Who did he sell to at $0.40? An invisible tree? No, someone bought his asset. If you now wish to steal from that buyer, then the sale should never have been allowed in the first place.
Yeah, someone who was trying to get easy money arbitrage!!
Let’s not pretend that people are saints, those who bought at those low prices only intend to arbitrage and make money, but end up worse because the price crashed to 0.10 and lower.
Their expectation was purely expeculative thiking of making money buy buying a supposed dolar for 30 cents…
No one is pretending people are saints. The buyer could be an evil hedge fund for all I care. You don’t get to steal from someone just because you want to. If it wasn’t for that buyer, your mate would be exiting at $0, not $0.40. The buyer owns the asset.
If luna doesnt go up, noone buys is and there will be no money to get terra up, at first you need to safe luna, thats the brand
Whatever dude, there is no point in discussing. I’m feeling you are one of those who bought big “dips” in the hopes of easy money and now wants your big bag back to $1 for easy profit.
Hello, look, I bought all my capital before closing the blockchain in different steps from an exchange office in Iran, but you have to give a logical solution.It may be funny to you to all those who are affected to some extent, but we trusted to invest and helped the system until the last moment, so what is our right?
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You mean one of the people that allowed your mate to buy at least some food and medicine instead of none? Funny how capitalist societies actually work whilst communist ones collapse, isn’t it?
I do not agree with this proposal. Seems to me that DO Kwon and his team are not trying to save or fix anything. All their decisions just made the situation worse and now they proposed to distribute the remain $ and get away like nothing happens. DO is a smart guy for sure but he showed that is not a guy who has the knowledgement on how to deal with crisis. And he probably will not have the time for that because he will have to face the authorities. There are a lot ideas on how LUNA can be save. Please ignore this proposal and let’s try to fix things and do not run away from the problem.
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Any idea how WLUNA on Coinbase is going to be managed?
I gather there were 24k or so WLUNA holders who got caught up with Luna’s demise.
How will these coins be treated?
The sad reality is I trusted you when you told us to ‘hang in there’ only to watch your organisation mint billions and billions of new coins completely devaluing our holdings.
I look forward to seeing a resolution that benefits all and not just a few
Forking is not the solution
Buy back, burn, decouple the UST from Luna
Get the price of Luna back to $1 so that it has a genuine chance of getting back to $130
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Yes, it’s in Korean(my native language) and it says exactly what the English translation does.
The shareholder council dissolved Terra Form Labs as of May 4th.
It’s hindsight now, but there’s even official news confirming the dissolution of TFL in Korean media:
권도형 테라 사태 예견?..폭락 직전 테라폼랩스 한국법인 해산 < 금융·핀테크 < 기사본문 - 디지털투데이 (DigitalToday)
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Hey nice proposal i wish it goes throught, everytime that happens a situation like that, the priority is to reduce the number of people affected to have the less social damage, i wish do kwon hears the community
Agreed! CZ have a good proposal, Binance believed in Terra before we even knew about the network.
1 - Terra 2 oluştur. Maksimum 10 milyar adet. İki üç milyar adet i vakfa gelir olacak. Borsalarda listelenip min 1 USD olacak şekilde sat. 1 USD altı asla olmayacak. Sonra gelecek gelir ile luna al ve aldığın luna ları yak. Böylece luna azalacak değerlenecek ve mağdurları yeniden dirilerek kurtulur. Külden doğmalı . Yeniden dirilmeli.
Wtf does this have to do with capitalism and socialism? The capatalist part in people is what drove this mess when sub-people like you started arbitraging when the depeg started
How difficult is to understand that “John” put 1000 dollars in a stablecoin that is supposed to be 1:1 and then when John needs to withdraw it he expects his 1000 dollars back?
You are a vulture who saw an opportunity to cash on people’s downfall and hope the worst for you!
