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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 736 KB, 561x680, werise.png [View same] [iqdb] [saucenao] [google]
51186264 No.51186264 [Reply] [Original]

interlinked >>51183346
Listen once per day:
https://vocaroo.com/1fk7klnZQdct
https://vocaroo.com/1fk7klnZQdct
https://vocaroo.com/1fk7klnZQdct

How to STAKE for newfags

>download terra station on your phone
>create a new wallet
>go to settings and switch network to classic
>withdraw your LUNC from the exchange (you do not need a memo to withdraw! memos are only for sending to exchange!)
>once you receive your coins go to stake screen
>choose a validator and delegate to them
>withdrawal of rewards can be done anytime, unstaking takes 21 days to unlock your coins

it's literally that easy.

>helpful links

>Worm hole for Wluna
https://docs.terra.money/docs/learn/terra-station/wormhole.html
>Staking rewards calculator
https://www.stakingrewards.com/earn/terra/
>Terra Shuttle sun setting video
https://youtu.be/HMVLiZpbpeo [Embed] [Embed] [Open] [Embed] [Open]
>HCC video on delegations
https://youtu.be/EtrHi-kuDsc [Embed] [Embed] [Open] [Embed] [Open]
>HCC video on changing coin rewards
https://youtu.be/TZFqryj4ee8 [Embed] [Embed] [Open] [Embed] [Open]
>Learn to stake on Terra Station
https://classic-docs.terra.money/docs/learn/terra-station/staking.html

>> No.51186275

Lfg lunchads!!!

>> No.51186288

is $2 realistic?

>> No.51186287

$1 End of September

>> No.51186297

>>51186264
Lets go

>> No.51186303

>>51186264
Bump limit on threads is 310, you guys gotta chill

>> No.51186310
File: 89 KB, 1073x753, 166173636347985883.jpg [View same] [iqdb] [saucenao] [google]
51186310

$1 EOY is inevitable now.

>> No.51186319
File: 107 KB, 1200x1169, stinky_fucking_linkies.jpg [View same] [iqdb] [saucenao] [google]
51186319

LUNCHADS WE RISE!
>https://vocaroo.com/1fk7klnZQdct
https://vocaroo.com/1fk7klnZQdct
>https://vocaroo.com/1fk7klnZQdct
https://vocaroo.com/1fk7klnZQdct

>> No.51186324

>>51186264
nice links in the bread making, anon. $1 eoy. check em.

>> No.51186382
File: 519 KB, 845x1497, Screenshot_20220830-185216_Gallery.jpg [View same] [iqdb] [saucenao] [google]
51186382

We need another blessed bread what happened to all our dubs and trips lunc bros

>> No.51186395

>>51186264
WAGMI

>> No.51186397
File: 44 KB, 861x717, 1661910548376438.jpg [View same] [iqdb] [saucenao] [google]
51186397

Those redditors dismissing LUNC because of the current staking APY and Do Kwon was extremely bullish. They literally don't know what's going on

>> No.51186398
File: 62 KB, 680x680, 1661544797644981.jpg [View same] [iqdb] [saucenao] [google]
51186398

>>51186382


Check em, lunc will hit 3 dollars

>> No.51186400

>>51186382
lol ok

>> No.51186411

>>51186400
Holy shit checked

>> No.51186428

>>51186288
>>51186400
>>51186411

Checked.

>> No.51186429
File: 91 KB, 408x660, LunChad.png [View same] [iqdb] [saucenao] [google]
51186429

>>51186264
LunChads rise up!

>> No.51186430

WAGMI
YOUGMI
WEALLGMI

>> No.51186457
File: 117 KB, 640x978, 1661253472318328.jpg [View same] [iqdb] [saucenao] [google]
51186457

We are going to make it Lunc Chads

>> No.51186469

>>51186382
we already got enough digits to hit ath with this one, vnr

>> No.51186511
File: 539 KB, 640x640, les go.png [View same] [iqdb] [saucenao] [google]
51186511

>>51186264
wtf how many threads is this today? 3? i'm so old i remember one thread lasting 2 full days

also thanks for the new thread OP, appreciate the work mate - love my LUNChads let's gooooo

>> No.51186528

>>51186511
I think this is the fourth one, discussion has been on fire today

>> No.51186531

>>51186511
yeah i think we just got momentum after the candle essentially just blew past 14

im used to waking up to a new bread and catchign up but this is getting wild

>> No.51186557
File: 71 KB, 400x672, 1661268347096655.jpg [View same] [iqdb] [saucenao] [google]
51186557

Check 'em

Fatman reporting in

>> No.51186595

We're again at 1/3 of mcap in trading volume

>> No.51186600

>>51186557
lunatic reporting in

>> No.51186602

I'm already undelagating but its gonna be 20 more days before I have access to my Lunas. Im scared I'll need them before that.

>> No.51186606

>>51186557
mandarin milfhunter reporting for duty, SIIIRRR

>> No.51186614

>>51186319
>>51186264
Bro put the vocaroo in the OP

>> No.51186618

>>51186557
i only got to baboona,
but if we dip to 12 I might go up a rank.

>> No.51186619

>>51186600
70k stack reporting check em

0.25 mid next year all the way to $1 in 2024

>> No.51186624
File: 192 KB, 647x486, moonser.jpg [View same] [iqdb] [saucenao] [google]
51186624

lets go my basterds

>> No.51186642

>>51186624
ranjesh we are doing the needful madachod

>> No.51186650

Buy yesterday at .00013 is looking pretty comfy right about now kek.

>> No.51186652

>>51186624
we back bussin fr fr no cap?

>> No.51186660

>>51186618
i feel like we'll mostly bounce around between 15-16 for the next little bit
or well just blow past 17 i really have no idea any more

>> No.51186669

Do Kwon is going to jail. CZ will be publicly backing lunc. Strap in niggas.

>> No.51186674

>>51186652
on god

>> No.51186687

Luna rebels looking for $5 to $10 before ensuring true decentralisation takes place.

Its deeper then evaluation and money. Its about redemption and revenge where ding do left people.

Take this however you want.

>> No.51186694

>>51186619
Fuck you, $1 EOM september

>> No.51186726
File: 1.54 MB, 270x368, food.gif [View same] [iqdb] [saucenao] [google]
51186726

>>51186660
same, I don't think we're getting .00012 unless the whole crypto market dumps bad.

>> No.51186752

>>51186669
I want to believe

>> No.51186779

>>51186694
alas its impossible we sre looking at at least 306 days of trading before we reach 10b cap, we also need market flow.

We compared this to the idea that people will HODL on the 1.2% implementation, with a max estimate of 482 days before burn implementation ends at a slowed rate.

It won't be a huge rise until we reach the last 3 months before end of burn tax until we see the phoenix rise.

Strap in $5 - $10 during a juicy run is inbound but not around the corner.

Burn implementation will see LUNC have an expected loss of 0.000354 (predicted) with fluctuation between this margin.

Between now and mid next year we will see a rise to no less then 0.0115.

>> No.51186792

>>51186382
>sees timestamp of post
Icwatudidthar

>> No.51186794

>>51186779
bye guys enjoy the ride

>> No.51186801

>>51186779
im happy waiting for the most part
in aus if you hold the coins for over a year your cgt is slashed in half anyways

verification not required

>> No.51186804
File: 70 KB, 540x405, 1661788970271577.jpg [View same] [iqdb] [saucenao] [google]
51186804

>>51186600
Checked dubs is back in this fresh bread

>> No.51186824
File: 14 KB, 512x512, images (3).jpg [View same] [iqdb] [saucenao] [google]
51186824

>>51186400
>>51186411
>>51186511
>>51186600
Me holding lunc

>> No.51186908
File: 515 KB, 763x522, golem1 small.png [View same] [iqdb] [saucenao] [google]
51186908

fudkikes are awwwwful quiet today kek

>> No.51186920

7% of supply is staked now

>> No.51186923

So...how is this retarded APY not going to suppress the price? How is this good for lunc? Honest question...

>> No.51186965

>>51186511
I know, I'm so used to only catching up to 1/2 or at most 1 thread a day. Now I go to work and come back to 2-4 threads a day to catch up. It's been on fire since staking got re-enabled.

>> No.51186992

>>51186557
FatMan stack
>>51186600
Checked

>> No.51187003

>>51186779
>Between now and mid next year we will see a rise to no less then 0.0115.
Be careful anon, I was insulted and called pajeet just because I showed them that $1 eoy was mathematically impossible.
My prediction? $0.1 when the burn ends in almost two years.

