If we fix the supply problem, LUNA may still have a chance.
The supply is huge. There won't be any pump unless trillions are burned. It's literally the only way.
>>48804606What's stopping the burn? Is it just a line of code or a big red button to push or what? Maybe Kwon is asleep.
There's already plans in action to buy billions of dollars worth of LUNA and then burn it. Every big player in the crypto world wants to save it, including CZ.
>>48804648they'd have to buy that much luna to burn it, it's not like they can just burn it out of thin air and luna's current fees aren't enough to outpace the minting
>>48804493Even if Luna miraculously fixed it’s tokenomics and was able to re-peg ust to a dollar it’s betrayal in trust from the crash will never see it establish an active user base again. Literally this is just gambling to get the last little bit of money out of the ecosystem. Still a decent chance to make good money but you retards have to understand what you are dealing with. Don’t expect Luna to be around in a months time. This is a quick flip
>>48804654They can buy mine off me for the current sell orders
>>48804493Will we make it, my fellow Lunar Slurp Marines?
>>48804775IF LUNA DIES FREEDOM DIES.>STOP THE WALL STREET WAR ON CRYPTO!!!IF LUNA DIES FREEDOM DIES.>STOP THE WALL STREET WAR ON CRYPTO!!!IF LUNA DIES FREEDOM DIES.>STOP THE WALL STREET WAR ON CRYPTO!!!
>>48804654Why? Its only purpose was to support UST, which is kaput.
if you think about it, it's the only way to go, cz clearly wont list a fork
Can't wait for the LUNA generals that'll pop up just like GME generals.
>>48804493 what's the purpose of burning the supply or any of that shit? Just to pump the price and drag more people into the ponzi? This is hilarious.
>>48804853This, no printing means UST goes to zero. If UST is zero luna is deader than it already is now.
>>48804648Look up how the mechanism behind minting and burning Luna works. You need money to to burn money.
>>48804493>lets burn enough LUNA (somehow don't worry about how you accomplish this part) that it magic pumps back up and everyone gets rich
>>48804917>no printing means UST goes to zerodid they give out more UST than they took in dollars?
>>48805027It's gonna happen
>>48804493It wouldn't be very fair. I prefer Do's redistribution idea where validators reset the number of tokens to 1 billion, but I don't like his redistribution percentages. You can see the plan herehttps://agora.terra.money/t/terra-ecosystem-revival-plan/8701Like others in that thread mentioned it rewards the panic sellers the most that crashed UST and gives hardly anything to people that were trying to buy up the Luna as people were leaving to try and save UST. It doesn't seem to include the people that were buying after the restart of the network which I think is appropriate, they didn't suffer any losses from the crash and shouldn't get free money when the victims haven't been compensated yet
>>48805027the problem is CZ is encouraging this shit and providing liquidity, so it could happen. would be a giant rug in the end though, a blatant ponzi since the project is a fucking failure. I hope Binance and CZ would be liable for all the people that lose money AGAIN.
Sell the fucking news newbie. institutions are accumulating anchor right now
>>48804822Why do people make gay posts like this?
>>48806338to convince leddit to pump their gay bags.
>>48804493Crypto’s official comeback story.Reinstalling faith into internet money.
>>48805036Luna was the backing for UST, look at the market cap difference between the two and you can see why luna is doomed to failure.
>>48804493No, if they fix the supply problem, we become rich.Who cares about LUNA beyond that.
>>48806338>Thanks for the gold!!!!!SAVE LUNA!!BIGGER THAN GME DOGE AND SHIBA...COMBINED!!!STOP THE WALL STREET WAR ON CRYPTO!!!IF LUNA DIES FREEDOM DIES.
>>48806358>If the market cap now is 900M and it was 20B, that means that with a x22 or something like that LUNA would be at the same position as before, right?>So the current price is 0.00017, and 0.00017*22 would make it $0.00374.Then it is not impossible for it to become $1 again. And you to be a woman!!4yd4gI made another calculation comparing previous supply vs the supply right now.LUNA at the same position as it was at $120 would make it worth $0.0064 now.
>>48804654who would want to burn 2 billion dollars on luna when the market clearly sees it as dog shit>on the other sidemaybe thats whats keeping the current price at around 0.00037 the entire day, just constant buying of luna.and how long would it teoreticly take to finish a billion dollars burn on luna?how much luna would they need to buy?and whats stopping the market from crashing the luna again after the burn?
>CZ has proposed it toowhere did he proposed that? And who will do the buyback?
>>48804493>>48804606>>48804648>>48804654The plans are already there>>48807758they will burn and we will see $100 back by the end of the year or maybe Q1 2023
What are we doing when we all become millionaires bros?
