New Proposal by Do Kwon

https://agora.terra.money/t/terra-ecosystem-revival-plan/8701

So finally he broke the silence and he proposed in a forum discussion about his “recovery plan”.

I am already highly skeptical with the blockchain being salvageable, but looking at this proposal it is very underwhelming.

My opinions on this :

The proposal assumes that luna and UST still has value.

There doesn’t seem to be any actual fix to the protocol, this is basically just resetting the chain to a more convenient state.

No mention on how to fix UST. I mean he said to push the fix later, but the counter argument is that the dynamics UST with LUNA is what defines terra, without that terra is just a PoS like avax or Polygon.

Opinions?