>> No.51187046

>>51187003
As long as I have more than I did before, I won't complain.

>> No.51187049

>>51187003
ultimately i think it better to set low expectations so if it does blow past 0.001 or whatever its just good feel all round

verf not required

>> No.51187052

>>51186920
wow. that's impressive. i didn't think it would get over 5% actually.

>> No.51187111

>>51187003
your math isn't notarized by the gods, radja

>> No.51187143

>>51187111
now this is what we call notorized by the gods

>> No.51187166

>>51187111
Checked digits. We are truly in for something life changing.

>> No.51187186

>>51187111
checked, and
checked

>> No.51187193

>>51186382
Stop with the fucking tranny posting

>> No.51187197

>>51187166
checking the check.
Consider your dubs, notarized

>> No.51187206
File: 63 KB, 498x437, 1661896797388847.gif [View same] [iqdb] [saucenao] [google]
51187206

>>51186920
>Whales stacking their bags at 69% APY
I don't like where are we heading

>> No.51187256

>>51187206
apy will go down, it was 100% 2 days ago, I expect 30ish in mid Sep. Whales also gonna sell after a 5 to 10x pump, and unstaking takes 21 days. A bit bumpy ride, but direction is upwards.
Also, volume is 1/3 of mcap today, yesterday 1/4

>> No.51187267
File: 495 KB, 763x522, gollum1 small fix.png [View same] [iqdb] [saucenao] [google]
51187267

alt version of above gollum kek

>> No.51187312

>>51187193
That's a biological woman you faggot

>> No.51187332

>>51187312
>tranny poster
>somehow I'm the faggot here
Lol
Lmao even

>> No.51187358
File: 461 KB, 2048x2048, IMG_0120.jpg [View same] [iqdb] [saucenao] [google]
51187358

>>51186382
It's time I stop posting e girls, it's time to reveal my true form here is a pepe I drew just for this thread. What should I draw on him lunc bros

>> No.51187476

>>51187358
Draw him surrounded by piles of money. USD mixed with LUNC coins.

>> No.51187497

>>51186264
Bros... It's dropping...

>> No.51187511

>>51187497
Don't be a faggot

>> No.51187577

>>51187511
Dubs of sanity. Sorry you didn't buy sub $0.0001 but the rest of us are doing well

>> No.51187595

>>51187511
>>51187577
Checked

>> No.51187652

i have 9.5 million
i have staked 2million of these..

should I unstak my lunas and just put 3 millions in 3 exchanges and leave the rest (500k) for staking?

my plan is to unstak everything and set 500.000 in sell ordes to get gains along the way while i wait for the 1$ mission

>> No.51187807
File: 876 KB, 2048x2048, IMG_0121.jpg [View same] [iqdb] [saucenao] [google]
51187807

>>51187476

>> No.51187816
File: 7 KB, 251x201, 1611546799938.jpg [View same] [iqdb] [saucenao] [google]
51187816

>>51187807
based

>> No.51187852

>>51183900
So you'd be replacing the burn tax by a UST swap tax. Brilliant idea, I wonder why nobody thought about it before. If it really works, it should be implemented asap to profit from the huge current volume, since the Lunc/UST pairing is the whole point of the chain, and the sooner it gets restored, the sooner confidence will come back too.
And dubs confirm it's a great idea anyway.

>>51186397
Also this, Redditors don't follow the Terra discord or this general, so they're completely oblivious to any change made on the protocol. It's the best time to implement whatever is necessary to restore the chain as fast as possible.

>> No.51187857

guys it hasnt gone up in over 4 hours now. its fucking over. sell everything youre holding RIGHT NOW. this shitcoin is done for good.

>> No.51187867 [DELETED] 
File: 1.19 MB, 1017x1536, lunawhores1.png [View same] [iqdb] [saucenao] [google]
51187867

Checked and lunawhore-pilled

>> No.51187883

L is for the way Lunc looks at me
U is for the Ultimate gains you’ll give
N is Never, never, gonna sell ya never
C is even more than any other Coin can make me

Lunc is all that I can shill to you!

>> No.51187938

>>51187807
megabased and great style anon

>> No.51187957

>>51187807
Based, WAGMI

>> No.51187969

>>51187852
not a bad idea in the dubs comment, but i think i would rather see a separate higher tax implemented on the second tax. 1.2% of 1.2% isn't very much. you would have 1.2% of the first burn buying ustc, but then only 1.2% of that is being burnt? that's minimal, imo. i also don't like the idea of giving ustc to the person that was taxed because then they could just get lunc again with it, slowing down the burn process even more.

>> No.51187981

How does delegating work? If I undelegate my stack right after I stake them do I earn less/no rewards for that 21 days?

Also how do you see which ones pay out the best? The commission, fee, etc percentages don't make any sense.

>> No.51187990
File: 23 KB, 600x600, 818.jpg [View same] [iqdb] [saucenao] [google]
51187990

AAAAAAAAAAAAAAAAA they're selling their staking rewards as fast as they get them AAAAAAAAAAAAAAAAA

>> No.51188000

>all the good projects moved over to Polygon
its unironically over for all LUNC holders

>> No.51188037

>>51188000
What are they doing on polygon, shitting on the streets? Eating cow feces with the pajeet ceo?

>> No.51188040
File: 26 KB, 495x508, Donkey_Kwong.jpg [View same] [iqdb] [saucenao] [google]
51188040

>Oh herro! It me again, Do Kwon! You rearry think you make maw-neeeh wit *my* Runa?! Stupid waeguk! Ha! Haha! Hah! Glim Leperu Squad ded! I free man now! And Runa Crassic go back to zeee-rho soon, hehehe... Wut that? Tella Rebers, you say? Idiot waguk! Tella Rebers in *my* poket! Bwahahaha! Not your faurt tho, don't cry - was my genious plan arr this time! Have 90,000 beet-koooin, arr too easy paying off Tella Rebers, arr too easy... Paid off dirty benchod jeet too! FUD everrywhere, FOMO nowhere! Hihihihihi, master of stabrecoin I am again - Runa Crassic now stabre... stabre at *0.00015*, forever! GAHHAHAHHAHAHA! I win again! But that OK, you *rike* getting rugged! This rug best of arr, make me even more maw-neeeh! Rug you dirty peasant poors again and again and again while furking mah waiyf in expensiiiive kondo! We in Singapuru, riving dat birrionaire lyf! Because Do Kwon rich! And you poor! And now that Runa Crassic dead, Runa 2.0 *only* Runa! Sukk my rittle yerrow peenor you 개새끼! Do Kwon win again! Hah! You 좆됐어 now! GET FAKKT GANGAM STYLE! BI-YATCH!

>> No.51188066

>>51187807
Incredibly based, thanks Anon.

>> No.51188070

>>51187981
based idiot.
commission means how much they charge you of your staking rewards to run the server. uptime percentage is how reliable the server is (you only earn rewards while it's online). the actual amount of staking rewards don't vary by server, but the more overall lunc is staked by everyone, the less individual rewards you get (more people splitting the same size pie).

>> No.51188076

>>51188000
>every day with this
waste of digits, waste of life, many such cases

oh also, nigger

>> No.51188096
File: 608 KB, 750x750, lunawhores2.png [View same] [iqdb] [saucenao] [google]
51188096

>>51187852
>UST swap tax

This might actually be a good idea, because it's inverse of what has led to infalted marketcap in the first place (minting new luna to re-peg USTC).
>You were warned.

Officer there's no nudity in that image, no nipples, just naked butts, but ok, I won't post butts again.

>> No.51188120

>>51186557
can you add more ranks for the jeets that fomo in and get priced out in 10 months?

>> No.51188148

>>51188120
They'll be ecstatic about their 5x gains while we hit >100,000x. Let's make it happen.

>> No.51188181

>>51188070
So all validators have the same reward apy?

Is there any downside to undelegating right after staking? Does it compound?

>> No.51188218

>>51188181
undelegating freezes your staked coins for 21 days. you need to do some homework friendo.

>> No.51188283
File: 1.26 MB, 1080x810, lunawhores3.png [View same] [iqdb] [saucenao] [google]
51188283

We're approaching 7% of supply staked. Reminder: ~80% of supply belongs to CEXs.

