I'm sad that I had just read this when I bought Luna off someone in the exchange. It just lost another 27% of its value, and I think the CEO is not planning to make amends by making the initial holders of the coin return their investments. They are just going to be moved and replaced by another currency. Lol. I hope they make it to a point where they will return or somehow incentivize those who have lost a lot.
Same with me I hold some luna in my wallet and since I read this thread some hours ago I have not been myself, the owner is not taking the right step to amend things and this could worsen the situation investor will be in a big loss. 
Topic: Luna CEO Taking Lone walk To Luna 2.0 - page 3. (Read 440 times)
I'm sad that I had just read this when I bought Luna off someone in the exchange. It just lost another 27% of its value, and I think the CEO is not planning to make amends by making the initial holders of the coin return their investments. They are just going to be moved and replaced by another currency. Lol. I hope they make it to a point where they will return or somehow incentivize those who have lost a lot.
This proposal is still having a lot of questions whether the fork token will have the same value like the old token or not. So many fork tokens are worth nothing right now and i think this is enough to be a proof to make sure this proposal is not so effective to recover the lose. The investors are not only the one who have been loosing a lot but the company as well. Im feeling doubt if a miracle can come to this company. It's sad but people must accept their lose and they will never see their money again in the future
This coin is full of drama. Lots of ppl are againts the proposal. And the team itself tried if not their best to save ust and also luna, maybe, but still not showing any light of day.
I can't wait to see where this is all going, will it be going in a good direction or the opposite. Not forgetting that Luna and ust already lost its trust from its communities.
I can't wait to see where this is all going, will it be going in a good direction or the opposite. Not forgetting that Luna and ust already lost its trust from its communities.
So many people already disagreed with the proposal that already introduced by do kwon to forking the terra luna blockchain. I know that this is the only choice as terra foundation has no money to buy back and burn the tokens from the market. It's also very stupid decision. People will not believe with this blockchain again and im sure that others may be agreed with me about this. I strongly disagreed with this proposal even when whole of holders got pro rata airdrop from fork of luna
This is why the old crypto projects like Bitcoin will always rule. The stupid LUNA CEO doesn't even want to know what the community thinks about forking the coin. What is the point of "decentralization" then if the decisions are going to be made only by the money grabbing CEO.
Only clueless fools would trust his new LUNA 2.0 let alone continue to follow the LUNA 1.0
Only clueless fools would trust his new LUNA 2.0 let alone continue to follow the LUNA 1.0
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Yeah and this is the first proposal that already proposed in the agora forum by him. The problem is if LFG has no money left on their wallets. It's so hard to see that if LFG has been dumping 80k bitcoin for nothing right now. That's only still 313 bitcoin remaining on LFG wallet. This company is so stupid. They are only burning their money for nothing. So the new only choice to create the new token and then spread it to old of wallets that hodl UST and luna. So far only small amounts of money remaining on the LFG to be distributed again.
I don't know what Do Kwon intentions are, and even if he wants to fix his mistakes, I will definitely avoid all his projects. I am convinced that a large majority of investors will do this same.
If he wanted to fix the errors that were in the LUNA algorithm, he should do it much earlier.
Unfortunately, but after such a huge catastrophe associated with a whole series of mistakes he made, he will never be able to regain confidence in the cryptocurrency market. In my opinion, he should just change the industry.
If he wanted to fix the errors that were in the LUNA algorithm, he should do it much earlier.
Unfortunately, but after such a huge catastrophe associated with a whole series of mistakes he made, he will never be able to regain confidence in the cryptocurrency market. In my opinion, he should just change the industry.
Bad news if try upgrade Luna coin on new version as V2 because have bad impact with Kuna old coin holder. I think never waste your time with Luna coin and better leaving dev of this coin because he most scammer developer, How come with coin have good reputation drop drastically and become shit coin? Did you still believing with dev have make many investor losing their money?
As CZ stated, the forking of the Terra Luna isn't the right answer for the existing problem. It will only deepen the hate of the people and think of the move as another money grab. I wouldn't buy and stay away from this new fork. This shows how very dull Kwon is towards Luna's investors and supporters.
Such a big move by the coun owner to do I different direction from the suggestions of the public for the sake of sanity let the project do whatever it can get back investors who lost so much already.
I have doubts on the sincerity of their CEO. Maybe, as of now, he is just saying this revival plan just to save face. But can he really gain the trust again from his holders and investors? Okay, let us give him the benefit of the doubt. But as early as now, if you want to stake your funds on them, better buy bitcoin instead of their forked Luna 2.0. And without his team, I don't think he can carry the burden of his targets here.
Such a big move by the coun owner to do I different direction from the suggestions of the public for the sake of sanity let the project do whatever it can get back investors who lost so much already.
The LUNAtic community have been thrown into distress in the late hours of Monday when the CEO of the stable coin DO KWONthat faced the biggest attack in cryptocurrency history in the last week when Luna market price crashed below the trench hold resulting in heavy losses to the stable coin holders, the community hope was beginning to see some light when some top cryptocurrency investors and experts e.g CZ CEO binance and the rest made suggestion of a burn and by a back mechanism in other for luna to make a bounce back. But the LUNA community was disappointed this evening when the CEO announced that the coin will change the chain and forking of the coin many see this as a waste of developers' funds and also minting new coin that will result in a loss of the value of Luna.
Luna 2.0 version will this succeed or it will further destroy the stable coin value I do not think what the CEO (DO KWON) is prescribing will give a lasting solution to the LUNA network.
Source:
https://cryptonews.net/6644139/?utm_source=CryptoNews&utm_medium=app&utm_campaign
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