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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?

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

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.

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.

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.

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.

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?

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.

I think the majority of the holders of Terra (Luna) are right now in favor of the Burn mechanism even CZ of Binance got disappointed with how they will handle and propose a new fork for the community, I wonder how if people did not vote for this proposal, and would they think still to still forward the on creating a new fork?


The majority of the new investors will avoid the Tera luna but when it comes to trading, it can be taken advantage of the market. The only problem is how they will convince people that it will not happen the "attack" again and not to lose their investment and how they will handle it.

I don't know which proposal that may become the best proposal Any proposal have its own pros and cons. The result of proposal that will be chosen by community actually depend on the result form the voting. Many luna holders are supporting burn but i think this will not gonna happen. Even when so many people introduced their own proposal and the result will always be the same. People can only try to receive their fork tokens at the end of this month. Even when hundreds of proposal created by the community and do kwon will always pick the first proposal.
This is how the community being rugged by someone who claimed to be the master of stable token

This is best proposal for people who bought luna when the price reach at All Time Low and they became a lucky for that if there's burning of supplies will happen, but upon reading on Do Kwon we can  figure put that they are planning to fork it and create another with. Hopefully they not turn their backs and continue to develop their own coin which has been dropped by some attackers.

Im afraid even with burning tokens circulation will still be the same on the exchange itself. Its gonna be take a while to reduce a trillion coin. Also the people loses its trust on the founder and the team. The reason why its still being traded is due to pump and dump reason of the traders.

With a broken trust? Nah, even with the best proposal given it will unlikely lift up. That is a thing in investing in cryptocurrencies or even with other assets.
Once you fail, it's difficult to return in your once upon a time greatest achievement.
Old investors of LUNA will surely look for an opportunity to sell off their remaining coins that was stuck in the middle of everything that happened. They trusted it could pump back but it didn't and it may not ever. They want something in the space of what they invested, not another dimension.
In short, they want their money back.
As an investor, I don't like buying stuff where old investors are lurking in the shadows ready to sell anytime.

Yeah, I would also agree on this statement. There is no better proposal to salvage Terra (LUNA), it was doomed to fail at the very beginning because Kwon Do f***ed up everything.

And now, he is still trying to save his face by having this kind of proposals. They try as hard to keep everything normal, but we all know that they can't and now it's all over and it messed crypto market in the worst time.

Disappear, that is the best option for everyone, the longer it takes for luna to finally reach its inevitable fate the more ammunition they are giving to the detractors of this market to say whatever they want and to go unchallenged, as they can point out what it is happening with luna and claim all the market is like that.

So luna has to disappear as quickly as possible, is this bad for those which invested in luna and ust? Of course, but they took a decision when they invested in those projects, while the rest of the community that knew that this was a scam and avoided it still have to suffer, something that is completely unfair.

burn is not always good, we all know LUNA and UST are tied to each other, if LUNA is burned then UST will increase supply and after that LUNA will add supply again. The only way they can solve this is to stop the supply and the Terra LUNA team plans to make a new version of LUNA and are ready to leave the old LUNA to be handed over to their community. It is certain that LUNA will no longer be taken care of by the terra team, but they will focus on the new LUNA.

Burning a massive & I mean massive % of the supply could give it a fighting chance but I think the damage has been done if I am honest. It’s a dead coin & will eventually trend to $0. Investor confidence is destroyed & it will take a lot to get that back.

               The difficult thing about this is that Do Kwon is already pretty set with his decisions about where he wants the project to go making him closed towards the opinions of the investors that got fcked/rekt by his previously awful decisions. Either this guy already has a follow up plan after this or he's just been ng selfish and wants to prove that he has the capability to turn the situation around for the better with his new plans. Either way I hope he'd really be able to turn things around for the sake of the investors and the supporters of the project that really liked its utility.

It had a chance if Kwon listened to the voice of the community instead of following his own plan of attack.  You can see he is almost EXCITED about his dead coin instead of taking responsibility and being sorry for the damage.

