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TERRA is now going full mental - "The community is deciding on a new @terra_money , between restoring a snapshot prior to attack..."

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by COINS NEWS 109 Views

source: https://twitter.com/stablechen/status/1525023238895837184?cxt=HHwWgIDRycmj_KkqAAAA

So just rewriting history is now a serious option. I am sure this is legal and the exchanges will surely have nothing against this :D

Honestly why can't they just stop. This hurts the whole cryptospace and any serious project as long as this is going on. Doing a rollback back to 3 or 4 days ago does not solve ANYTHING it just hurts even more. The legal implications of that would be gigantic, too.

I am actually debating, if I should by some coins just to have funny legal battle if they actually follow through with that.

Edit: If someone wants to dive deep into the mind of the self proclaimed "lunatics" here you go: https://agora.terra.money/ There are all kinds of really funny proposals :D

Edit 2: Now the community has fun with their voting tool: https://station.terra.money/gov#PROPOSAL_STATUS_VOTING_PERIOD

Edit 3: Do Kwon now posted his own proposal (https://agora.terra.money/t/terra-ecosystem-revival-plan/8701). TLDR:

  1. Killing UST
  2. Reset Luna to 1B Tokens
  3. Compensate Luna and UST holders by giving them "newLuna" tokens based on some bogus distribution idea

Problem:

If the crypto community has ANY sense left "newLuna" will be worth NOTHING, too.

Edit 4: Kwons proposal massively favors whales that got out asap after the depeg and disvavors everyone who actually tried to "defend" the peg and the project. I wonder if Kwon is one of that whales...

submitted by /u/BennyL2P
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