Burn the excess and add in a burn mechanism, this isn’t hard!
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The following post was hidden by admins shortly after receiving many likes in its first few minutes of posting:
I am, quite frankly, appalled. Your hubris in the lead up to this event knew no bounds. The fact that you think you can speak to and for community now, as if you were (still) its charismatic leader, is a further sign of your hubris. Man to man: you should start by taking some responsibility for the situation.
But what dismays me most about your proposal (your first public statement in two days) isn’t your continued lack of humility; what dismays me most is that you hope to make pre-depegging Luna holders whole … but not pre-depegging UST holders.
Why, I wonder, would you want to reward “UST holders pro-rata at the time of the new network upgrade” and not pre-depegging UST holders?
Many of us who held UST in the belief that it was in fact a stablecoin—a belief that you, the “master of stablecoin,” spread far and wide—well, we were forced to dump UST at huge losses over the past few days to salvage our savings … just as Luna holders were. Why reward “UST holders pro-rata at the time of the new network upgrade” … they are sure to be speculative buyers with plenty of capital to spare, who will swoop in to buy the very UST we were forced to dump indiscriminately, all in the hope of turning a quick buck … why would you reward them, rather than those of us who were so foolish as to believe that you were right to insist that UST was in fact a stablecoin? I hope you see the irony.
Since this can have nothing to do with fairness, my worry is that you’re doing this in order to bootstrap the new chain by ginning up speculative buyers in advance, who will serve, essentially, as new investors. It’s much like what you did with Anchor, and Basis Cash before that. Enough already.
If the community accepts this proposal, they deserve you.
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Ok So I have been purchasing luna at around the below 1 dollar to zero mark whats in it for me do I not get anything out of this - my initial plans were to buy and hold for a long time does nothing get distributed to me in the network reset?
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Oui c’est une bonne idée, car l’objectif des cryptos-monnaies est de restaurer la confiance, la crédibilité et la stabilité du système monétaire mondial.
Les cryptos monnaies peuvent faire partie de la solution économique.
Les cryptos monnaies elles- mêmes ne font pas de dégâts, c’est la manipulation des crypto- monnaies qui perturbe les marchés et fait baisser les prix.
Luna c’était un bonne rêve oui nous sommes avec terra pour continuer et merci
You must include holders of wluna from CEX in your proposal. This is how a lot of us tried to save the ecosystem by accessing cash and purchasing wluna tokens!
Getting scammed by this mf, thats whats going to happen to all of us.
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wluna = luna no?
wluna is just wrapped luna
on the terra blockchain there is 1 luna token for every 1 wrapped token so…?
something like that
They shorted LUNA and BITCOIN. Someone made a lot of money on this from all possible angles while we held on. That is FRAUD in my book! If this wasn’t a manipulated market move I don’t know what is anymore.
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What will happen to those of us who have our UST deposited in Anchor? And therefore we have the aUST token in our wallets
Yeah, I disagree with this as well. You are rewarding “long-term” holders who bailed. You’re punishing those that stayed and tried to defend or new users that came in. You’re basically telling the community, that if anything ever happens again their best bet is to bail as soon as possible since the holders that ditch out during a disaster are the ones that will be taken care of. All investments are a risk, but to reward the community members that exited over the ones that stayed and tried to help sends the wrong message.
It sounds like users who exited at the right time will get to double dip. They get the keep the $ they made when exiting (likely used to buy other crypto), and get returned a higher stake of $LUNA than the ones who stayed, defended, and gave the liquidity needed for those whales to exit.
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I did my best to buy as much as I could to contribute to keeping it afloat I have spent around £3000 in the last two days to aquire 100000 tokens is there nothing that will be distributed to me?
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Anybody who shorted partly or until the ecosystem down is go to the HELL!!!
You aint gonna earn any parts cent.
Here we are for for the future, I placed my everything for the FUTURE! It is still in my account!
Shorters, attackers killed the ecosystem.
So you are basically rewarding those who exited with the liquidity provided by the new retail buyers. I believe in the ecosystem you guys developed and that is why I remained buying even when the price of Luna got as low as it got… along with thousands of others enthusiasts. I think we deserve better.
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If they do that then all ust holders will dump so that would be impossible for everyone to dump so it wont work
Start a new proposal topic highlighting this. I believe this is fair and would do justice to all. There will be no reason to fight after this. For some reason, I am unable to start a new thread.
A fair distribution for the next stage would be:
- 300M (30%) to Luna holders before the depegging event (last $1 tick before the depeg on Binance should be reasonable), bLuna, LunaX and Luna held in contracts should also be recipients, minus the Terraform Labs account at terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6. The new chain should be community owned. Preserving decent ownership of the network in its strongest believers and builders is important.
- 300M (30%) to UST holders pro-rata at the time of the new network upgrade. UST holders need to be made whole as much as possible
- 300M (30%) to Luna holders at the final moment of the chain halt – last minute marginal luna buyers should be compensated for their role in attempting to provide stability for the network
- 100M (10%) to the Community Pool to fund future development.
We want more investors to pump the prices and grow the community.
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The best way to delete $UST and burn Luna will return to the top 10. Save community and investors, not EGO.
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What about to people who had them on Anchor before the depeg, and then unstake them and moved into a Ledger account for security? That’s my case
I have one account for DEFI and a LEDGER account for saving the assets.
I have UST around 3 months ago. This should be analyzed deeper.
I think is easier send new tokens in a 1:1 ratio (without any difference) or burn unnecesary tokens. we should assume that people which are buying at 0,10 are assuming risks too.
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What to do with those of us who have UST blocked in pylon?
Oui c’est une bonne idée, car l’objectif des cryptos-monnaies est de restaurer la confiance, la confiance et la stabilité du système monétaire mondial.
Les cryptos monnaies peuvent faire partie de la solution économique.
Les cryptos monnaies elles-mêmes ne font pas de dégâts, c’est la manipulation des crypto-monnaies qui perturbe les marchés et fait baisser les prix.
Luna c’était un bonne rêve oui nous sommes avec terra pour continuer et merci