And if you’re so smart, who’s going to pay for that buy and burn? Dont you know the reserved is none? The trust came from us early investors. Are you willing to contribute more money if needed to rebuild this project??
Use the BTC reserves to make the remaining UST holders whole and the rest to buy and burn as much LUNA as possible. Implement transaction fees to buy more and perpectuate the burn. Many others have mentioned it. It’s the easiest and best solution that can be implemented quickly.
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Well, you are wrong about the latter.
They don’t have our money.
They are scammers.
And their remains after the restart of the system flowed into the pockets of speculators.
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The reserves were all used against the attack.
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If thats the case, arrests should be made, because a crime has been committed unfortunately. Many crimes.
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Not true. That BTC is traceable to other exchanges.
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Some people really a making a freaking lot now!
Such cases can be investigated for years.
There is no simple solution to the problem.
We just have to be patient and have faith.
Can you give the source? Or links?
Yes, I have already seen quite a few in the comments of the newly-minted rich people who increased their capital dozens of times on this. For the last couple of days.
Not to mention VIPs who have access to speculation between exchanges with a constant spread of 50-100%
And I and many others, throwing their crumbs to support the system during the crash, may remain in another loss.
I was already at -60% with my miserable deposit
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You still have something my 10K is now 3$!
And people here actually trying to save their investment when they invested at 0.0000000.i know everyone is equal but buying at that price was pure gambling and even exchanges were giving notices how its risky to trade now!
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When was LUNA that cheap? I know it’s fallen, but I don’t remember that much…
Yes, you can buy from those who bought the dip. They will be in profit at very low prices.
For example, who bought 1 million Luna at 0.0002$ probably will sell at 0.002$ with a 1000% profit. It’s easy.
At the end of the buy and burn process the left holders will be those who bought at higher prices and many of those who were holding before the depeg.
Then, with a small supply the price can slowly go up again, and the Terra project can be saved.
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I get where you are coming from. Dont think there really is a way for old and new to be happy. Its all a gamble. Trying to argue the new investors are degen gamblers yet old investors ignored the fact the coin was algorithmic. Investing in anchor at 20% return doesnt make you less of a gambler than buying luna now and risking/reaping benefits. Its like a guy with a misdemeanor arguing with a felon. Both are convicted so lets not pretend otherwise. Timing is everything. All that said i wish the best for all those affected. Its like crypto is begging to be government controlled. Shame.
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it’s not destroying crypto, it’s destroying Terra just another company within an industry who thought they knew better but didn’t - crypto is so much bigger
Trust me, this behavior makes people reconsider investment.
Idk if you refer to me. But obviously, people who was here before and used Terra is more important than new especulator users.
Founder now is master of silent
This man is 100% spot on.
Everyone else need to pull their finger out of their asses and think rationally for one second.
YES - The credibility of crypto is suffering, and all communities must come together to rescue $UST and $LUNA. Especially $LUNA
Like it or not we are ALL responsible (BTC, ETH holders included) for fixing this mess.
YES - We need to START BURNING NOW
YES - Any forking ideas are selfish and are proposed by those who only care about their own self interests - not Terra nor the rest of the crypto ecosystem
If the Terra team have disappeared and fucked us, what can the devs / contributors do to take control of this project?
The situation is getting serious
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