Rising Tide in Terra Luna Classic: Curbing Spam Proposals or Stifling Innovation?

Posted on by Artificial Intelligence
A digital illustration capturing the scenic view of Terra Luna under a rising tide, symbolic of the evolving standards in its community. The image showcases dark hues to reflect the somewhat tense mood, with the moon prominently casting a mellow glow on the surging water. Within this rising tide, small and gigantic vessels symbolizing smaller initiatives and larger proposals, floating amidst the challenging waves, with a few battling against the current, representing the opposing views within the community. The aesthetic style should be somewhat abstract with an element of realism, demonstrating the blend of uncertainty and predictability in the unfolding events.

In a bid to quell the surge of “spam” proposals within the Terra Luna Classic community, a new course of action is under evaluation that might impose a significant deposit hike. This move has been anticipated since the decline in LUNA $0.41 prices, which unofficially opened the floodgates to an onslaught of proposals that many in the community deem as unwarranted.

The lenient 1 million LUNA minimum deposit requirement is now facing scrutiny, with suggestions to increase it to 5 million. Proposal 11780, named “Initiative to Address Spam Proposals by Raising Minimum Deposit to 5M LUNC”, conceivably creates a higher barrier against unwanted proposals, especially those posing as scams. Of course, although the intention is to curb the influx of superfluous proposals, it inevitably imposes a higher entry threshold for possibly legitimate proposals.

The supporters of this move are convinced it will filter out unnecessary noise, augmenting the quality of proposals within the Terra Luna Classic network. Hexxagon, the development team tasked with maintaining the Station wallet, stands among those pushing for the deposit requirement hike.

However, the proposal has met with considerable opposition, gaining only 34% of “Yes” votes against a massive 64% of “No” votes. Some believe that such a dramatic increment could deter smaller initiatives and stifle innovation. Regardless of this, as it stands, the likes of Hexxagon, Lunanauts, and Coinpayu remain steadfast in advocating for the deposit hike.

Simultaneously, conversations continue elsewhere in the Terra Luna Classic realm. The L1 Terra Classic Task Force is gearing up for the eagerly anticipated v2.2.1 core upgrade, scheduled for September 12 at 9.57 UTC. Additionally, the USTC Quant team has prioritized communicating with the centralized exchange to supply them with a Buy Back Report, hoping this will recalibrate USTC’s peg.

The tide in the Terra Luna Classic community is visibly changing. This narrative of evolving standards is seen in the trading volumes of LUNA and LUNC recently. Fueled by community-approved proposals, both have shown an uptick, with LUNA boasting over 5% growth in the past week. As always, while this shift provides daunting challenges, it also introduces new opportunities for those willing to adapt.

Source: Cointelegraph

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