@xavierchua@coinfessions Probably means the value of the NFT shoes purchased to play, and the price of $GST, which is earned for running with the NFTs.
NFTs dropped from $1500 floor to about $100.
$GST dropped from $8 to $0.12
@FatManTerra@asparagoid@asparagoid has a good point here. Burden of proof on everyone-at least anyone you fancy investigating, which for all intents may be anyone-except you?
I don’t wish to sound apocalyptic about this, but one has the sense that at present our society is simultaneously characterized by wildly disproportionate accountability for trivial transgressions and zero accountability for profound institutional failure.
@PedroTheKiwi@Cephii1 Coming from a small fish, everyone who gave a damn about Terra v1 got shat on, including the whales.
The only differences between us is what % of our net worth went down with the ship, what lessons we learned, and what we're doing with both of those things.
@Maphiuso @WrastleCastle @MadLizLuna This👆
You can't re-peg $UST at will. There is billions of USD in real-world debt here that must be paid by someone to restore the peg.
And then there's nothing stopping the same attack from replaying again.
@WrastleCastle @MadLizLuna To each their own.
I was rekt in this attack, but I don't want to make my default assumption in a bad situation that there is a conspiracy.
If I see evidence of malice or personal wrongdoing, I'll re-evaluate.
@MadLizLuna If the only thing required to make something true, was asking someone to disprove it, most things could be made to seem true, regardless of validity.
If this suspect account provides some credible evidence, and not just a totally random accusation, that would be shocking.
I just realized @terra_money v2 is NOT a "fork".
It's a brand new network, with fresh state, no market, treasury, oracle modules and WASM state.
Terra Classic will probably burn $LUNC, and the rebirthed Terra provides a positive future for $LUNA.
@FatManTerra I don’t think it will benefit post-attack speculators too disproportionately.
I can't see how they would determine # of tokens to airdrop, without using % of classic luna circulating supply as a measurement, pre and post-attack.
That measure won't favor late speculators by much
Last week, @terra_money underwent a devastating attack, but they underestimate the resilience and unity of the #LUNAtics family.
Rebuilding from a fresh start won't be easy and needs all of our support.
Count us in.
@realTerranOne and @scv_security reporting for duty ser!
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA
The #LUNAtics are the craziest bunch of people - passionate, resilient, and just full of amazing ideas on how to survive this tragedy together.
Very optimistic about the future of @terra_money - wait for the dust to settle before you make a permanent decision.
Life > Money
This is my final contribution to the Terra collapse.
Combining two of the leading proposals to create a value proposition that may be able to attract new money.
I am going on a cruise tomorrow and will not actively engage in this further.
https://t.co/zh2lAaBcqt
All updates will be posted on this Twitter account (@terra_money). Any other Twitter accounts purporting to represent Terra are fake.
Users are advised to be on the lookout for scams.
The community is deciding on a new @terra_money, between restoring a snapshot prior to attack, removing TFL, fully collateralizing UST and drafting & deliberating new mechanisms for $LUNA.
We must salvage the remaining value in the ecosystem & community and rebuild the right way