But when you miserably failed your investors and produced insane damage to them and even after this you still do not have ears for them, it is clear to me your intentions are definitely not healing the entire situation up.

Interesting times to follow through.

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Regards,
PrivacyG

Right now a lot of blockchains are offering bounties, airdrops, and grants to Luna based projects, DApps and communities. One of those is Candle labs dot org.

No matter how much good news brings bad news, I don't think it will bring any benefit for him. These terra Luna investors have suffered the most.But you have to make a lot of Luna burn.And it will take a long time for Luna to get into a good position.

Luna is in a position where she has to work hard to get to a better position. The most good news would be that Terra Luna would have to burn a lot.Otherwise, Luna will never be able to come to a good position. If this is the only reason to come to a better position.

I really hope they burn some. The supply is insane. Then I can make some nice money since I bought at the lowest

seriously I think burning is gonna be the most useless thing that LUNA ever done if they intended in decreasing the current total supply.
lets be frank here, the late luna holders are the ones that holds billions of luna, if LFG is just deciding to burn the LUNA then these late luna holders are the ones that gonna make profit the most and the earlier holders
are just gonna be seeing their investment turns into a dust.
burning at this point is just a really bad decision because the market circumstance has changed, get over it.

I do hope for the betterment of the project since there are lot of investors who got screwed up in this case and there has been reports others has taken their own lives and that's the saddest part. I hope Do Kwon and the Luna community get a consensus on what is the best that may benefits the both parties,l. I hope Do Kwon wouldn't be an a** about this and hope decentralization wins over.

Burning the supply can be a great solution but LUNA developer thinks different, they believe Fork will do better and even if the community is against it, i think they are going to push it through. So in the coming days, we will find out if the fork will work or this is just another failed project which can also dumped that much. DK is too focused on his own strategy, I hope he’s still in a good condition to do so since many investors are relying to him, since their money is still with LUNA.

The developer knows the best for their project, this may look more suitable but DK is taking a different path and we have to trust them. I don’t know their current proposal but if its for the good of the project then why not? Beside if its already failed then its better to accept it and move forward. This is a very sad situation but its out of their control since whales already manipulated the market. LUNA still have the chance to recover, though it will take time.

No proposal will be approved if it's not coming from Kwon. He seems to be a decided person about the plan of forking. I'm with you about the possible retrieval and redemption of this project and that is through burning. He can remove and forget about UST but if he wants to get back on track with Luna, he has to burn those billions of supplies or do a buyback so that the money will come in again into the economy of Luna. Well, but he seems to be a genius on his own and want to work with strategy that won't probably work then.

The best proposal probably depends on the team's remaining funds. Do they have enough to buy every LUNA that's on the market? It doesn't look like that.

Crypto has recovered nicely from he Ethereum DAO hack and then the Bitconnect ponzi so the market will also endure the negative impact of Luna's massive failure. Most people will eventually move on and just prepare for the next bullrun to recover their losses.

Yeah, to say the least, everything has been messed up. What made this extremely devastating is because of what you said, “it messed crypto marker in the worst time”, and this has made many people to lose hope and discouraged to go on in crypto investment. It was a nightmare that everyone wish to just stop and be awaken to a better reality.

I just bought some for 50$ and now just put them in a long long way, will see what happens

there are some people who bought heavy amount of luna with cheap and they are excited about burn luna token but burning is not a solution or it can't let luna bounce back to its primary structure. After seeing the downfall, now its hard for people to trust luna again and without large number of community support, it can't do anything and i don't think It'll not raise again whatever the decision will

Currently there is no proposal that can make LUNA will rise again, and to make up for the huge losses experienced by investors will certainly be difficult to do in the near future, and they will also lose confidence in the future all have felt deceived by the project and it is very difficult to lift back, even so the LUNA team still has to try to bounce back.

