things should stay as it is, you have luck, sometimes not, thats the game.
We are the new whales, and we want a coin burn. We want prices to skyrocket so we can be rich.
If anything else happens, a fork or something where the new coin holders no matter when they bought will not get an equivalent peace of the coins (i have 50k so i want 50k v2 coins) i will sue and bring mayam and havock upon your assses like never seen before, i will boykott this and the future projekt so hard even if it costs me all i have, my job my wife my social life.
Everyone thinks of their own interests. Those who oppose the new luna are new investors. Why is it not considered to reproduce instead of burning? Luna value before the attack is certain, and the costs of the areas after the attack are also certain. the best solution is to give everyone a lunar at their own cost based on the lowest lunar value. The total supply may be 650 trillion, but everyone has value in their hands. Then the burning process starts. For example, everyone sacrifices 10/2. gas charges are increased, combustion is accelerated.
Let’s say we get a fork of the chain. The only way to new and trusted economy. With either a collateralized stablecoin (have to adjust UST’s mechanics) or a external robust stablecoin. Most protocols can still exist and migrate to the new chain. Maybe even a tweaked Anchor Protocol with lockups for the stablecoin to prevent a bankrun.
What if the LFG remaining funds are used to reimburse ‘small’ wallets (UST). There’s a post on Agora about this.
And the Luna stakers, bLuna, LunaX holders will either get tokens for the forked chain. Or alternatively receive the fees generated by this new chain proportional to their Luna holdings. This way, real Lunatics will own the new chain and will likely stick around. A large sum of the new tokens can come into circulation exclusively through Luna stakers/holders.
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 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…
Forking is not the solution. Issues should be fixed on the current chain, otherwise you’re just shifting the problem down the road. If this proposal goes through, there are no guarantees as to price/survivability. If we stay on the current chain and fix this, Terra will end up a champion.
As to solutions, I think the 3% burn solution works. Lower supply gradually, use of a repository to bail out those who lost and buy back the UST. What else is there? This solution costs literally nothing, except to those who buy/sell, which at current prices is diddly-squat.
Why you don’t just improve a fcking little your communication in twitter!!??
Are you aware of how many people is absolutely desperate thinking if they should buy more LUNA or hold it for DCA, without knowing if they will be fcked again by your final plan?
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.
Can someone explain what this proposal implies?
As far as I can understand, this means minting more LUNA, is that right??
No, I’m not old, but not new. I switch all my 43K USDCs in the UST for 1:1 in early May, and I bought for 100 Luna ready in early May. And I am against the Fork, because compensation, will be so low, and the end loss of all my UST.
So no, there is no need to compensate, whatever it is, if we reduce the value of the Luna. The UST will follow itself, and can gradually hang on to the dollar. And no one will be loser in time, except those who have liquidated everyone and helped push the problem.
Why you don’t just improve a fcking little your communication in twitter!!??
Are you aware of how many people is absolutely desperate thinking if they should buy more LUNA or hold it for DCA, without knowing if they will be fcked again by your final plan?
you got screwed and your only solution is to burn every holder and create another coin to ** new investors money. i lost 100k all my savings and many people committed ** because of your arrogance
No refund for Any holders, if old holders get refund for old price before crash, than the new holders after crash deserve the same compensation for old price !
in advance ur wellwisher