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Agree. Marking the airdrop at time of depeg is a handout to insiders and "professional" funds who will be forced to immediately dump because they're under water and have redemptions they can't service. Focus the benefit on retail and those who will be long-term holders.

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Galois Capital

@Galois_Capital

· May 13

Chancellor on the brink of second bailout for insiders. agora.terra.money/t/terra-ecosys

10:38 PM · May 13, 2022Twitter Web App

DigiBuild CEO | Backed by YCombinator

@RobertJSalvador

May 13

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@jespow

Do Kwan has failed managing this situation in every way, including your comments above. Leadership matters even if the face of technical black swans.

DigiBuild CEO | Backed by YCombinator

@RobertJSalvador

May 13

*that’s not to say I don’t feel for him and wish him the best as a person.

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ALT

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Exactly! This plan just screws over everyone who lost all their money dca'ing, coming to theirnm rescue, or looking for a good entry, not understanding the insane tokenomics. The distribution should be fair for everyone.

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How would you do it exactly? Who would you airdrop to and how?

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before depeg - insiders, after - speculators. you can't win this

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and

Buy back luna from the market and burn it

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and

We can feast on the corpse of this project the meat is not all rotten yet.

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Interestingly, the algorithm doesn't care if billions of Luna's are waiting at any limit, but if I throw $50 into the game, it goes in the opposite direction each time and my portfolio shrinks....this universe is rigged 🤣🤦

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My take is that this looks very rushed. Why rush a critical plan? Why not spend a few weeks to draft a concrete plan? My guess is that TFL is financially in deep trouble. Also trying best to mitigate risk of potential lawsuits. Selfish?

Min, we got bigger fish to fry. $icx needs to be the go to defacto interpretability king. Lets focus on that and less on Terra

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