>> No.51188291
File: 9 KB, 222x227, 1661787936584873.png [View same] [iqdb] [saucenao] [google]
51188291

>>51187990
(You) posted this again?

>> No.51188301

>>51188283
translate in retard plz?

>> No.51188304
File: 320 KB, 406x792, rank em.png [View same] [iqdb] [saucenao] [google]
51188304

>>51186557
rank em

>> No.51188314

>>51188304
19m baboona checking in

>> No.51188330

>>51188218
I tried watching some youtube videos but its always some scrub giving me their opinions. I figure this general could answer such simple questions.

Is there any down side to undelegating my tokens after staking them? (Besides my rewards freezing)

>> No.51188341
File: 1004 KB, 1058x1472, 5E78BF80-9786-4C31-AC8C-A2C30D8BB988.jpg [View same] [iqdb] [saucenao] [google]
51188341

>>51188301
BaBOOOOnAAAAAAAAA

>> No.51188342

>>51188304
Based sitting at Do Kown rank but I'm holding on frontier.osmosis I heard the slippage takes half my stack what do bros

>> No.51188359

>>51188304
samefag here
What should I put for the newfag ranks?

>> No.51188366

>>51188304
100k - Saves the Village
250k - FOMO of the poor
500k - "I saw a green candle and ask I got was this tiny bag"

>> No.51188388

>>51188314
Double Lunatic here, fuck I wished I'd aped in sooner

>> No.51188404

>>51188304
100k = Chop Sui
250k = Degen New Moon
500k = Busan Blight

>> No.51188409
File: 855 KB, 320x240, baboona dance.gif [View same] [iqdb] [saucenao] [google]
51188409

>>51188304
baboona victory dance

>> No.51188420

>>51188388
double dubs confirm your enthusiasm and regret, but wagmi.

>> No.51188421

>>51188359
Amateur Astronomer
Bussin Playboi
Luna Chad

>> No.51188424

>>51188359
100k - JaJaJaJa

>> No.51188427

>>51188359
100k - /r/terraluna moderator
300k - kimchi connoisseur
500k - prince of Mumbai

>> No.51188458

>>51187969
It wouldn’t be 1.2% of 1.2%, it could just be the entire original 1.2% that is swapped for USTC, and then the LUNC is burnt. People swapping the USTC they get for LUNC would theoretically still be fine as it would reach a point of normalization by getting rid of USTC via burning it for LUNC, which would raise the price of LUNC, until eventually it can have an mcap greater than USTC which would ensure that USTC is able to actually be collateralized by LUNC. We want the arbitrage opportunity as that’s literally what empowers us to maintain the peg on USTC. Eventually the arbitrage opportunity to swap USTC for LUNC in order to profit would diminish and people would stop swapping USTC for LUNC accordingly, even if they’re still receiving USTC via the swap tax. That’d be the theory, anyway.

>> No.51188487

I lost the screencap of the quick rundown on LUNC can someone send it again

>> No.51188501

>>51188458
>It wouldn’t be 1.2% of 1.2%, it could just be the entire original 1.2% that is swapped for USTC, and then the LUNC is burnt.
this is where i get confused. if the entire 1.2% is swapped for ustc instead of being burnt then how is any lunc burnt like you say in the end of your statement? that's why i thought you meant that when the ustc is swapped for with the 1.2% tax that will create another 1.2% tax from the original tax that would then get burnt.

>> No.51188519
File: 351 KB, 406x792, rank em 2.png [View same] [iqdb] [saucenao] [google]
51188519

rankings for when it moons

>> No.51188541

>>51188519
Based paint meme maker

>> No.51188606

b...wtfwt

>> No.51188608

>>51188458
what you're proposing is effectively a 0 burn on lunc and a buyback on ustc. because how on earth do you swap lunc for ustc but still own the lunc to send to the burn address? it makes zero sense.

>> No.51188614

>>51188608
thank you for understanding my confusion, anon.

>> No.51188618
File: 213 KB, 1080x2114, IMG_20220831_082530.jpg [View same] [iqdb] [saucenao] [google]
51188618

Started staking a portion of my stack few hours ago. What am I in for my bitch basterds?

>> No.51188625
File: 372 KB, 1363x754, 1661466492661912.png [View same] [iqdb] [saucenao] [google]
51188625

>>51188487
this one?

>> No.51188632

>>51186319
this guy's going to be on cloud nine in a few more weeks

>> No.51188660

>>51188501
I’d have to look into the implementation details in the cosmos sdk side, but theoretically we’d simply just be adding an additional protocol level transaction to any blocks that incur a burn tax that are written to the network by all validators (after they upgraded to the new version that had this code implemented). We’d basically be doing an open faced sandwiching of our own transactions when they have a burn tax. So the block transactions would look like this (in my current understanding):

User with Address1 buys LUNC with USDT (for arguments sake, could be any asset really).
Protocol takes 1.2% of Address1’s USDT and swaps it for USTC. Address1 receives 98.8% of the LUNC they would have received for their USDT, and the remaining 1.2% they would have received as LUNC for their USDT is instead received as USTC. The sheer action of doing this swap will raise the price of USTC (since it’s been bought with real capital via USDT), and also mint new USTC that isn’t held in the hands of whales, which will help solve the distribution problem USTC currently has (top 100 wallets hold over 90% of current supply). It’ll also help pay down the bad debt that is currently in USTC due to the crash and help make USTC holders who lost their money whole by creating automated buy pressure on USTC via LUNC which people are trading in mass amounts for profit purposes. If I’m understanding the protocol’s design correctly this should also result in the LUNC being burnt by virtue of the swap for USTC happening, but even if that isn’t currently the case (would have to research more to see the exact behaviour in implementation) we could still implement that protocol side as an additional transaction (since the LUNC if it isn’t burnt would still be sitting in a non user specific address somewhere, likely just a LUNC pool, we could just append a transaction to the block where the pool transfers the equivalent 1.2% of LUNC in the pool to the burn address).

>> No.51188670

>>51188458
>>51188614
unless... mint burn swaps are activated.... and we trade the 1.2% tax for ustc, thus burning lunc at a current rate of 150 lunc to 1 ustc... but that also dilutes the shit out of ustc and the price of ustc will drop even further, moving further from the goal of regaining the peg. the ustc minted will not be able to be swapped back to lunc, only sold.

but how does that regain the peg then?

>> No.51188688

>>51188660
thank you. so if i buy $100 worth of lunc with usdt, $1.20 would get put into ustc, and then $98.80 would really be buying lunc causing 1.2% of that to be burnt which would be $1.1856 worth of lunc is burnt leaving the balance for your holdings which is $97.6144 worth of lunc. that makes a bit more sense i suppose.

>> No.51188690
File: 429 KB, 2211x843, B66F7438-2F4C-4C64-A77E-1E677EB4A5FC.jpg [View same] [iqdb] [saucenao] [google]
51188690

>>51188501
No you're right, a simple swap value for value would mint too many USTC and make the price drop, we want the opposite.

>>51188608
>buyback on ustc
In my understanding, it could work like that. The point is to use the huge Lunc volume to prop up USTC and to allow for a repeg sooner than later. It's just a variation of Zaradar idea.

>> No.51188697

>>51188625
Yes thanks Anon

>> No.51188706

>>51188660
The trick here is we’re exploiting the fact that ultimately validators choose what gets written to the network, and achieve consensus as a result of the network’s approval of their block proposals. So if we have the block that validators are proposing to achieve consensus on always inject our self open faced sandwiching transactions (where LUNC is sent to the burn address after a swap for USTC has been done) when we’re dealing with a transaction that would have incurred a burn tax, and all the validators agree on that block because they’re running the same code, then that’ll become what canonically happened on the blockchain. It’s all just a big fancy state machine at the end of the day after all. You’d just need to massage the way the blocks are written and proposed to the network to get what I’ve described to work (in theory).

>> No.51188724
File: 633 KB, 736x720, lunawhores4.png [View same] [iqdb] [saucenao] [google]
51188724

Zoomer whores await me

>> No.51188748

>>51188037
>with the pajeet ceo
There's a CEO of all Pajeets?
Who is this and how do we get in touch with him?
I want to hire him to shill my bags instead of fudding LUNC.

>> No.51188773
File: 106 KB, 334x506, 1661568069108623.png [View same] [iqdb] [saucenao] [google]
51188773

Good morrow Gentlechads, the line it would seem is going upwards!

>> No.51188776

$440m 24 hour volume. More than SHIBA.

