buybacks + vesting)
Dont let money exit out before the new fork is healthy
just my opinion, no hate
peace
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I never saw CZ being so vocal about any project so much.
I even believe if Do Kwon with support from CZ can solve this problem. And I believe CZ can even do VC for to save Luna if there comes any hope. Just I don’t see any action or activity from Do Kwon and being so irresponsible he said on Twitter that he was just making phone calls all this days without coming up with any solutions or plan.
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Разве можно копировать чужой текст без сноски на пост? (Мой!)
Is it possible to copy someone else’s text without a footnote on the post? (Mine!)
What about people who bought way higher with a much lower supply? I’m not saying those who bought very low shouldn’t keep their coins, but can’t we compensate people based on their buy price to some extent?
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Bumping good proposal 
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The only solution to restart the project is to use all the reserves in Bitcoin to buy Luna so that it returns to 1$.
I don’t believe that whoever is behind the project has already used all the bitcoin reserves.
If ust doesn’t return to 1$, the project is dead. Only by returning UST to 1$, will people regain confidence and consequently will resume buying Luna too.
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CZ is a chad and understands that with the way Do and his team are currently handling things, there’s no chance of saving Luna. Luna goes down and this will have massive corrosive effects on the integrity of crypto
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