you are a disgusting human being
classic-agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471/1879
That’s only way
All must help to buy all
Rebuying UST with 1B worth of BTC without fixing the algo is like directly burning 1B worth of BTC
Luna holders are to decide if they want to trash the 1B fund as CZ irresponsibly suggest.
A collateral fund is not there to rebuy a chain with a bug. You are planning to sell the BTC Dip. Buy! Make the fund stronger as a reserve for ust2. The chain as it is, turned worthless.
A fork is necessary
New Coin must have the LFG fund as a collateral. Buying and not selling the Dips!! On the market tops, borrow dollars as a collateral and use them to buy more BTC on the dips. As a regular investment fund would. You could use the fear and greed index through an oracle, directly on chain.
Lunatics please Don’t sell your BTC to buy an unfixed and worthless UST
If you’re sober enough, you should realize that new coins won’t help. The key is Luna’s explosion. Only by using the reserves, silently recycling Luna, and then destroying it, can we regain market confidence and save UST and Luna at the same time, and these shouting voices, please buy back UST and Luna, you should take it in your hands, and wait silently The market comes back and then all can be saved at the same time and the ecosystem can be reborn instead of dividing the residual value of the ecosystem, which is far from enough!
classic-agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471/1879
Whatever you’re smoking, send me some bro lol you’re crazy
They should implement an automatic burn of 0.5% with each transaction.
With the current trade volume, it would burn a lot. Also it would be a bullish signal. So it would burn even more Luna. It will take time.
And after that focus on ust. Forking will leave many people angry and start lawsuits. Also the value of Luna2 would be determined by believers. They will lose a lot of believers. You cant simply fork. And take money away from people.
They are looking for quick solutions. There aint no quick solutions. They need to build back slowly.
If the terra team has not given up in fixing things, we should give them our support. But personally, fix the existing situation (burn, payouts), not create a new one (fork). If it dumps, then what? Another fork?
People want accountability and relief from their current situation, not an escape into a new one for more hopium.
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Anyone who thinks I’m crazy, you should do the calculation of the remaining value of Luna first and then tell me if I’m crazy, they can do it, they know it
If they fork they will lose all credibility. If Luna2 fails. They will just fork Luna3?
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Those who speak with the truth are often called crazy by those who lie.
I’m just wondering how was the bitcoin reserve used?
I’m sure that with that amount of bitcoin - if used to uphold the peg it’ll be held.
Why wasn’t the reserve used to hold it?
you are all jerks.
instead of knowing if the person who bought at $100 or at $0.00005 was more legitimate than the other, or if the fork will work (it won’t work, the trust won’t come like magic) invest your 10 whore dollars in crypto which now has a value close to that of shiba you have to get used to it and move on, luna labs please the only interesting thing you can do right now is to redeem all the small parts that hang around here and there and create an extraordinary combustion rate in order to increase the values of the luna, I repeat to you a fork is lost in advance, no one will invest in yet another project that would have a chance of ending up like you’re two first do, invested $10 (and please stop spitting on the people who invested the dive, of course, it has inflated the chips but without them we would have lost even more)
french translated sorry
2 Likes
It should be zero the system has collapsed. You VULTURES are all that remains at present.
This proposal is unfair (but better than nothing). FatMan’s proposal should be followed, it is the holders of UST, a ‘stable’ asset, who should be reimbursed, not the holders of LUNA, a speculative asset. This should be clear.
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I read people saying “you should not have invested in UST”. UST is not an investement, its’s a “stablecoin”, it should be like a $ on your bankaccount. But it failed and the money people lost is gone, forever. Whatever you try, unless someone magically shows up with the missing $0.85 you won’t recoup your losses. Some newly created airdropped tokens that are created out of thin air won’t make you whole, they hold no value since there is no trust in the project.
The sooner you start accepting your loss, the sooner you can move on in life.
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I don’t blame LUNA holders for arguing they deserve compensation from the reserve, but their thinking is clouded by their emotions. The relationship between the user and the LUNA and UST tokens was completely different. One was a speculative altcoin, an equity, and the other a stablecoin, debt owed to savers. People understood that having LUNA in their portfolio was a risk, but the same cannot be said of those holding UST which is supposed to be a safe haven, and backed by LUNA per the protocol design. Additionally, the LFG reserve funds were explicitly allocated to the defense of the UST peg, and those are the funds we’re hoping to use to rescue UST holders with.
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Agree with you… same position, i’m holding millions right now and i’m stll at a loss so lets go!
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I purchased luna at Etoro(now liquidated), some in pancakeswap to metamask. UST at binance. I don’t think distribution will be very effective. Another selloff will happen, and another crash will happen. And Im not sure if another fork will happen?
1 Like