>> No.51188782

>>51188690
you can only save one. you can't burn/burn lunc/ustc. it's always going to be burn one/mint one. My interpretation of zaradar's thoughts were to convince people to start using ustc thus injecting capital into it and creating demand, so when people swap lunc to ustc it burns that lunc and mints ustc. there's no way you can do a dual burn.

if you do a sale on lunc and a buyback on ustc that kills lunc. ultimately ustc is the one that relys on the strength of lunc, not the other way round.

>> No.51188791

>>51188670
I’d have to look into how the mint burn swaps work in detail. But why would the USTC that is minted not be able to be swapped back to LUNC? Even if you’re minting more USTC, you’re still burning LUNC at a much more rapid rate for each purchase of USTC relative to how much USTC you’re minting. That would raise the price of LUNC which would mean you’d hit a point where the market cap of LUNC would exceed the market cap of USTC (which is required to be able to recollateralize USTC), and it’d become more profitable to buy USTC with LUNC then it would be to sell LUNC to receive USTC as a burn tax. In short the ratios between the two coins would theoretically be fixed again, and the tax wouldn’t be needed anymore / arbitrage traders would be able to take advantage of the opportunity and we’d climb back to repeg by virtue of utilizing the price action and fomo that we know is going to happen in LUNC (as well as making full use of the capital that is required to be burnt in order to get LUNC’s supply down to 10B - we’re simply making use of the real dollar value that is present in the LUNC that is being burnt before we throw that LUNC away in order to lower the total supply of LUNC).

>> No.51188804

>>51188791
lunc has a max cap of 10b on v23. This means you can swap to ustc from lunc but not the other way round.

>> No.51188814

>>51188782
Not describing a dual burn. I’m more or less describing using Zaradar’s solution for swaps in the context of the burn tax that’s happening on every transaction that would incur the burn tax.

>> No.51188833

>>51188804
I don’t know if that cap is actually in effect right now, though. Considering devs were talking about minting of LUNC (and minting of LUNC is currently happening for staking awards) I can only assume we can still work around that limitation if it’s a real one quite easily. My understanding of the max cap is that it would really only come into effect once LUNC got back to below 10B so it wouldn’t go over it again, but that right now anything is fair game. Could be wrong on that understanding though.

>> No.51188836

Yo can someone post that hopium with the anime girl with her hand over her mouth that became copypasta? Thank you

>> No.51188838

>>51186557
Lunatic coming through!!!

>> No.51188842
File: 227 KB, 850x1330, 1657756922300.jpg [View same] [iqdb] [saucenao] [google]
51188842

>>51188836
This one?

>> No.51188849

>>51188833
there's no minting of lunc for staking rewards. they come from a rewards pool.

>> No.51188876

>>51188849
Got it, thanks. So you’re saying then that you can’t swap from USTC to LUNC because of the 10B max supply of LUNC? Do I have that correct?

>> No.51188881

wahhhhhhhhhhhhh why isn't it dumping this is impossible

>> No.51188887

>>51188814
right now we're talking about two types of swaps. one is the burn/mint swap, and another is the buy sell swap.

1.2% burn tax to the burn/mint swap would essentially dilute and tank the value of ustc, moving us further from the goal.

1.2% burn tax to the buy/sell swap would be tank lunc, because 0 supply would be reduced.

minting of lunc is not happening. we're all surviving on the 300b oracle pool at the moment.

I understand what you're trying to say, to spread the influx of capital in lunc right now with ustc too so both pumps, but your plan would only work if this level of fomo we're seeing now continues, which is not likely to happen if people realize the burn is not reducing the lunc supply at all. it's a variation of sushiswap type of high apy liquidity mining ponzinomics, but when the money stops flowing, but the resulting death spiral would be one that we truly will not recover from.

>> No.51188892

>>51188881
this is the new normal, buy in or regret

>> No.51188909

>>51188876
yep

>> No.51188929

>>51188887
Let’s talk about the 1.2% burn tax to the buy/sell swap and how it would tank LUNC. You’re saying that would be because no supply would of LUNC would be reduced because it’s just a swap and the LUNC would still be sitting somewhere as circulating supply, do I have that correct?

>> No.51188946

>>51188909
I’ll have to think on that. Via Zaradar’s own vision, USTC would have no cap. I’ll have to read more on how the mint/burn swap works in terms of implementation. I’ll circle back to that later.

>> No.51188956

last thoughts:

essentially lunc IS ustc now. because the supply is now so high it can be used like a currency/gas/coin instead of being a collateral asset to back ustc. the devs need to realize that ustc has no value now even if it gets to $1 because there is no peg and nothing backs it. what they need to do is to increase the value of lunc so high that it can be used as a collateralization asset. and that means burning it way down from the max cap of 10b so more can be minted if needed, ideally to something like 2b or even 1b.

then transition to ustc as a currency when lunc is valuable enough.

>> No.51188964

>>51188892
I want it to go back over .000162 since I bought in at that.. hodl obviously but I actually went all in at that point (I know I am retarded for buying in the hourly green)

>> No.51188972

>>51188929
there would be no burn of lunc at all because all you're doing is selling lunc to do a buyback on ustc.

tbf I have no fuckin' idea how the swaps work since I'm swapping my ustc stake rewards to lunc. I have no idea where the lunc comes from and where the ustc goes, I just take my lunc and leave.

>> No.51188974

>>51188956
This is more or less what I’m trying to describe, with the added step of swapping the LUNC that is being burnt for USTC to help restore the peg with real capital before that LUNC is then burnt.

>> No.51188975

>>51186264
this board is truly done, people are fighting about who's gonna eat more excrement from a creator of a total fucking scam. but muh community, muh staking, muh token burn, totally worth blowing 100 of mills a day.

NOGMI

>> No.51188982

>>51188972
If all we’re doing is a swap, you are absolutely correct. I’m not describing just a swap though. I’m describing a swap and burn, enforced automatically at the protocol level.

>> No.51189002

>>51188975
Fud

>> No.51189008

>>51188975
its pumping big though this can't be denied

>> No.51189016

>>51188982
described to me in your exercise what happens when i buy $100 of lunc. where does each piece of the pie go?

>> No.51189020

>>51188974
maybe I don't understand, but how do you swap lunc for ustc and burn lunc at the same time?

the guy selling the ustc must receive something back for his ustc that he's selling, and thats lunc. if that guy has your lunc, how do you burn it?

unless you're minting ustc, and diluting ustc?

>> No.51189038

The top 100 ustc wallets have 90% of all ustc. These talks of of ustc revitalisation will not benefit lunc holders. These are the same people who do not want the 1.2% burn. Fuck them.

>> No.51189064

>>51189016
Conceptually this is what I’m thinking right now.

$100 USDT is spent on LUNC (raises LUNC price).
$98.8 worth of LUNC goes into your pockets.
$1.2 worth of LUNC is swapped for USTC (lowers LUNC price). That USTC is sent to you.
The protocol takes that LUNC that now has no real capital value behind it, and instead of putting it out into the open market it sends it to the burn address, lowering the overall supply of LUNC (raises LUNC price).

This destroys LUNC but not money. We get to lower LUNC supply (which we want) and also help restore USTC to peg (which we also want).

And as a user you don’t lose any money as a burn tax, you just receive equivalent value in two assets that are both going up anyways, and the ecosystem can help recover itself automatically (in theory) by virtue of this tax not just being a burn tax, but a swap AND burn tax (or a buy back and burn tax, whatever better helps get the point across).

>> No.51189079

>>51189038
Yeah but we can double up in both and get rich twice.

>> No.51189090

>>51189064
who's giving you the ustc for free? are you just minting that because that is dilution if so.

>> No.51189091

>>51189064
Anon... I... So you're minting ustc essentially. so we had that confusing discussion for nothing, kek

>> No.51189100
File: 64 KB, 562x546, 1661927599215.jpg [View same] [iqdb] [saucenao] [google]
51189100

LUNChads the reason why there are so many talks of ustc revitalisation in the past two threads, is because of infighting on the discord group. There is a faction that wants to revitalise ustc at the expense of LUNC revitalisation. If you actually read through their aids of a channel, you'll quickly discover the kikery and faggotry. Fuck these niggers. They don't even have a plan, they just want to stop the 1.2% burn. The person who proposed we stop the 1.2% burn, is a member of the discord.

>> No.51189104

>>51188975

stfu retard. go suck off link and sergey the dumper.

