Topic: Best Proposal for LUNA - page 4. (Read 443 times)

Burn LUNA will not approve because many users buy LUNA at a low price even the current price with the hope that maybe LUNA will be burned and they will become millionaires but the proposal of LUNA classic and launch new LUNA will be accepted and most of the voting in favor of launch new LUNA because those buy LUNA above $50 they should be compensated and this proposal they will get new LUNA, no doubt CEO of LUNA fails to manage the situation but holder of LUNA may be little compensated but not all they will snapshot till May 7, 2022, and after this date holder of LUNA will not get any new coin.

You seem to be pretty new to crypto. So far, all projects that have caused such a massive gau have died, just because of the massive loss of trust. Billions of assets have been destroyed. Who should want to invest in this project and its "stablecoin" in the future?

Unfortunately the CEO is too greedy to comply with the demand of more than 80% of investors who vote for burn. This lack of community interest makes me to question the whole Decentralized Autonomous Organization DAO) idea, if this is a true decentralize ecosystem the interest of the majority should be immediately implemented but it appears Do Kwon just want to do what will be beneficial to him and his top investors friends. Thousands of people have lost their life savings and he is feeling reluctant to accept the proposal to Burn.

This probably the proposal that owned by kwon that will be approved based on the result from the blockchain vote that already happened. I just wanna remind you about burn is not even matched with the business model of luna. If you have no funds left in the wallet and will you try to burn it and use what? since you have zero money in your wallet. I think that is quite clear if in this case all proposal were bad. Almost no solution for this problem.

I would agree on that. I don’t think that any proposals could really make up for the damage done to everyone and the entire image of the industry. They could only do so much with the proposal, but it doesn’t necessarily mean that the goal to save either of the two will be totally covered. It is a saddening event, but it is the reality. I never imagined that something like this will really happen.

There is currently no better proposa for Terra (LUNA).Whatever decision is made, it will still result in big losses for users. And the ecosystem will lose the trust of new users for many years. So far, there is no agreement between the participants on who to save: the holders of the LUNA coins or the owners of the former stablecoin UST.

Something definitely seems off but I was thinking it might only be Do Kwon's strategy to create his plans in silence.  There is clear evidence the community does not want his proposed fork.  But by the looks of it, he is very focused on the fork and achieving HIS goals instead of listening to the community who already got screwed up once.

In the final proposal, he mentions this pre attack time frame which is up to next Wednesday.  The attack is already many days old.  Why did he choose the next Wednesday as the pre attack time frame?  Why am I, as someone who never knew about LUNA before the attack, rewarded as a 'pre attack' holder when I clearly started purchasing LUNA after the attack happened?

Secondly.  I do not understand why so many of the funds are allocated to the post attack holders.  Is it for the staking rewards, or?  If before the attack everything has been distributed fairly to the existing holders, why are we rewarding the NEW holders?

Finally, the vesting.  As far as I know, and please do correct me if I am mistaken, this means the rewards will be distributed among a time frame of two or four years for pre attack holders.  I understand that if the new LUNA succeeds there will likely be a sell off by the screwed investors who are still holding in desperate hope.  But is it fair to allow them to only access their own funds partially?

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Regards,
PrivacyG

BURN is, in my opinion, the best proposal for LUNA. What are your thoughts on it? What will happen next, and which proposal will be approved?