Warning to Terra Team about Fork

Crypto_Nerd · May 17, 2022, 1:47am

Just a fast and obvious warning to every team member who will vote for fork. You will get civil lawsuit from thousands of people who you gonna cheat and probably criminal charges for fraud. Just keep this in mind while voting. It`s obvious financial fraud. Why? Ask any lawyer.

morpheus9 · May 17, 2022, 1:48am

I believe you’re right. They are on thin ice right now and should proceed very carefully. We will not remain in silence.

parsifalbr · May 17, 2022, 1:52am

that’s right. I’m starting to believe that the leader wants to take the accomplices to the division of blame soon when he is arrested. “It was the group that wanted it like this”.

hb_ZH · May 17, 2022, 1:52am

By the way, the community helped it get a huge reserve. Now the main reserve has no transaction details, only one name: it was used to save the community but it didn’t work! I don’t want to give you the rest, hope you continue to supply it with money, screw it up, the problem is you, how does it feel like the Fed: the dollar is ours, the problems and disasters are yours! Can the community tolerate such a shameless, arrogant, and extremely greedy animal?

Drg_Ggvg · May 17, 2022, 1:57am

All it takes is to attract a large number of current luna owners to bid for the NFT, and Luna can be destroyed in a short period of time,Without incurring too much external cost

and here is my specific suggestions about a burning mechanism to LUNA,Please read it a little,thanks

github.com

drgg62086/luna/blob/main/README.md


# [Proposal] - speed up the burning by launch multi-person online collaborative painting activities(like reddit's r/place) regularly and cast the result of each painting activities as an nft

this activity may require the development of some DAPP,
or just create a smart contract that everyone can send a little luna to this address to modify specific pixel color

And then,here can set up two modes:  
'free mode' or 'auction mode'

in 'free mode',It’s will be the same as r/place(The cooling time can be shorter than 5 minutes,it depends on the speed of transaction)

but in 'Auction mode' , if someone want to modify a pixel that has been modified by others, they need to consume more luna than others

Either way,at the end of time, the canvas will automatically be cast as an NFT to auction, and the auction proceeds are used partly buy luna for burning and partly for distribution according to the last modifier to each pixel on the canvas,this will encourages people to get involved 

if it works well, and taking advantage of the popularity of luna + the possibility of '0.00001 to 100' + the special cast NFT mode that no one’s ever tried before, 
that should attract a lot of participants, more and more popularity , and speed up the burning of UST and Luna more and more fast

and even if the final NFT can be bid an incredible price(the price is based in luna and trade is also in luna),
reach the $100 goal also is not impossible

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flumius · May 18, 2022, 1:38am

The fork is clearly an attempt at financial fraud. They show absolutely no effort to fix what is broken and instead want to compete against those of us that are stuck in a broken ecosystem.

yapdakilla · May 18, 2022, 2:16am

If UST holders cannot get compensated, then team going to jail is a kind of justice as well

Umut_Baspinar · May 18, 2022, 5:02am

Any refund for the pre crash people would be fraud and betrayal to the new holders.

Since you didn’t wanted to hear or realize (like dorkwon) the threat many youtubers and researchers told you month before that this kind of attack is possible.

That means you were blind toward news and didn’t care so actually it your fault what happened to you.

You guy’s slept and now you crying for refund, no refund for you because you simply lost in this game.

Therfor I will not & cant support any proposal that goes in to refunding old holder’s in any way

The most token you have the more you should be considered by the developers. The new holders are the winners here.

driver4567 · May 18, 2022, 5:27am

A fork is required, the current contracts (the algorithm pegging system is broken) to not try and fix the system and restore peoples credit would be reckless. What constructive proposal do you have?