Terra Ecosystem Revival Plan

No one will invest a cent in the 2-3-4 version… Need burns and investigate the spending of btc, short trades. Talking with big founds.

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No one will invest in your new coin, also you’re invited for a parliamentary hearing, don’t be late.

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Ah ok. Well turns out that decentralised also means no central authority is going to underwrite you if the ar$e falls out of the market.

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Do not dream !!! Being reimboursed 100% would never arrive.
Forget UST : today $0.11, tomorrow perhaps $0.05 … and then $0.00

The lone way to save Terra ecosystem is to restablish confidence.

Today, UST market Capitalisation is 1.3 Billions $

**With 1.3 Billions $ put by investors on the table, we can create the most secure algorithmic stablecoin:

  • abandon UST to a new stablecoin, the NewUST,**
  • proceed to a devaluation, 1 NewUST = 8 (or 9) UST**
  • burn massively LUNA**
  • make NewUST the most collateralized stablecoin to secure investors, (1 USD as collateral reserves. for 1 NewUST .)**

This will provoke a hype around NewUST and Luna.
With recovered value of LUNA, we could create a special fund to reimbourse part of money lost by small holders.

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ooking at how @do kwon looks like this damn community response i think it’s getting stupid to believe in the dreams this one would like, they won’t burn, no angels will come and buy the debt, it’s over, let’s face it, let’s move on, we’ve lost our money, there’s bound to be a winner, on those ladies and gentlemen, I hope your future will be magnificent

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Who knew this was going to happen…
It’s supposed to be stable coin worth $1

Yeah, I think it’s fair to say that very few people understood an algorithmic stablecoin is a very different proposition (and probably not deserving of the name) to a collateralised coin.

A few people like the guy on twitter who suggested how exactly this kind of death spiral could be executed to make money (by a sociopath presumably), back in November. Do Kwon laughed it off.

in reality the only solution left to restore luna would be to use a buffer chain which would force the luna holders to convert their luna into this new crypto by burning their luna in the process, make a massive purchase of residual luna on the market hoping a dip before the burn and then burn for the slightest hit all the tokens amass, this seems very unlikely to me, the ust could have played this role, but no one is going to risk it so technically it is no longer feasible

Guys quick question, if they fork what will happen to WLUNA?

Nothing as Luna (LUNC) is staying here. Its code may be changed to wLUNC though :confused:

Do kwon , I bought luna on 10th may at 33$ for 7000$ am i eligible to get the airdrop? I’m fucking holding it since then . I saw somewhere that 7th May’s screenshot would be taken. I don’t wanna oppose to anything I have lost already and I have lost hopes too I just want my money back . Please do a favour . Give the airdrop to those who bought it when the price was above 1$ Of luna . Alot of people bought it at 1$. Keep your ego aside and help people man . No one’s gonna take money up there with them .

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This is Real solutions :hugs:
Burn. increase your transactions fee and burn more.

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Why would I buy in at the bottom of LUNA V2 when I already bought in at the bottom of LUNA V1 and got screwed over and called a bottom-feeding vulture for buying low?

Very accurate. No question!

why above $1? why not above 5 or even $10? Just to make sure you will benefit? do you even know that you will only get 30% of what you invested from airdrops?

At any cost, you should preserve the whole Terra community.
It’s the community that has made Terra a success.
Rewarding a few and punishing the others (it wasn’t their fault) would be unjust and would cause distrust in the project. Without the community, the project would be worthless.

I would back the suggestion of buying and burning all the excess Luna. This would also send out a strong message that you care for the project and for the community.
And, disconnect Luna from UST. This should be prioritized.

After that let the community do the magic!
We all together will again drive Luna to the moon!

I think they want to destroy the new LUNA whales and the dip buyers, and to benefit the old whales who liquidated and contributed to the crash. They’re going to take their buddies over to V2 and leave V1 out in the cold.

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@dokwon what will happen for the UST and LUNA holders on exchanges?

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Cryptocurrency is decentralized. And decentralization is a community decision, and no central decision. Start a community vote to fork or burn. Oh yes, it already exists Revival Plan V2 Preliminary Vote but you don’t care

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Let’s try burn during 2 or 3 months and if this don’t show positive results let’s fork!!!