Exactly, crypto market won't be affected by LUNA's death. These are independent subjects. It's crazy to see negative news recently claiming the bearish market and the difficult in recovering prices are a consequence of what happened to LUNA.

Sadly, for investors who picked this currency wrongly, I fear there are minimum chances any action plan to save the ecosystem will work. When an event like this happens, it becomes nailed in the history of crypto industry. Everyone knows about LUNA's fiasco, even those who aren't crypto enthusiasts know about it. People will stay away from anyone and anything related to LUNA from now on.

Maybe the best to do would be to compensate investors with the funds this project still holds and then finish it.

Either way, they will incur losses, they just have proposals, and what about the mechanism, what will keep it failproof like what happened the last time, Do Kwon need to satisfy both investors, or the investors that will be left out will FUD the new version and this will pose a big problem to their recovery I have friends who bought from the crash because of his announcement and these are the people who will not accept losses, whatever path they choose there will be investors losing and the Terra team will continue to suffer.

They will not. They have been confirmed so many times if they have no money left for the refund or burn and why are you still asking the burn when you know that luna team has been saying about that so many times? i know that people will not believe with what he said but again they the only party who knows what happened with whole of funds from the bitcoin reserved and so it's pretty much useless to talk about that.
Im sure that they will be forking this blockchain as soon as possible rather than taking the new blockchain.

Now its officiall, $LUNA will be airdropped across $LUNA Classic stakers, $LUNA Classic holders, residual $UST holders, and essential app developers of Terra Classic:

Token distribution details can be found in the governance proposal, but to summarize:
● Community pool: 30%
● Pre-attack $LUNA holders: 35%
● Pre-attack $UST holders: 10%
● Post-attack $LUNA holders: 10%
● Post-attack $UST holders: 15%

More info: https://twitter.com/terra_money/status/1529451631263174656

Without a doubt an investigation has to happen to try to understand how we got to this point, the community gave some possible solutions about the problems that luna was facing and they were completely ignored.

Then Kwon implemented a strategy the community thought was mistaken from the beginning and that ended up burying luna for good, it is almost as if that was the desired outcome for Kwon as it seemed that he just wanted the coin to die and for him to keep all the money he made with his coin.

I hope people who lost out manage to make some money back, but so much of crypto (and everything else in this world) is based on sentiment and I’m afraid that the stink around LUNA will never go away at this point.

yes you are right, there are many other altcoins that have higher potential, of course, there is a great opportunity to make up for the money lost when investing with terra luna, not necessarily with the coins recommended by terra luna, and i think every attempt to withdraw the luna holder's return won't work, because everyone has lost their faith in luna and is reluctant to fall back into the same hole,

Now the community can see how centralized the Luna ecosystem is and not worth wasting their time supporting, any project that fails to listen to voice of the community and make and take decisions solely should not be supported (at least not 100%) all the trust the Luna community had just went under the bridge. Do Kwon don't care about the community feelings except for his own personal interest.
Let's see how successful this so-called v2 will be.

It will be very vulnerable to the same loss if we never turn back from trading Luna, many traders only hope for recovery on new Luna coin but no hope anymore, I think luna v2 will not do much to recover losses from old investors.

Same here, token burn is the best proposal for Luna to recover its value but the question is, is there a fund to buy the token to be burned?


I wonder if this new Terra will be accepted by new investors.  I will definitely stay away from any project Kwon is related to.  I believe launching this fork will put the Terra founders in a more difficult situation especially when a lawsuit is filed against them.[1]

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[1] https://cryptopotato.com/terra-co-founders-face-lawsuit-from-korean-ust-and-luna-investors/

I think with what happened to terra luna recently everyone will have doubts about the tokens associated with terra luna and any proposals, because so many people have lost their money recently on LUNA, even though they promised good returns , but I think people will not easily believe what is promised, it's better to invest with coins that have a good reputation such as, ETH and BNB because these tokens have a great opportunity to be able to provide large returns in the future.