>>48804493There will be a buyback and burn
>>48808090I'll buy finn
>>48808085and the schizo perpetual propaganda have begin. >Luna generalFor years I can see it already
I do this on a regular basis. Whether it is when they are eating or watching a film in the couch with me. I start off every morning, waking them up by farting loudly when entering their room, to which they respond by quickly escaping from my presence. They find it semi-enjoyable. Especially if only one of them are caught in the line of fire. My farts are by far the worst I've ever come across. I'd dare say I have the smelliest gas in the world. They reek of egg, burnt rubber and fireworks. They also linger. For I can let out a single fart in a room, exit and it will still be present when returning 20 minutes later. Hence, I at times surprise my kids by farting in the living room, a good 5 minutes before they enter, only for them to be quickly subdued walking into a seemingly fart-free room. Am I normal, /biz/? Any other parents who do something similar? pic somewhat related
OG LUNA BAG HOLDERS SACRIFICED THEMSELVES SO THAT WE COULD ALL GET RICH, DON'T MISS YOUR CHANCE
>$1my god, the amount of newfags and total fucking idiots is staggering.MARKETCAP MOTHERFUCKER, DO YOU HAVE ANY IDEA WHAT IT IS?
>>48804702>Buying up five trillion LunaMy God, that’s nearly.... eight dollars and twenty three cents!
>>48808180>MARKETCAPNo such thing.
>>48808180What would the price of luna be if its market cap reached the same peak that shib did?
>>48804493That and many many other reasons
>>48808126Stay poor fag
>>48808278i don't know and i don't care enough about a dead project to be doing the math for you
>>48808278It would need to hit around 0.008 to reach that level
>>48804493You can see the supply here, live and updated every 15-30 seconds.https://fcd.terra.dev/v1/circulatingsupply/luna
>>48808666I mean to say, currently its burning about 8 million coins per minute.
>>48808666The holy trips for wealth have been triggered. WAGMI
>>48808706What's driving the burn?
>>48808706how many millions are in a trillion, anon?
>>48808706The supply is growing by 600k/minute.
>>48808883>>48808806>>48808706>>48808666burn addy for reference https://etherscan.io/token/0xd2877702675e6ceb975b4a1dff9fb7baf4c91ea9?a=0x0000000000000000000000000000000000000000
Hear me out what if there was this base. A base for goys. A goybase if you will. And in this base of goychattle one could purchase let's call it a wrapped Luna. Seems like hypothetically in said scenario you wouldn't have to worry about whether or not your current on chain supply disappears to a burn
Looks like the supply is still inflating...lol wtf?
>>48808883people are burning UST & all of the existing stakings are beinf dumped into the pool.The actual minting of any new LUNA was stopped already yesterday.
>>48808852It will take over 2 months at this rate to go back to a billion C's.
>>48808706If only it were 6 million
>>48809202Are you not watching it? The numbers going up...
>>48808666Kek is that 6 trillion?
>>48804884By the time /biz/ starts making generals it’s already too late
>>48808085>they will burn and we will see $100 back by the end of the year or maybe Q1 2023Unless they plan on burning luna held in private wallets too, thats impossible.
You idiots are shitting up the board way too much. I will log post in luna threads
>>48808706>I mean to say, currently its burning about 8 million coins per minute.Gee at that rate it should only take a year and half to get back to where it was.
>>48804606It really is the only chance they have for it to recover That or a reset which Do Kwon wants to do I imagine we will find out next week what they plan on doing with it
>>48804606You would have to burn 1/5th off the US current debt to do that, USA debt is 30 trillion.
>>48808806>buying ust off binance>wormhole it over to terra station and market sell>mint an insane amount of luna>transfer new luna back to binance>DUMB
poorfag here, I missed every train so far and I wanna drop $100 into this but the exchanges keep cucking me with ID verification...I don't have time to wait 5-10 days to get verified, which exchange will let me buy through PayPal so I can skip to trading right away?help me anons, pls respond... I just wanna ride the meme train for once.
>>48807959I literally don't care I am 100% just fucking around and trying to see how much I can make swinging the ponzi before the final collapse to zero
>>48809607That would make it an incredible investment, anon. >get 379k LUNA for $100>wait 1.5 years for LUNA to burn enough to return to $100>you just made 37.9 million dollars off of a longshot meme playImagine this happening and imagine you not even whiffing that profit. You would kys. At least buy a cheap suicide stack. >
>>48811932This is some nigger tier cope
>>48804493Insider here. There will be a burning and you're not going to like it
the only way this could have a chance at breaking even 10cents is if the whole game scenario starts again when even retards started rallying into it
>>48814272bro all we gotta do is convince the normies on plebbit and twatter that this is another noble fight against the capitalist cabal. those morons will eat it up, and LUNA will FOMO so hard every anon here will be buyin a lambo for his wife's son.
>>48810839unironically I will help you if you want, but you'd have to trust me not to scam you. If ou're willing to do that, I will buy on your behalf
>>48814424if you can get some Billionaires in, this baby will pump
>>48810839do you not have a driver's license or what?
>>48814600>unironically I will help you if you want, but you'd have to trust me not to scam you. If ou're willing to do that, I will buy on your behalfthank you anon, but I managed to get on Kraken and buy through there. now I just gotta figure out how to link up a wallet and transfer everything out if this meme coin actually hits the ceiling.
>>48808159They quite literally did
>>48808149When you’re an old man, they may remember this, and not do a small kind or nice thing for you every now and then
>>48812486Oh I don't believe for one second that is going to happen. I'm just saying that if it did somehow recover in 1.5 years it would be an incredible investment. I'm only encouraging people to buy so I can swing this shit I don't actually believe in it.