All alts are ponzis ffs. Stay poor you retarded midwit.

>> No.51189106

>>51189100
checked. thanks, anon. tired of going round in circles anyway.

>> No.51189107

>>51189100
USTC is gonna pump even more than LUNC. Seethe.

>> No.51189134

>>51189100
yeah, figured as much.
>let's have a 40x pump so ustc gets to $1 instead of a 10000x pump on lunc!
peak niggerish behaviour

We'll revitalize ustc only if it helps lunc.

>> No.51189149 [DELETED] 

In Q3 2022, Syscon will implement Phase 3: Vilidium. This world's first mature blockchain solution will be the greatest leap for blockchain scalability since zkrollups.

>> No.51189153

>>51189100
Doesn't it kinda have to based on how they are interconnected? I'm not technically savy enough to understand how it works just that I read that the rate lunc mints, is based on the price of UST or something to that effect.

>> No.51189169

>>51189134
You realize not everyone is holding all the way up. There will be millions of $$ wanting to double up in something. USTC will hit $1 way before a repeg. USTC haters don't see how BOTH help each other.

>> No.51189171

>>51189020
When talking about the counter party on the other side of this (USTC holders) there’s two main thoughts I currently have:

If you mint USTC and the ratios of LUNC burns work out, you may not need someone on the other side of the trade at all. I also think there’s benefits to be had in doing the minting route because of how messed up the current USTC supply distribution is (too 100 hold 90% of total supply).

But let’s ignore all that right now for argument’s sake, and we say don’t want to mint more USTC, and we want to handle the bad debt first. The first thing USTC holders need to realize is that right now USTC is currently worthless. Having an automated buyback that raises the value of their currently worthless asset IS valuable, as it opens a door to making them whole. They also aren’t receiving nothing either. In a swap scenario, they’d still be receiving 98.8% of the LUNC they would have received, and LUNC HAS to grow in value for their USTC to even be worth ANYTHING (collateralization!) and since we all know LUNC is going to grow in price; they’re actually being very handsomely compensated for the automated purchase of their bad debt since the value of LUNC is going to appreciate well beyond the worth of their USTC and they can eventually realize that value on the open market in the form of real profit. Everyone wins (in theory).

>> No.51189173

>>51189153
that relationship has been severed

>> No.51189177
File: 754 KB, 500x375, 1661928071814.gif [View same] [iqdb] [saucenao] [google]
51189177

>>51189107
And the kike reveals himself. Remember don't want lunc to revive, they are betting on ustc rise to $1 where the top 100 holders own 90% of the supply, fucking LUNChads along the way. I have read their entire ustc revitalisation channel on the discord and it reeks of kikes and niggers. It's pissing me off.

>> No.51189183

>>51189169
with this said, I really hope we get clarity about USTC asap because it is a scummy thing for some of us holding it if they plan to abandon it and do nothing. We need clarity on this ASAP!!!

>> No.51189185
File: 975 KB, 256x199, F0AE4F6C-C21C-4144-8584-4E1711613362.gif [View same] [iqdb] [saucenao] [google]
51189185

>>51189100
Thanks fren

>> No.51189192

>>51189177
>where the top 100 holders own 90% of the supply.

LOL the Lunc distribution is no better.

>> No.51189198

>>51189091
What I’ve described works the same way regardless of if it’s a mint or a swap with another user. It doesn’t matter how much USTC is minted if there’s enough value in LUNC to collateralize it (why do you think Zaradar has explicitly said USTC doesn’t need a supply cap? Think about it!)

>> No.51189199

>>51189173
Ah, ok. So what is governing the minting now? Like how is the minting rate determined or is that stopped altogether?

>> No.51189213

>>51189169
>>51189183
kek, talk about instantly revealing your hand. what a nasty little jew you are. kys

>> No.51189230
File: 262 KB, 318x419, B8B0E2FD-627E-4DC7-81BE-73CB78C3B6C3.png [View same] [iqdb] [saucenao] [google]
51189230

>>51189183
Is the same guy that says>>51188881
go back to Redd*t you white liberal piece of shit

>> No.51189232

>>51189171
honestly, what are you talking about now. you are saying ustc holders are getting 98.8% lunc? why? and now you are saying that ustc holders will now give up their ustc for free to a lunc buyer? anon, maybe sleep on this. it's confusing as fuck and the more confusing it gets the more it comes across as being soft fud because it isn't going anywhere productive. just an endless loop of stupidity. how about you just buy lunc now and make some of your ustc money back when it moons? if we find a way to use ustc again as a use case then great. lunc first for me. good night.

>> No.51189241

>>51189198
no anon.... it does not. you really have to go back and rethink this. I think it's pretty clear how you're thinking about this wrongly and I've explained it. we're just going about it all over again.

>> No.51189243
File: 105 KB, 1280x720, 1C9043CA-0AAF-4C39-AEC1-1032185994D8.jpg [View same] [iqdb] [saucenao] [google]
51189243

>>51189198
Fuck off already you god damned bag holding fuckwit

>> No.51189250

>>51188956
You're probably right, the priority is restoring Lunc value.

>>51189107
It literally can't, and If it does, it won't go past $1, remember. It's "only" a x40 from the current value.

>> No.51189254

>>51188964
no, you're retarded for caring about micro-cents this early, time to fuck or walk , it's never going to be 0001 again, so ask yourself , do i want to assume risk in order to potentially put three or more zeros on the end of this lump of fiat money yes or no?

>> No.51189255

>>51189243
I don't think he's a ustc baggie because his ideas will kill ustc, if not lunc as well...

he's just gotten a little mixed up imo.

>> No.51189258

>>51189100
How much sway do they seem to have? Part of TR?

>> No.51189261

>>51189255
checked. agreed.

>> No.51189270

>>51188842
No its a whole paragraph about why Luna is going to moon and the guy says he's an insider

>> No.51189280

>>51189258
They have taken over the entire "ustc-revitalisation" channel on the TR discord. One of the biggest shills for the ustc revitalisation (and the guy I personally suspect created the proposal to remove 1.2% burn tax) is a TR dev.

>> No.51189298

>>51189280
i'll listen to anything if it makes sense, so if ustc can be revitalized in a way that works, great. if not, no thanks. i'm here for lunc and that means ustc might or might not be a workable use case for it in the future. if it can't be, oh well. there can be other use cases explored. just repegging to ustc is not the only use case in cryptocurrency.

>> No.51189304

>>51189213
>>51189230
No one is secretive about their motive here to make $$ here. It is your hostility to USTC that is bizarre considering Lunc and USTC are under the same umbrella.

>> No.51189307
File: 264 KB, 500x442, 26D10BB5-E47C-4ED8-8629-5F1DC8FEE272.gif [View same] [iqdb] [saucenao] [google]
51189307

>>51189255
This smells of divisive, clever fud to me brother. All of this “good faith” proposals of the past 2 threads, you’ve explained your position completely and he remains saying the same nonsense over and over again. At some point we need too get the message across that him and his discord pals can fuck right back off to redd*t and cry about never being able to afford reassignment surgery

>> No.51189317

>>51189232
USTC holders would receive 98.8% the LUNC they would have received in the context of a swap, due to the 1.2% tax. Where did I say they’re giving up their USTC for free? It’s literally USTC holders taking a small haircut on their USTC to be compensated in LUNC in a manner that also grows the worth of their remaining USTC. I fully acknowledge that it’s hard to understand and confusing to describe though, because the discussion is happening across multiple use case contexts. Just because you’re confused doesn’t make this soft FUD though. I have yet to receive a convincing argument as to why what I’m describing wouldn’t work. I also wouldn’t be surprised if many USTC holders had LUNC bags either. But this isn’t even about USTC holders. Ultimately the focus in what I’m saying here is that eventually to get LUNC beyond $1 and to new all time highs we ARE going to have to talk about how we revitalize USTC (as we revitalize LUNC) so that the unique differentiator of the Terra chain (The LUNC / USTC pairing) can actually be used to help it stand out from other chains in the market just like it did before the crash. Simple as.

>> No.51189321

>>51189298
This, throwing ideas around and discussing ways to restore the chain is fine as long as it's in good faith. But the main priority is Lunc, it should be clear for everyone.

