Like it or not, any proposal that doesnt include compensating luna holders pre ust peg alongside ust holders will not he popular, will just create war within the community. Compensating both is required.
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Actually, no. I served time in pelican bay and Corcoran.
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First off, radio silence is not the way to go! Should be keeping everyone updated instead of disappearing for sure.
SAY 
NO TO DO
Why is this thread pinned???
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No sir listen to cz_binance buy back the tokens you spawned and burn them you caused the mess you fix it. don’t play innocent this is your 3rd failed project and u just wanna make more? fishy sketchy and stupid.
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Like it or not, this is not about being “popular”. It is about fulfilling obligations.
It is irrelevant whether or not scamming UST holders and stealing their money is “popular”.
Compensating UST holders first and foremost is required.
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how to stay out of jail for securities fraud 101 right there man
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Entonces el problema es, que ust es la stable coin y se vendia con un valor equivalente a 1 usd, que como el problema surgio en el algoritmo de UST, los inversores de luna pagaron los platos rotos de la mala gestion de terra, devaluando la moneda a niveles inconcedibles.
Por lo tanto, como hay que salvar el culo de la direccion, se salva ust y a luna que le jo*dan
that’s not exactly correct, many sold and bought the dip NOT knowing for the supply increase which diluted and inflated the tokens, people did not know that and got fucked. This has nothing to do with normal trading, yes, there’s always risk involved, but the risk here was not calculated and we went to 6.5 trillion coins. This could have been stopped, but it wasn’t, so do not talk about risk here, that was not only the case.
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Whilst i agree that ust holders are an upmost priority when it comes to compensation i just dont agree with your opinion that luna holders pre depeg should just accept the narrative of something along the lines of ‘sorry, you knew the risks’. Many luna holders were staking at the time and were even less able to mitigate damage than ust holders. Hopefully a consensus which favours all, not just part, of the terra community can be worked out.
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- The pre-depeg UST/LUNA holders that sold after the attack up until the the final moment of the chain halt should be rewarded the least!
- Those who sold accepted their loss. They are the ones who caused this mess in the first place.
- Also you cannot decouple UST and LUNA holders. There is a codependence between them.
- The UST/LUNA holders that didn’t sell after the attack and the buyers that kept buying up until the final moment of the chain halt should be rewarded the most. They are the ones who took the counter measures.
- Everyone after the chain halt should be least considered. They are opportunists trying the merge themselves with the rest of the faithful UST/LUNA holders and the buyers that kept buying during the crash. Both of whom lost the most.
- This will send the right incentive in the future.
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Ok, let’s do this redistribution plan!
What will happen if you shrink the supply from 6.5 trillion to 1 billion? Will those who bought Luna with 6.5 trillion convert to the new Luna with 1 billion?
I have one solution, just change program ust from algoritmic to backed reserve using real money if you don’t change thats system on the future something like this will happen again and for luna you just need to buyback and burning luna coin day by day until the current supply to 1B coin, just listen CZ binance men, He offer solution and help all holder.
Why break down the project and the community?
Mistake were made and now we have to find a way to correct them.
Giving up and redistributing is not a solution.
OHM forks do that. Are we an OHM f***ing fork?
The proposed solution should be: first give a step back and look at what went wrong, take the time and define a long term development plan to fix the issues with UST. In parallel and with urgency bring a short term plan to finance the burn of the 1.6b Luna (tax on transactions?).
That would not include $LUNA on osmosis since they have been bridged to Osmosis you cannot really take the snapshot of that on Terra blockchain but Osmosis itself.
because you are one? sounds a little bit to egoistic, right? it’s not about ME FIRST
rooting for Terra ecosystem. everyone seems to be preoccupied with the apparent death of the protocol. i am more interested in decomposition.
cheers and godspeed y’all
And why burning ALL the reserve? Tax on transactions and swaps is a way to make money to burn Luna.
Bumping proposal 
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