Do Kwon changing proposal after voting started is really a no-no situation, you should not be doing that
but eventually, it is hard to estimate where Luna will go after restart and airdrop, it is hard to estimate because there will be a lot of lock-ups in token airdrops, and supply will be cut

nevertheless, it is better to be on a sideline for the moment, there is a ton of other interesting things at the moment in crypto

$UST holders have suffered big losses and the coefficient for receiving tokens in the new blockchain looks unfair.
Vesting Calculator
https://terrarity.io/luna-airdrop
For every 1000 UST stablecoins, you will be given 25.8104 over 29 months.

Cannot believe it that until now so many people still can't moved on from this scam coin. Why can't you guys just accept the fact that it's gone. The founder and the team are now being hunted by the authorities and will soon be rotten in jail and by that, will they still have the time to make this feature?

And in case they are now inside the cell, who will operate this centralized shit coin? Common, this was not the only coin on this sphere but there's so many good and trustworthy coins than luna. Keep repeating the same things can only lead for some issues like mental and possibly harm your physical health because you won't eat or sleep anymore.

We will see that tomorrow whether the new token will be putting the founder into the difficult situation or not. As far as i know that if we will see the major exchange sites to distribute all of airdrop to the participants who are still holding the old token. Im sure that the new token will worth a few dollars or cents. It's caused by the new total supply will be around 1 billion. This can be said that if the potential long term investors to recover was so small.

Old Luna token will suspend and delist from exchange market if news about new Luna token version will update and replace. I think will be bad news for old token Luna holder if really suspend and replace by new Luna token, still not see how procedure for investor when snapshoot is count. Will for old Luna token holder get new Luna or have specific time when several old Luna holder will get new token tomorrow. Confused right now keep holding old Luna token and sell it before suspend trade on several exchange tomorrow or keep sell it before late.

Burn is not always good, the case with Luna if you want to burn I think it's too late and will only harm the coin holder, I think, Luna shouldn't have to increase the supply if she wants to save LUNA before,
whatever was on Kwon's mind at that time

The increased supply was initially to save the UST, but after failing to save the UST, the total supply of luna also skyrocketed to several trillion tokens causing the luna price to drop freely to near 0. There won't be any more luna burning events as terra team announced that they will create a new luna instance and old luna token holders will airdrop with new tokens at rate which they have previously announced.
Major exchanges have also announced support for this conversion to help investors regain some of the money they lost when holding old Luna.

Coin burning is done to reduce supply in the market, of course, with reduced supply, the price will increase, but something else is happening with LUNA, Luna is currently experiencing a decline of almost 100% and I think it's all pointless doing it , because over time terra luna will disappear from crypto,

No matter how hard Luna Coin tries, I don't think it will recover. Because there was a time to recover it. When it was positioned between 50$ or 60$. Now since the market condition is never from 0.00014 condition Luna cannot be recovered.In the meanwhile, no matter how many Brain options are introduced and big news comes, it does not seem that Luna will recover.

Nothing is left behind. CEO told luna will be luna classic and he'll give all effort to bring change but Things won't change, no matter how best the proposal is cause trust is broken and people won't invest there again. I saw people vote for burn! Those people are from them who buy luna with Very cheap and dreaming to became rich after burn luna but everything isn't so easy. If team burn everything that they hold, i doubt if luna can hit a cent by its value or not!

In the meantime, we know that the Binance Exchange has stopped trading for the time being. New Luna Trading has started. They did not do any kind of banning and they said those who were Luna holders could do as a new Luna Airdrop. The amount will depend on when this Luna was purchased. He assured that all investors would be given 10% airdrop for those who bought after the destruction.

They didnt choose the best one

They will basically be giving away something that means nothing, and then telling you that it means something. This is basically the same shit as it was and just painted. There is nothing new about it, and it is boring and it should never be considered as a good thing at all.

I believe that we should be staying away from the current situation, I know that it will not be a simple thing, and many people will believe that there is money to be made from it, but the reality is that there isn't much money to be made from it and you are going to just lose. Many will even join thinking it will be a bad idea, but they could get out before losing money, but they will lose too.