>> No.51189327

Anyone? It was an insider anon laying out why lunch is going to pump and how Terra rebels were still accumulating cmon lads help me out

>> No.51189336

>>51189317
dude, not sure how many times to say this, but you can't just mint ustc out of thin air and think that's a viable solution. you also in lieu of that plan say now that ustc holders should receive 98.8% lunc. when? are they the only ones ever swapping to lunc? what happens when a non-ustc/non-lunc holder wants to buy lunc? what happens then? do they just get 1.2% ustc? again...where does it come from?

>> No.51189343
File: 187 KB, 640x493, 1661929380816.jpg [View same] [iqdb] [saucenao] [google]
51189343

>>51189304
Listen you kikefaggot nigger. I only care about lunc, lunc 1.2% tax burn and getting lunc supply to 10B. Whatever you faggots plan for ustc came come after this. You have no plan, and cannot explain how this will get lunc to 10B. Fuck off back to your nigger kike hole.

>> No.51189346

>>51189317
Lol so that option is to wage war on all the USTC holders, throwing them table scraps of Lunc. That will create 1000s of haters.

>> No.51189348

Hi! If I have 100000 lunc stack how many dollars will I have when this hits $0.1?

>> No.51189351

>>51189241
It’s clear I’m being misunderstood here. Please expand on how I’m thinking about this wrongly. You say you’ve explained it, but in our discussions all I’m getting from you is “Minting USTC won’t work”, even when I describe how things would work in scenarios that don’t involve minting USTC (although I do believe minting USTC could work as well, but I’d have to run the numbers to confirm). It’s a swap. And a burn. I have also described how that would work at the protocol level. How do we get to a shared understanding here? Do we need to rest on this and come back with clear heads tomorrow?

>> No.51189353

>>51189343
Both will pump keep seething.

>> No.51189354

>>51189348
$98800

>> No.51189361
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51189361

>>51189304
Your genetic line failed by producing a cucked wh*te piece of shit like you

>> No.51189366

>>51189351
Thank you, hopefully it will work for all parties. Lunc holders clearly have an agenda to destroy USTC, but I see no reason both can't thrive.

>> No.51189368
File: 113 KB, 898x899, jeetus.jpg [View same] [iqdb] [saucenao] [google]
51189368

>OC
Anon, I hope you have your spacesuit ready

>> No.51189370

>>51189346
I mean they’re waging war on LUNC holders haha. I’m just trying to find a way that helps both parties and gets us to how the chain used to be. Also happy with holes being poked in what I’m proposing because the goal here is to get something that works, not for me to be right. The discussion is important.

>> No.51189373

>>51189366
some* lunc holders. Most are chill about it and believe they can co-exist.

>> No.51189379

>>51189304
ok you fucking mongrel, do you think we don't know you fags will dump ustc the moment it hits $1? then the price will dump and we'll be far away from the peg again. fuck off you counts, ustc repeg is a dream that will get yanked further away the moment we get near.

The only solution is to create a strong lunc, or sufficient demand for ustc for it to pump to a dollar, and we all know which is easier.

>> No.51189385

>>51189336
Why can’t we mint USTC out of thin air when it’s always been collateralized by LUNC? The value of LUNC is what makes the value of USTC real. I’ll answer your questions in a moment, phone posting is hard.

>> No.51189390

>>51189366
>>51189370
it's not waging war to say that minting ustc out of thin air is stupid. it's also not waging war to say that your way of doing it without minting it out of thin air doesn't make sense when dealing with a non-ustc/non-lunc holding first time buyer no matter how affirmative you are in declaring how right you are about a plausible solution. it's not. in both cases you are dealing with situations where ustc will have to be minted (dilution) in either the entire scenario or sometimes.

>> No.51189391

>>51189373
Fuck off kike. We can start discussing after 1.2% burn tax is in, but you USTCunts want top put a stop to that? Why should I believe and the rest of the kikes in the ustc-revitalisation channel on the TR discord are acting in good faith? Fuck off

>> No.51189398

>>51189385
you realize if you mint ustc out of thin air you will drive the price further down, correct? if you mint it out of thin air, what is it being backed by?

>> No.51189401
File: 37 KB, 852x567, staking.jpg [View same] [iqdb] [saucenao] [google]
51189401

Is it staking or skating?

>> No.51189406

>>51189379
I agree with this. LUNC is the priority. But I also think we can have an impact on USTC by using the strength of LUNC as we create the strong LUNC you describe. That’s all.

>> No.51189420

>>51189398
THE LUNC THAT IS BEING USED TO BUY IT FROM THE SWAP AND BURN TAX!!! THE PRICE APPRECIATION OF LUNC!!! FUCKING LUNC!!!!!!!!!! IT’S BACKED BY FUCKINGGGGG LUNC!!!!!!!

>> No.51189432

>>51189420
hi. i'm a guy that doesn't own ustc or lunc. i want to buy lunc. i have 100 dollars. i am now buying lunc. i am getting 98.8 lunc and 1.2 ustc. hmm...where did that ustc come from? did it come from a lunc holder? noooo...why would they give up their ustc for free. was it minted? yes it was! well that means that there is a higher supply now of ustc, right? yes it does! what happens when a supply of something goes up? i know! i know! THE FUCKING PRICE GOES DOWN.

>> No.51189435
File: 42 KB, 640x612, 0oulcq6xwhp71.jpg [View same] [iqdb] [saucenao] [google]
51189435

Ok let me lay out ustc right now for those of you fucking mongrels and absolute brainlets out there. Like zaradar aptly put, it's bad debt. the reason it's at 2c is because TFL were unable to pay that debt because their assets (LUNA) dumped to the core of the earth.

so, every ustc is a debt of 98c that lunc owes to the holder. to repeg that, lunc needs to buy up enough ustc that it goes back to a dollar, thus repaying the debt, or generate enough capital investing into ustc, or have the debt holders relinquish on that debt.

in other words, no matter what, capital must flow into ustc to regain the peg. it is an absolute waste of resources for lunc to try to regain the peg while it's so weak at the moment, because once the debt is repaid, capital flight will occur, and then we'll be back in the same situation we are now. the only fucking viable solution is to make a strong lunc so we can buyback ustc in future, or sever ties with ustc, or generate capital to flow into ustc. that's it. you don't pump money into ustc right now because that's dumb and you're putting the cart before the horse. holy fuck the brainlets here, or the soft fudders are intense. cap this so stupid ustc baggies can fuck off and sell their bags.

Remember, a strong lunc is a strong ustc. There is no such thing as ustc without lunc.

>> No.51189441

>>51189435
THIS. this is an even bigger issue than the fucking minting more ustc debacle. the end game has dumping written all over it.

>> No.51189442
File: 64 KB, 427x427, 1661930380100.jpg [View same] [iqdb] [saucenao] [google]
51189442

>>51189406
>>51189373
You two nigger kikes can fuck off
Once the 1.2% burn is in, and we have returned to 10B lunc, we can talk again. Until then, fuck USTCunts.

>> No.51189444

>>51189390
I’m not even trying to say I’m right. I’m asking for ways that I’m wrong, and looking to address the areas where I am. I literally said in another reply I don’t care about being right, and I don’t. I want to solve a problem. You are right that with a non-UST / non-lunc holding first time buyer what I’m describing wouldn’t make sense, I agree with you on that. But as far as I know the 1.2% tax in general wouldn’t apply in those scenarios, so none of what I’ve described would apply either. A user that doesn’t hold LUNC or USTC would basically be a non consideration for any of this up until a user interacts with LUNC or USTC.

>> No.51189447

>>51189444
anon, why wouldn't a first time buyer of lunc not have the tax strike their transaction?

>> No.51189460
File: 139 KB, 126x126, 1653413340803.gif [View same] [iqdb] [saucenao] [google]
51189460

My Luna go baboona

>> No.51189470

>>51189441
>>51189435
Lol biggest load of BS FUD, Lunc has no future without USTC. Look at both charts and study, ask why they both go up together and down together. Your motive couldn't be more clear.

>> No.51189477

>>51189442
Your FUD won't work. Lot of holders have both.

>> No.51189484
File: 747 KB, 736x736, lunawhores5.png [View same] [iqdb] [saucenao] [google]
51189484

>>51188975
It's literally no different from any other vaporware "crypto coin" that has imaginary "application" out there. Except here we really care about price and reducing supply is an active problem that is being resolved.

>> No.51189488

>>51189477
Fuck off Kwon you noodle nigger.

>> No.51189494
File: 30 KB, 656x679, b0e.jpg [View same] [iqdb] [saucenao] [google]
51189494

>>51189470
you should start a ustc bread then, see how that goes.