I’m done here, blocked.
awesome that fuking terra stuff just keep SILENCE LMAO
idiots what are you waiting for? if you didn’t decide what to do SPEAK TO COMMUNITY AT LEAST, while you keep silence someone looking how to fuk up DOKWON HOUSE AND YAHT
stop fuking silence and answer to ppl
i understand you can’t answer anyone and you don’t need to do that, just fking be here and write words okay? do you have keyboard?
if it’s fuking scam i’ll find you billsht
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This proposal will bring a lot of legal suits and grief. Why not consider this one?
PROPOSAL #1273 – LINK: https://station.terra.money/proposal/1273
This makes a million more sense and cz would also agree with it.
6 Likes
This wont work because in this plan everyone will lose
You need to find a solution for everyone win.
Luna holders must win
Current market buyers must win
Ust buyers must win
MY Solution:
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Dont share your strategy for recovery only several people must know strategy.
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Buy Luna yesterday dip price for airdropping luna holders and and ust owners. After restoration luna holders will be happy for several billion dolars luna airdrop. You must airdrop this after everything ok. ( I assume yesterday you did this)
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Luna price will increase peg will restore. (You must buy some ust at dip and burn them.)
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Luna has 100 times more popularity compared to the before this problem. If it’s gain momentum to upside this momentum will be very huge. With this momentum current buyers will be happy . You need current buyers to rescue the project.
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After all this peg will restore Luna market cap will increase you dont need to fork or burn some Luna.
I didnt made any math calculation I may miss something but only way for solution making everyone happy at solution.
With your current solution current buyers guarantee lose. Holders %90 will lose in thiis reason this plan cant work .
“Sub people like you” lol. That is exactly communism: Violent rhetoric, combined with stealing from those “sub people”, along with self righteousness.
How difficult is it for you to understand that arbitrageurs are not the ones that designed the failed protocol you bought into? They take on the risk of UST going back to $1 which you’re not willing to take on. They’re the ones that provide you with exit liquidity.
It seems you’re incapable of understanding that “sub people” provide an optional trade which, if not taken, would result in you not being able to sell that asset! I suggest you go live in a communist country and see first hand how great your ideology works in practice.
tl;dr Terra is in the perfect position to become an institution that safeguards the entire ecosystem. Please bear with me for a few minutes.
I want to share some thoughts on ‘regulation’.
When the word regulation is used in cryptosphere, it is automatically understood as laws, prison, and the SEC. We are so used to that kind of understanding of regulation we can’t think about it in a different way. We can self-regulate.
Why do we want regulation for? This question has a different answer for each stakeholder but for us; to safeguard against certain systemic risks and scams is the leading reason.
To do this we start by creating a DAO under Terra Ecosystem but spans across all major chains. This token is airdropped to active users of all major L1 and L2s.
Receivers of this token use it to vote to select validators from their chain to be invited to the foundation. The purpose of the foundation is to create and maintain guidelines based on project type.
Each member project selects a trusted person on the topic and these electees form the study group which prepares the ‘regulation’. In case of derivation from the guidelines, a call for explanation is made by the foundation.
Each project has a certain amount of time to respond to the request or cease the activity/change that caused the request. If the explanation is not accepted, the member validators halt processing any data related to that project or subprojects; effectively ex-communicating the said project out of the ecosystem.
This will create massive pressure from all stakeholders of the project and heavily incentivize adherence. On the other hand, if a certain foundation validator/miner is suspected of not acting in good faith; it can be challenged by other validators or the community.
In such an event, the same rules above apply. If found guilty, the said validator is slashed, and a certain part of the proceeds go to the project that was unjustly banned and the remaining goes to the foundation treasury.
The foundation treasury is deployed when an approved project goes through a systemic event to normalize price action or protect governance of the project team.
In the case for $LUNA & $UST; this could have been be avoided if the concerns about a death spiral was taken seriously, and UST supply was lowered BEFORE the depeg and some part of the damage could have been compensated from the treasury.
keep strong lunatics!
Burn 90 % from each Luna sell. 10% will go to treasury or airdrop everyone who was rekt. Its win - win for everyone.
It will slow remove coins from supply and healthily raise price.
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