I believe you are a tech expert. I trust your tech skills. but this proposal about reset the network and redistribute to different investors based on some random percentage will kill your project completely.
Among all different proposals, this is the most stupid proposal.
you build and run a de-centralized eco system. the most important rule is fair and ability to deal with the crisis like this, not trying to think of compensate the old investors and discriminate old or new investors. you do not have the right to decide who should be paid more and who should sacrifice.
what you need to do is to fix the system and bring the system trust back. so small tax on each transaction to buyback luna and burn luna. at the same time, pls try to raise some funds and the reserve to do some buyback and burn.
pls for god sake stop minting more n more tokens , just use all the LFG funds and burn all the abnormal supply ask help from cz and orher big investors , but start doing it now rather making luna a pure shiba 2
Understand your point but you can’t blame anyone with that, because they buy from the current market price that make by the system we trust
The problem did not cause by people who buy when it low or high price but cause by vulnerability of the system that you well-know the risk before you buy
Mr @dokwon, please take some time to read classic-agora.terra.money/t/proposal-burn-and-remedy-fee-with-each-luna-transaction/12176. Re-creating a new token to “revive” the ecosystem - will definitely LOSE a lot more trust. People have spent their money on the existing coins. We didn’t ask for a new token, and “preserving” the ecosystem benefits you more than the million people out there holding UST and LUNA. So, please, listen to what the majority wants. You have been consistently boasting how good both coins are and even saying, “Failure of UST = Failure of Crypto”. The right action is to SAVE the coins - in the RIGHT way, and not run away from the problem.
defend protocols not LUNA…already lost…if huge amount of ust and luna going through protocols governance income will flying
not sure what you trying say, are you trying blame the people to protect their asset even if looses.
the dev team should use the reseve to protech UST cause it was meant to be stable coine.
but they chose to increase LUNA and it caiuse both LUNA and UST holder doomed.
In a few words, there were those that were loyal to $LUNA RESPECT and there were those who tried to revive and there were those who invested in a failiing coin all deserve gratitude! It doesn’t matter at which stage we are all in this now BURN BURN BURN and those who lost money will revive, those who invested newly will get uber rich and that’s the end of the story.
BTC has been transferred to Binance and OKex
I don’t know what happened next
All I’m saying is everyone held a UST bond theoretically worth $1. It was their choice to sell the bond for less than that. If it wasn’t for buyers, UST sellers could never have sold their bond. By selling it, they’re selling it at a discount because the buyer is buying the risk that the bond will not go back up to $1. That is priced into the sell price. This is how markets work everywhere.
@dokwon, listen to cz, all $LUNA is equal, those dudes who shorted it caused the problem, but the guys at the bottom at $.000002 are holding down the fort, so if you decide to give back to the people who bought at the high because you feel bad and the guys now get nothing, then you ought to feel bad for the guys who are still holding and have held down your fort.
Hi @EdKraftman ,
I messaged you - the proposal part did not work, but I also let you know where the Agora part is if you would like to try to post it ( Proposed Recovery Plan (Proposal) ). Also I tried to send the LUNA back, and it has the same error as the proposal did (I included a screen shot). Also mentioned a thought on how I can get you back your funds (thank you so much for letting me use them - it just would not work no matter how I tried it).
I hope you are doing well 
Some people bought BTC at 60k and some bought at cents that’s how the cookie crumbles.
That’s absolute BS those guys who bought now are taking a huge risk, those who bought while it was failing tried to revive and those who bought earlier supported we are all part of this ecosystem and we should all be treated equally and besides those who make money now are dumb to sell because they bought it for pennies in 10 years this could be worth billions or even trillions.
Where do we see the current vote/proposals up for vote?
Hope that isn’t true - but who the f knows so many conspiracies
I’ve lost more than 10000€ in to rug pulls and honey pots and nobody hasn’t returned my lost money. Why would you return money to people who didn’t do #DYOR? The risk existed in UST, but nobody didn’t do their #DYOR. Someone mentioned to you that the risk existed, in twitter but you refused the discussion totally saying it’s bs and now it happened. Cryptos are riskable and shit happens.You shouldn’t not invest more than you are willing to lose. Always has been said “DYOR”.
Exactly the point. Not sure if you have read this proposal but I personally found it the ever best these days. You may wanna have a look at this: [8 Steps to Save Luna now - Economic Refactoring Proposal from industry professionals].
Exactly. Some people here are saying “think about the poor people who bought it at $80 and now have nothing”. What about other people who also have nothing because they went all-in when LUNA was worth $0.10? Their savings are also eradicated. Who would dare to call the $0.10 purchasers “speculators”? LOL - the people buying at $80 were also speculators thinking it would go up to $800!
Yes, the $0.10 group now have much more LUNA than the $80 group, but there was no hack that caused this, just the protocol operating as it was designed to. Everyone knew the supply was unlimited and would be increased to maintain UST peg. There were no surprises ever.
Spent at least 5k from 5$ to .00000x , buying at 20 bucks gives zero priority over lower dca. Agreed