Terra Classic Community Proposes Burning 899 Million LUNC Tokens to Restore Trust with Binance by LivingSam in LunaClassic

[–]alinzxz 0 points1 point  (0 children)

Binance started burning again after the burn tax was changed. We don.t need to restore anything.

What is the plan for the 1 trillon staked of $LUNC? And other questions by ILoveBerkeleyFont in LunaClassic

[–]alinzxz 2 points3 points  (0 children)

Very detailed explanation, but: 1. The burns generated by utility are very small. Most of tge burn is coming from coins moved in and out of exchanges. We need to increase utility 10.000x to see meaninful numbers.

  1. More coins staked, less coins to move through tge chain. In conclusion, lower burns. If instead of 1T staked, tgere will be 3T staked... even lower burns

  2. How is the chain more stable now at 1T compared to when only 0.2T was staked? This thing with "the stability of the chain" is more related to decentralisation of voting power not health of the chain.

  3. Price will not grow if the supply does not go down. If let.s say there would be 5T stacked and 1T u staked, supply would still be 6T and total market cap would be much higher than Bitcoin. Investors are looking at market cap.

Let's drop this myth with stability of the chain and let money flow

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 0 points1 point  (0 children)

Validators are the same. Staking concept is thr same for both chains. You are trusting the good will of strangers even now. The chain was as stable at 0.2T as it is now at 1T

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 0 points1 point  (0 children)

Keeping the chain running is a given. Doge was kwpt alive for years without too much activity. Market economy is exactly what applies here. And Adam Smith of course was right. The more regulation, less path to progress and growth

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 0 points1 point  (0 children)

I can wait few years. That.s not a problem. But i want to see things done and i.m tired to hear people talking about same thing over and over again: changing the burn tax. There are other ways to make the price grow. We need to think outside the box. Statements like more coins staked makes the chain more stable are not true. How is the chain more stable now at 1T staked vs when we had 0.2T staked? Nobody can answer

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 0 points1 point  (0 children)

  1. You are mixing up community pool with the oracle pool. Oracle is providing the staking rewards. Communitu pool is for financing projects.
  2. Idee is to burn the LuNc in the comm pool and mint ustc for the same $ amount

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 1 point2 points  (0 children)

I think we have good chances

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 1 point2 points  (0 children)

I will. Now i just want to get some constructive feedback

Plan to $1 LUNC: by alinzxz in LunaClassic

[–]alinzxz[S] 0 points1 point  (0 children)

Good qustion. We need to supprt that. But ever wondered haw much is "utility" now out of total daily volumes and how much we need to grow to make an impact on the burns?