We are not moving, if the devs are not moving.
It’s the design fault in the first place, not the community.
Check out the voting on this proposal. “Burn The Remaining UST in the Community Pool + Cross-Chain Liquidity Incentive UST”. The quorum is about to be reached and majority of the votes (97%) are YES.
You do know that UST came much after Luna, and before its existence Luna had already seen 17 dolllars.
when is the new update is been days.
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they will burn out when it is above 1. you need to rewrite the code.
People are talking about a depeg insurance…UST yield chasers who chose not to use the offered depeg insurance are no more worthy of compensation… never used anchor, never heard of depeg insurance, but if tis is true UST hodlers who did not get the insurance should not be compensated
Fun fact. If they had taken action immediately they could have bought all 7t tokens for 7 million dollars @.000001 as it was down to .0000006.
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Knee jerkers need to realize this. A reset and this distribution weirdness won’t fix anything.
What do people want? Another depeg event during the same recession. lulz
No because all tokens not selling. Supply is little
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Good afternoon.
Carrying out a fork of the Luna protocol is not feasible for the following simple reason:
- Old investors cannot be rewarded, because they did not believe in the project, they sold, they obtained billions in profits.
- The best way to help current holders and new buyers, who firmly hold the currency, is by burning the circulating supply.
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investment = gamble. you lost, thats it, game over. no one ever said investments were 100% sure profits. it always has a disclaimer on the bottom that said, YOU CAN LOSE IT ALL, which thats exactly what happened
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Absolutely correct. Agree with you completely. UST’s algorithm failed. We have to accept this and move forward.
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Do Kwon, don’t give up so easily on all of us, revive LUNA for all of us holders please.
If somebody sell of course. We need check only ended balances
This plan has to STOP before court happens and it will be game over.
If they had taken action immediately. There would have never been any hyperinflation
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That’s what I’m also keeping saying from beginning and if seems to be the fairest and logic solutions.
I don’t know why they are still sleeping… Millions are flowing to LUNA these days, what should people do more?
This proposal attempts to restore the value of LUNA in a reasonable way, and to improve the weaknesses of the original system, reasonably constraining the limitations of UST.
I think that fixing the original system will make people more trustworthy than fork, please read this proposal.
Terra Station
CHECK OUT THE VOTING ON THIS PROPOSAL. “Burn The Remaining UST in the Community Pool + Cross-Chain Liquidity Incentive UST”. THE QUORUM IS ABOUT TO BE REACHED AND MAJORITY OF THE VOTES (97%) are YES.
As far as I can understand, this means minting more LUNA, is that right?? So how can this proposal be accepted so silently? Does anyone have any idea what’s going on?
If this is accepted and implemented, LUNA will get completely valueless, after which there will be no other scenario other than Do Kwon’s proposal. Rising/stable price of LUNA in the last two days is the basis of arguments by many people who opposed to Kwon’s proposal to fork. And now -if I am not wrong- a proposal for complete murder of LUNA being voted and is VERY CLOSE TO BEING ACCEPTED leads the way inevitably towards LUNA V2. Doesn’t this look suspicious to anyone???
Or is it me getting the whole thing wrong and this proposal does not imply minting of new LUNA???
Sorry if it’s the wrong alarm…
I think Do Kwan would rather watch Terra burn down than relinquish control. He’s obviously a narcissist troll who makes fun of poor people.
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