>> No.51189495

>>51189470
nah, this isn't a good argument. why do entire stock sectors of companies price action move in tandem on most days even if they are different entities? why did amc and gme move together even when they are different entities in different sectors? they are only tied by market sentiment, not by anthing that has to do with current tokenomics. i honestly couldn't care less about ustc. like i said, if it can be worked out to be a use case again safely, great. if not, well we have to move on to other use cases that the blockchain industry needs.

>> No.51189498

>>51189432
If only there was some sorta built in arbitrage based incentive mechanism to help with price discovery on USTC where people could trade another token (like say, LUNC) to instantly realize profit and make the price of USTC stable.

The argument of a USTC holder not wanting to give away 1.2% of their USTC for free doesn’t really hold, because their USTC is already bad debt that is being bought at a very reasonable price with a very minor haircut at the moment of transaction, and they are receiving an asset that will appreciate and make up for any haircut that they do take over time. That asset being LUNC. Now yes, USTC holders may hate that, but LUNC holders are willing to pay a burn tax where their money is destroyed right now, so USTC holders should be able to be okay with it too, especially when it gets their USTC back to being worth something again. Seems like a pretty good deal if you ask me. Could we do better? Probably. I’m open to ideas and I can think in this particular point more as well, but right now it doesn’t seem like the worst thing in the world to me.

I get you’re arguing supply and demand. I do.

>> No.51189502
File: 324 KB, 335x506, 60c.png [View same] [iqdb] [saucenao] [google]
51189502

Lunchads...

>> No.51189506

USTC Stands for Ultimate Seething Tranny Cunts.

>> No.51189507

>>51189498
why would a lunc holder willing to burn 1.2% of their transactions be willing for them to not be burned and instead go into the pockets of people that aren't themselves?

>> No.51189516

>>51189506
Wait, Ultimate Seething Tranny Coin

>> No.51189521

>>51189435
Yes. On this we’re in complete agreement. I’m not arguing timing here or saying this has to happen tomorrow. I’m trying to discuss methods to do exactly what you’re describing. None of this happens overnight.

>> No.51189524

>>51189498
ok bro, if you want to mint ustc mint away, I'm happy to receive it and dilute ustc baggies like >>51189477 this little jew. just as long as we're clear that lunc is to be burned, not sold.

>> No.51189529

>>51189494
Lot of holders have both. This is a disaster for the community and the wrong foot to start on, saying that half your community is out of luck and their USTC bag is worthless. You are about to create 1000s of haters. We need clarity on this ASAP by the devs.

>> No.51189536
File: 196 KB, 680x1069, 1661930932908.jpg [View same] [iqdb] [saucenao] [google]
51189536

>>51189477
Now he's saying LUNChads are fudding. Kek this is getting pathetic. My sides are in orbit. Fuck off USTCunt. LUNChads take note of this, they want to destroy the progress we have made. Do not interact or listen to USTCunts. Not one can answer how their proposals will get LUNC back to 10B. Make no mistake they are in it for Ustc only, and will fuck LUNChads along the way. Go to the discord ustc-revitalisation channel right know and you will be able to see exactly who these anons are kek

>> No.51189537

>>51189447
A first time buyer would be subject to the tax, just like how it’s currently implemented on the chain (but not enabled yet). Someone doesn’t hold LUNC and USTC would not be subject to the tax, is my current understanding (could be wrong).

>> No.51189545

>>51189536
>mistake they are in it for Ustc only, and will fuck LUNChads along the way

That is insanity. We have both Lunc and USTC. There is no secret cabal out to get you lmao.

>> No.51189547

>>51189545
you hold a decent amount of lunc? you should do pretty well when it gets to $1, anon.

>> No.51189566
File: 117 KB, 1337x845, Smug_Lunc_Duck.jpg [View same] [iqdb] [saucenao] [google]
51189566

>>51189529
we should mint more ustc just like >>51189385 suggests. even your id is MINT. stay mad, baggie

>> No.51189567

>>51189507
Where did I say the 1.2% would go into the pocket of someone else? I said the opposite. The LUNC holder would receive the 1.2% LUNC as USTC, and the USTC holder would only receive 98.8% of the LUNC they otherwise would have received from the swap, but they’ll be okay with it because that 98.8% LUNC will grow in price to make up the difference that was lost in USTC (and the price of USTC will also rise toward peg too so they’ll see gains from that as well). The 1.2% LUNC would be sent to the burn address after the swap has happened (this would all take place in a single transaction). It’s a multiparty transaction. From everything I can see, everyone wins in this scenario. Please do keep poking holes though.

>> No.51189569
File: 37 KB, 715x563, 1661901160208447.jpg [View same] [iqdb] [saucenao] [google]
51189569

My benis is erect for LUNC,

I'm getting roughly 50k in rewards daily from staking what is the wisest thing to do with them please my Lunc niggas

>> No.51189580

>>51189537
>>51189545
If you look at these two anon's suggestions, you can literally identify who they are in the ustc-revitalisation channel on the TR discord

>> No.51189586

>>51189566
You will seethe hard when it starts to move, a double or triple on Lunc will be 300-400. All the resistance and shorting. Meanwhile, a 4x on USTC will be a whopping 10 cents. The market will see this very soon.

USTC is going to outperform Lunc, screencap this.

>> No.51189589

>>51189567
>1.2% of 1.2% burnt
you must be a soft fudder, there's no way a normal person thinks that will work. SAGE

>> No.51189590

>>51189444
Checked but you sound like a midwit overdosing on aderall and you’re making the threads decidedly UNcomfy and quite jewish.
Please take your 22pbtid elsewhere.

>> No.51189594

>>51189567
i'm headed to sleep, but you have to explain your scenarios better. just advice for you. tell the people who is doing what, what do they hold in the beginning, and explain everything along the way.

>> No.51189603

>>51189586
The jew finally reveals his intentions.

>> No.51189607

>>51189589
thank you! i said this hours ago and it is again exactly what is being described. i'm out. fuck this. kek.

>> No.51189611

>>51189603
Oh please, we all have the same intention, to make money.

>> No.51189613
File: 15 KB, 399x400, e77.jpg [View same] [iqdb] [saucenao] [google]
51189613

uncomfy thread. I prefer the jajajaja dicklet to these concern trolling jews with hidden intentions

>> No.51189619

>>51189567
I’m gonna add onto this to be even more clear, since there’s a lot of numbers flying around and I clearly need to make a chart to illustrate how this would work at some point. Lunc holders would receive 98.8% of their purchase as LUNC. 1.2% as USTC. If there’s no counter party to the transaction that holds USTC, buy USTC (causing a mint of USTC) to give to the LUNC holder. Burn the 1.2% LUNC immediately after the swap in the same transaction. If there is a counter party that holds USTC (we are doing a swap), there is no mint of USTC, the LUNC holder still gets 98.8% of their purchase as LUNC, and 1.2% as USTC (purchased from the counter party). The 1.2% LUNC is STILL burnt immediately after the swap. USTC holder accepts the minor 1.2% haircut because the LUNC they receive will appreciate in value to make up for the loss since due to the LUNC being burnt (and the price will continue to rise in general), and the value of their remaining UST has also gone up as well. I hope that’s more clear.

>> No.51189624

>>51189580
Yep the way I write is pretty obvious and not hard to figure out if you’re paying attention. Based pattern recognition fren.

>> No.51189631

>>51189613
all u need is some digitz

>> No.51189635

>>51189589
I’m not saying 1.2% of 1.2% burnt. I’ve already clarified that before. Where are you getting that impression?

>> No.51189641

red:wave2:will trim your lunc for free

>> No.51189644
File: 74 KB, 960x960, D1277451-02D7-46D9-AA58-43A4FB8908E9.jpg [View same] [iqdb] [saucenao] [google]
51189644

If only we knew how bad the fud was going to get, and we’re not even at a penny. At least the jeets kept it short and we could just laugh at them.
With we had the comfy 1 general per day threads filled with insane digits back.

>> No.51189645
File: 27 KB, 452x679, images (31).jpg [View same] [iqdb] [saucenao] [google]
51189645

>>51189569
Ay yo some help here please niggas

>> No.51189648

>>51189524
Sold AND burnt.

>> No.51189662

>>51189594
Agreed. We can revisit this with a more clear explanation. It’s late and I acknowledge it could be explained better.

