We should keep the original network ecosystem in place and get rid of the UST mint to Burn Luna function and just burn terra Luna and raise the value, I think this will make everyone whole again, developers will create new projects and come up with great innovations and perhaps include dapps with tax withholding and retirement. 401k and IRAs there is so much to do. On voyager and Gemini you can still purchase Luna and the price has not went back to 0.0000001 since the last time. Use the bitcoins to burn Luna and everything can get back on track, just minus the UST which is unfortunate but that is over now.
If possibly they wanted to burn luna they would do it quietly, or else the price would rise and make it a more expensive process which could doom the process to a failure
I really don’t know why people that bought Luna before 8 May think they are entitled to get a better deal than people that bought afterwards ? Just for your information, Luna is not an NFT.
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Really don’t care about forgiveness. Just giving support to continue.
Take care
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i had 110 lunas… today i’m over 5 million and i spent 500. its a DCA and this is an investment… i dont think we deserve anything because of an attack… it’s a risk like any other… what i was trying to do means a way for the project to continue and people get at least something back. i’m still way down from my first investment, but i understand that in the end this is my fault too i could had a stop or i could had bought something else.
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That is theft. I am a good-faith purchaser for consideration of a fungible token—i.e., a token equal to and indistinguishable from every other token of its type. What I bought is mine, and shall stay mine. This is not open to negotiation.
I did not take extreme risks that you chose not to take, at a moment when you chose not to act, for the purpose of breaking even. I bought what I bought, and what’s mine is mine.
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I too held Luna before and after the depeg. I have 2.5m Luna bought as a gamble to try and claw back my £6k loss. Trading of Luna has been open on a few exchanges since 11/12 May. I feel you’ll have lawsuits if terra just deletes the minted Luna which was meant to peg UST back to the $.
Any deletion of Minted coins (unless they are burned) would in my opinion be unlawful as people are trading a token , regardless of it value.
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I understand your point of view. but my comment is based on this proposal and in a way to rebuilt the ecosystem since with the amount of luna minted we can’t go much further… but with a collective effort we can, all make money AND rebuilt Terra.
Hey did you receive answer?
What’s not fair about that ? People like you are just not realizing what really happened. Luna had a faulty protocol. This means that if you paid 60$ for each Luna, you were paying too much because at its core the Luna protocol was a disaster and hence Luna was worth nothing. The failing peg showed the true value of Luna … nothing. Hence its price collapsed, you lost your money because you did a terrible investment and other people can now buy tons of Luna’s at the pennies. There’s nothing unfair about that. You are trying to get your lost money back by stealing from people that bought Luna at its true value. Stealing is unfair.
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Only one thing… the fail part is UST/LUNA… LUNA and Terra work fine and sustain more than 30 projects needs to be seen globally. But i agree with you on people dont deserve nothing back, but you need to agree for this to be rebuilt we need a burn and everyone needs to participate and not in equal quantities
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that’s not s bad idea buy both pax gold and BTC peg ust to pax gold and keep BTC as reserve this keeps ust stabilised and in check. The team can use the large excess of Luna to purchase pax gold then peg it to ust
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This was done the same way agressive takeovers were done 8 years ago before trading rules change with stocks. Same amount of unbalance is done when a country does a rebalance of is debt. don’t be mistaken that this was an exploit and an attack that worked based on the faulty part of the protocol.
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Tem que queimar 
os tokens.
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I agree on the burn. I don’t agree on the part where everyone needs to participate in unequal quantities. I bought for 17 ETH Luna the day before they started to print trillions of Luna. So that investment is in the toilet. There are others that with 50$ bought more Luna than me with my 17 ETH. I am not entitled to get a better treatment than those that bought at 50$. They were smarter than me. I overpaid. If I want to do something about my bad investment, I should buy now more Luna.
There are proposals on how to deal with the burn. Luna team can buy coins with some of their reserves ( if they still have ). They made this mess, so if they want to rebuild trust they should be willing to use some of their reserves to buy up trillions of Luna and burn them. There will always be sellers. Most people that got burned ( and 99 % got burned ) will probably sell their Luna if they get out of loss or recover 50 %.
Another proposal is to use fees to buy up tokens, increase fees, burn fees, get money from outside to buy and burn, … there are options enough.
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We don’t have voting power? We do actually…my wallet is the voting power and if I don’t buy into this then its the final call for Terra Labs. The people who run Terra do read these posts. This is our way to make our concerns heard. Remember everything in life is ruled by the dollar…so occupy their wallets…or don’t listen to us…miss the moon and crash into the sun.
A única forma de você provar para o mundo, e voltar a ter confiança, todo o patrimônio próprio, os fundos não são financeiros para você salvar o luna queimando tokens.
Novo token é somente para fugir com o dinheiro que deveria ser usado para queimar luna. O novo token nunca será planejado, nunca terá valor, e você irá prisão por fraude.
He will go to jail. A burn is the only way. He is commiting a massive fraud.
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The only way for you to prove to the world, and have confidence again, all your own equity, the funds are not financial for you to save luna by burning tokens.
New token is just to get away with the money that was supposed to be used to burn luna. The new token will never be planned, will never have value, and you will go to jail for fraud.
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You really believe that you have any power ? The first thing Terra did was stake tons of hyperinflated Luna in order to “protect” the ecosystem for bad actors.