We don’t expect Luna’s new investors to be good Samaritans, we just want them to push capitalisation and trade, because if Luna appreciates in value, people who have gone broke get their money back. But this cannot be done by investors alone, the capitalisation they can achieve is limited due to the huge money supply generated in the failed operation to recover the UST parity. This is why it is necessary to ally with new investors by boosting their profit expectation with guarantees of Luna’s continuity and Luna’s progressive burn.
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every one will sell LUNA2/UST2 after the fork, they’re afraid they’ll be baited again.
at least burning solution will encourage people to buy and hold, and it’s much more healthier for the ecosystem.
(I’m both old and new holder)
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I don’t disagree with your logic, but everyone has their own reasons. I DCA’d all the way down to a profit but have continued to hold and stake everything I have bought because I believe that the world does need another option. I think the ecosystem built on LUNA/UST is robust and has potential. If I wanted to make a quick buck, I’d already be gone with a fat wad.
I recognize the potential here and am putting myself at risk because I think there is something here worth saving. If I lose everything I have invested here, at least I did so according to my ideals.
I do not believe in compensation, I believe in the free market and in incentives to boost trade: Luna’s guaranteed continuity and Luna’s progressive burning are two powerful incentives to obtain a capitalisation that raises Luna’s value through the free play of the market. I do not exclude compensation, but it is a mistake to conceive it as the main objective, when we are facing a problem of depreciation and insecurity of investors to commit more money to Luna. Yesterday, trading just a few hundredths of Luna moved a mass of value equal to BTC and Ethereum combined. What are we waiting for?
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if only those guys who bought at 120 aint crying foul
Dude it’s wrapped luna token lol
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No sir, doesn’t work like that in crypto bub. Buy more a& wait
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D’oh, your idea is complete and utter rubbish. There already is an ecosystem that people have faith in. It already exists. Your proposal is something a grifter would suggest. NO ONE in his right mind would put any faith in you. The incompetence of the LFG during this debacle has been criminal. You have blood on your hands, sir. I hope that FatMan’s proposal goes through. But considering I was stupid enough to believe in you, I don’t have any faith that such a straightforward and sensical proposal will pass. You should hide your head in shame. Make sure you use the money you have stolen to get a very good security team. You will need it.
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I have lost my ass so many times in crypto? All of a sudden we heed to help people out? Luna is fine at 6 trillion fix the algorithm or dump UST all together. Let the dust settle get the help from the other coin projects and CZ himself. Relaunch UST if you can fix the peg… Then you can work on the Luna burn… That proposal talking about snap shots and rolling back stuff then giving 40% to you and 40% to you that’s called bankruptcy LOL. This needs to roll as is if there is any chance of recovery PERIOD.
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Bro I’ve been telling people same thing. I’ve lost a shit ton in crypto, now people want relief?
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Well this guy is 100% accurate.
And i think the same way, if those investors and coinholders (luna like ustd) sleep, then they dont might wonder why they get fkd.
And i also agree with when he mentions that its the task of the comunity to point on certain issues, since many many youtubers and analists said that this kind of attack could be possible and ust and luna is vulnurable.
then the communitys task should have been opening treads on this page and complaining to the developers, and if they dont react to pack their money bags and leave on spot. Or go tell the issue to that binance ceo and just make it publik as much as possible, but no one did.
so at the end nobody needs to wonder after the attack, and therfore has ABSOLUTLY NO RIGHT for any compensations.
because theyve just got beaten in this game its a financial invoirnment.
as a biologist i can say if the nature would let the slow, stupid and weak and sleeping benefit then we would go backwards in evolutionary progress.
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fatmans plan involves redistribution if im not mistaken. this is not how markets work unfortunatly and cant happen without massive legal repercussions and inciting widespread distrust in crypto assets.A better idea is for do and corp to buy (at market from willing sellers) and burn.
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On point this proposal is insane. Honestly 
if they can fix the peg / Algo. Get help from other projects and CZ then just keep rolling. I have lost my ass so many time but no one sent me a check…
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OMG me also 
keep this train rolling and fix the peg.
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agreed
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I’m speechless related to this plan, basically all that it offers is… changing the name of the coin, now I understand why they don’t do anything.
Let’s be fair, you want to save Terra ecosystem? take real actions:
-Guarantee tiny UST investors, use the current reserves to give them their money back, with UST you can’t do anything else because of how stable coins work, only option would be to manage to find enough funds to restore the dpeg and I call doubt on that.
-Related to Luna the problem is simple, there are too many Luna on the market, how to solve it? first of all the reserves that weren’t used on UST tiny investors should be used to do a big burn of Luna, even if it doesn’t reduce the number a lot it’s at least a gesture, on the other hand add with this action a way for people to be able to burn their own Luna, Shiba Inu for example has a voluntary burn system for it thanks. Luna could learn from that example and improve over it.
These actions add value, painting the broken car with a different colour it’s just painting it but worse, because there is no way to do a decent token distribution, What a joke.
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was thinking the same about them buying - also while using this “revival plan” to suppress price by making buyers question whether these currently discounted lunas will be valid.
@TerraLuna Terra and LFG should use 1.5B in reserves to fully reimburse the 99.6% of UST anchor wallets at the time of the depegging. Why only 99.6%? These are the smaller investors (people with less than 1m in anchor) they are the most highly impacted. Also it’s the majority of people using the blockchain. Fully reimburse these users and you boost sediment, and gain the trust of the majority. To reimburse UST and Luna Whales (they are highly important as well) utilize @dokwon idea of new token and give it to them proportional to their previous value of their holdings. 99.6% of the ust community will get paid back, giving the project more trust when the new token is dropped. Also said token will be backed by UST and Luna Whales. Only question I have is where is the 1.5b in reserves?
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Agree @WarDestiny I really don’t get why it’s so hard to understand. it’s all started with UST depeg. that’s the root cause. Only to make UST pegged, then there could be a chance to save Luna and the entire ecosystem.