>> No.51189674
File: 130 KB, 1242x1191, tuckerchan.jpg [View same] [iqdb] [saucenao] [google]
51189674

>>51189619
it's very clear now and that means a 0.0144% burn tax on lunc so how about fuck no and please don't follow us into the next comfy bread.

>> No.51189678

>>51189619
> the LUNC holder still gets 98.8% of their purchase as LUNC, and 1.2% as USTC (purchased from the counter party)

Whoops, typo. Meant this:

the LUNC holder gets 100% of their purchase as USTC (purchased from the counter party)

>> No.51189696

>>51189674
I think I might have found where we’re getting wires crossed. Could you expand on how you got to the 0.0144% burn tax number? Do you think I’m saying swap 1.2% of LUNC, and then burn 1.2% of the swapped LUNC? Because I’m not.

>> No.51189697

>>51189644
The USTC situation is a bigger deal than it seems. It has to do with the entire future of the project. Lunc maxis want it to just go away. But we USTC holders are also Lunc holders, we deserve to not be thrown under the bus.

>> No.51189705

>>51189697
We have been in the threads from the beginning, making the memes, being a part of the community. We are not an outside enemy force trying to sabotage Lunc. Both projects will rise together, and share in their future.

>> No.51189708
File: 1.32 MB, 1300x1000, lunawhores6.png [View same] [iqdb] [saucenao] [google]
51189708

>>51189536
Maybe it's redditors who lost life savings in the ponzi and still hold it kek

>> No.51189712

>>51189280
WE NEED TO STOP THEM

>> No.51189713

Frens, I have Wrapped LUNA, wts is that, why it's price much higher and why it 300% up?
https://www.coingecko.com/en/coins/wrapped-terra-classic

>> No.51189725
File: 101 KB, 1024x574, 1627495100601.jpg [View same] [iqdb] [saucenao] [google]
51189725

>>51189705
>We have been in the country from the beginning, supporting the economy, being a part of the community. We are not an outside enemy force trying to sabotage the US and the white race. Both races will rise together, and share in their future.

you even say the same lines

>> No.51189728

>>51189705
You are a troll. I doubt you even hold either.

>> No.51189741

>>51189705
>>51189697
No you haven’t faggot these last few threads are the first time this has been bought up. Go start a ustc general if you want, this is a lunchad thread.

>> No.51189746

>>51189728
I hold 50 % USTC, 50 % Lunc. Luckily I switched in the pump to 3.5 last week, but I still hold a lot of USTC. The way you categorize USTC holders are FUD is bad for the community, we have been here from the beginning. Most holders have both.

>> No.51189750

>>51189741
Lunc and USTC are tied together at the most technological level. They are not separate, but one and the same.

>> No.51189760

>>51189746
>>51189750
Bitch STFU

>> No.51189766

>>51189746
pic of hands, holdings and proof of foreskin or gtfo

>> No.51189769
File: 1.41 MB, 1435x1906, 20220829_121751.jpg [View same] [iqdb] [saucenao] [google]
51189769

>>51188956
Very high level discussion.
>monstrously bullish

>> No.51189785

>>51189746
>>51189750
The fact you can’t write out your proposal in less than 20 posts shows to me you are both lefty tranny faggots how is trying to bamboozle everyone into thinking you’re right by trying to make yourself sound knowledgable. I must say I’m quite impressed, you almost fooled me.

Unfortunately for you the truth always reveals itself to noticers who have honed their craft over decades of experience. Be gone, faggot.

>> No.51189814

>>51189785
Someone post
>the noticer
meme.

>> No.51189818

Why the fuck we need ustc kek? Sell it for LUNC and don't be retard.

>> No.51189824

The only thing LUNChads need to take away from these new USTCunts is that they do NOT want the 1.2% lunc burn, they do NOT want lunc to return to 10B. That alone is enough to understand their kike position.

>> No.51189825

Anon, for real, check Wrapped Terra on Coingecko - it's 300% up from yesterday, what's happening?

>> No.51189830

>>51189785
>Unfortunately for you the truth always reveals itself to noticers who have honed their craft over decades of experience. Be gone, faggot.

I don't get this conspiracy. There are no USTC holders secretly out to sabotage this project. But if USTC is abandoned, you really are just going to be a meme gimmick coin like Doge. The goal of the project should be the FULL revival of Lunc. The only way for Lunc to be revived is with USTC. No one can possibly disagree with that.

>> No.51189842

>>51189830
Kike, answer this >>51189824

>> No.51189851
File: 155 KB, 667x524, Phoenix.jpg [View same] [iqdb] [saucenao] [google]
51189851

>>51189830

>> No.51189865

Lol, this ustc fud is pathetic. Either lunc is revived or the ecosystem is done. It's really that simple.

>> No.51189878

>>51189830
Address this you fucking kike, >>51189824. So that we know your position.

>> No.51189892

NEW

>>51189882
>>51189882
>>51189882

>> No.51189895

>>51189824
This. Except now they’re trying to obfuscate it via an extremely convoluted process that most people won’t or can’t follow (because it makes no sense).

When Lunc burns down to a sensible amount then we can talk.

>> No.51189906
File: 124 KB, 1118x1280, F623EDBC-5C74-44D1-AFB5-AE08934CBB15.jpg [View same] [iqdb] [saucenao] [google]
51189906

>>51189892
AND NOW HE TRIES TO DERAIL THE CONVERSATION WITH A NEW THREAD BEFORE BUMP LIMIT.

FUCK YOU KIKE FAGGOT

>> No.51189912

>>51189892
no jews allowed
let's make it a comfy one, LunChads

>> No.51189992
File: 369 KB, 750x1056, F4E48732-F81F-4ED8-8AA4-58F2C4E764ED.jpg [View same] [iqdb] [saucenao] [google]
51189992

>>51189912
Thankfully the fud isn’t doing much apart from raising my blood pressure. I hate kikes so much bros.

>> No.51190010

Lets end this debate once and for all.
USTC = Gay
LUNC = CHAD

Choose wisely/thread

>> No.51190048

>>51189992
I'm so comfy I haven't even been looking at the charts. looks like we're due to go up again soon.
>182b volume just on kucoin alone
Wagmi

>> No.51190107

>>51186303
>this

>> No.51190161

>>51190107
look, niggers, lunchads move the thread 10 replies at a time, you're complaining literally about a five minutes time difference between making a new thread.

>> No.51190265

>>51189697
>23 posts by this ID
You deserve to be gassed

>> No.51190333

>>51189477
>>51189529
>>51189545
>>51189746
>Lot of holders
>Lot of holders
>We have
>Most holders
Really trying to drive home the idea of just:
>everyone
Having both. Like:
>Majority
Having both. Like:
>Everyone except you, therefor you should be
Having both.
You're a sneaky faggot.

>> No.51190334

>>51188304
Don’t forget our crispy nigger

>> No.51190418

>>51190333
Cheeky trips as we round out the thread. Kikes love making it seem like they are the majority and it’s actually YOU who are wrong and in the minority. Filthy fucking j*ws.

>> No.51190798
File: 356 KB, 1281x799, 1653826959181.jpg [View same] [iqdb] [saucenao] [google]
51190798

>>51189317
>Ultimately the focus in what I’m saying here is that eventually to get LUNC beyond $1 and to new all time highs
bruh, lets get LUNC to $1 first and then worry about the rest like its ath

>> No.51191040
File: 232 KB, 363x302, 1661148968809810.gif [View same] [iqdb] [saucenao] [google]
51191040

Where the fuck did LUNC come out of a sudden? Don't tell me it's the next LUNA.
I'll be waiting for all the wojak stories on YT.

>> No.51191369

>>51186264
Not the LUNC fags again, kek

>> No.51191530

>>51191040
Me too honestly I hold a bag but if we all get rugged I’d laugh like dang oh well. I ain’t gambling insane amounts but enough to hopefully set me up

>> No.51193290
File: 63 KB, 954x466, Screenshot 2022-08-31 at 15-53-50 Terra Classic price today LUNC to USD live marketcap and chart CoinMarketCap.png [View same] [iqdb] [saucenao] [google]
51193290

>>51191530
Godspeed. Someone could have made x6 with this crap at this point. But that's tard like gambling, I think at this point it's the classic green candle buying that will result in bag holding and memes. Wish I found it a week before (even if I wouldn't have believed it anyway)
picrel

>> No.51193347

>>51186264
Fresh bread plz

>> No.51193520

>>51193347
other bread is here
>>51189882