I think the best option for us retail traders is to wait for bitcoin to reach the lowest Bitcoin price dip. Then buy whatever shitcoins we like because even shitcoins pumps during Bitcoin bull run and giving us higher percentage of every rise it make.

Indeed all of proposals are still remain the same. at least the new proposal was letting the holders to recover their funds. I meant just look at there was a new way for people to go out from this shitty project. Eventhought all of new coins already distributed and it seems like majority of people are still facing huge lose. This airdrop was giving a shitty amounts of money for those loosers to get back a few percents of their funds. I see that how frustate the lunac and ustc holders since last year.
This story can't be fixed. The damage that already taken by luna was so big. This will not able to be recovered again.

It is infuriating for those that have to take those losses, however there is nothing else to do for them but to accept their fate and begin to think about how to rebuild their capital or even their lives.

Because no one in his right mind is going to invest a huge amount of money in luna anymore, some may try to invest a small amount so in the remote case luna were to recover they could earn a fortune, but those are nothing else but dreams that will never materialize and are as unlikely as those that lost a huge amount of money and that dream they will ever recover their money by holding their luna, it is best they sell for whatever they can get and accept their losses as I have no doubt luna will eventually become completely worthless.

It's better to stop thinking about luna and should move on. . Burn is funny think right now when luna has crossed billion of supply. People still can buy million of luna with few dollars and do you think after burn, luna even able to cross 1$? Never. Actually There's no proposal, no way, there's nothing that could make everything normal as before. The end of luna is already end.

Everything that goes or having that history of huge dump which is 0% and trying to get back up from that situation and now creating that 2.0 for the sake of sustaining the hype then its better to stay away from this project.

I dont see any relevance nor being that worth for this one for someone to risk or dive on.Yes, you could potentially earn big with small amounts of  investment but to think on the things that they have
done then i dont see a reason for us to trust them on second time around.

In speaking with utility then i dont even see the relevance or the potential of this project.

I don't think about anything for luna anymore, and in my opinion, it is one of the cryptocurrencies that should be avoided in the crypto money industry right now. Because instead of covering their faults with this new coin, they officially cursed their investors. There are people who deposited thousands of dollars and their money evaporated overnight. From now on, I would definitely not recommend investing. Because once trust has been broken, I don't believe they can be the same as before.

Correct. People are moving on to the next big thing after Luna and HEX, like Candle Chain and Hedera Hashgraph. Both of these chains are technically superior to Luna, offer staking in a more sustainable fashion than HEX's ponzinomics and have real world utility.

Exactly, despite the incredible technology behind cryptocurrencies at the end of the day they still need to concept of trust in order to flourish, and this even applies to bitcoin as well and any other currency.

The dollars despite all its flaws is still the number one currency around the world because people have complete trust in it, but once people finally wake up and lose that trust then the dollar will be worthless, and that is precisely what it is happening to luna so I do not think it will ever recover.

Actually I don't see that there is any way that Luna can come back with a new future. However, I am very sorry that new investors were encouraged and they made investments which reflected a waste of money. luna hype game is over now so everyone should think about investing elsewhere and forget about luna.

No matter how big the offer for Luna, Luna will never be able to raise her head.Many are saying that if Luna coins are banned, Luna will increase. But that didn't work either. With the launch of Luna 2.0 in the market, there was no recovery option. However, I don't think Luna will ever recover.In fact, when the market is framed in a scam project, it is never recovered.No matter how good news comes.

 No matter how good the proposal it is about in LUNA, if Do Kwon is not resolving His issues regarding about Fraud and tax Evasion, the price of its will become too difficult to recover on its original price before. We all know also that there are a lot of investors got disappointed after all what happened when the supply suddenly changed from Billions to Trillions supply. And I am pretty sure that the major dumper who did this was also the owner of this coin and other developers of LUNA in my own analysis and observation.