Topic: Luna classic after the fork (Read 401 times)
The old luna aka (luna Classic) will be abandoned as time goes on, it's less useful now and there is no reason for big players to invest in the project, this coin crashed again yesterday and now trading for 0.00009$ this morning, this isn't a project you want to keep for long term , find another good project.
Seems like its all over. No future fore luna classic.
LUNA classic already dead since the new luna already airdroped to the whole of lunac holders. it's not only that. USTC was also dead caused by this token has no value anymore. The hype for the new luna is almost gone and everything related with luna already decreased a lot. The hype was not so big. In my opinion if people who are still actively trading luna were only interested with its volatility but they never have intention to use it as their investment. It's all over for this platform. Do kwon needs to take his responsibility in the court soon.
the UST probably already abandoned at this point, they just gonna create a new one instead and start all over again after all the algorithmic nature as you've seen is kinda bad and maybe they gonna switch into the conventional stablecoins.
maybe the team could just migrate over the UST into the new chain but i'm sure that the devs aren't gonna be fixing UST that at this point already having really low value into $1 again because that gonna takes tremendous amount of capital, instead maybe they just gonna let it be. so in short, UST is already in the brink of vanishing into thin air and become valueless.
maybe the team could just migrate over the UST into the new chain but i'm sure that the devs aren't gonna be fixing UST that at this point already having really low value into $1 again because that gonna takes tremendous amount of capital, instead maybe they just gonna let it be. so in short, UST is already in the brink of vanishing into thin air and become valueless.
Seems like its all over. No future fore luna classic.
Will luna classic and ust be connected in the same way after the fork? Is this possible a luna classic without ust ? Is fork can provide it ?
Why are you even interested in this? The fork was done to abandon the old chain so that also means no support whatsoever from the Terra core developers. Some validators and devs may want to rescue it but they will have a problem with funding to maintain and make the network secure. Leave it Yeah, I share the same thought, when the founder of Terra decided to fork the chain of the old Luna, it is an announcement that they plan to abandon the old network. It needs a lot of work to develop the market of the new Luna so they probably put all their resources to stabilize the new Luna market. I feel sorry for those old Luna holders, after they were milked of their money, they are mercilessly abandoned. So I think it is better to stay away from both Luna if you don't want your money to be pocketed by its developer.
Will luna classic and ust be connected in the same way after the fork? Is this possible a luna classic without ust ? Is fork can provide it ?
Why are you even interested in this? The fork was done to abandon the old chain so that also means no support whatsoever from the Terra core developers. Some validators and devs may want to rescue it but they will have a problem with funding to maintain and make the network secure. Leave it Yeah, I share the same thought, when the founder of Terra decided to fork the chain of the old Luna, it is an announcement that they plan to abandon the old network. It needs a lot of work to develop the market of the new Luna so they probably put all their resources to stabilize the new Luna market. I feel sorry for those old Luna holders, after they were milked of their money, they are mercilessly abandoned. So I think it is better to stay away from both Luna if you don't want your money to be pocketed by its developer.
Will luna classic and ust be connected in the same way after the fork? Is this possible a luna classic without ust ? Is fork can provide it ?
Why are you even interested in this? The fork was done to abandon the old chain so that also means no support whatsoever from the Terra core developers. Some validators and devs may want to rescue it but they will have a problem with funding to maintain and make the network secure. Leave it I think that this can possible work, yes, especially if the team would bring utmost to make it work. However, I would agree with everyone else that the community is no longer confident in trusting the team and risking their chances and faith with the coin. I think that no one will genuinely want to pursue it right now, the devastations are still fresh. And before starting proposals and such, I think that there should be also resolution to somehow make up for the impacts of the event to many investors.
Even their attempt of creating forked version of their disastrous LUNA could always means that they gonna start fresh while also don't wanna spend as much effort fixing their classic LUNA.I see this as massive disappointment since there are simply too many people are hoping that maybe LUNA and the team behind it eventually gonna recover but after that proposal I could guess that LUNA classic is gonna be abandoned for real.
for the simple fact that they gonna be too busy with the forked LUNA.
Will luna classic and ust be connected in the same way after the fork? Is this possible a luna classic without ust ? Is fork can provide it ?
Why are you even interested in this? The fork was done to abandon the old chain so that also means no support whatsoever from the Terra core developers. Some validators and devs may want to rescue it but they will have a problem with funding to maintain and make the network secure. Leave it I think that this can possible work, yes, especially if the team would bring utmost to make it work. However, I would agree with everyone else that the community is no longer confident in trusting the team and risking their chances and faith with the coin. I think that no one will genuinely want to pursue it right now, the devastations are still fresh. And before starting proposals and such, I think that there should be also resolution to somehow make up for the impacts of the event to many investors.
Credibility is very important when it comes to any project in which you are asking other people to support it with a massive amount of money, Do Kwon really seems to believe that he can talk his way out of anything and he thinks he can make everyone forget about his huge failure with just a few words.But people are nowhere near as dumb as he thinks they are, those that lost a fortune with luna should instead concentrate on taking legal action against Do Kwon and try to recover whatever they can from this debacle instead of supporting yet another scam.
this is my take here. do kwon is just saying bs things just to get out of this chaotic situation. i don't think he can get the trust of his investors again. but the problem of suing do kwon is it would take resources also from the individuals who pursue this action, and are they ready to face that they may possibly lose as luna team can find a loophole to get out of this terrible situation? this is the problem of chasing a crypto project. the chance of losing is high because the team knows how to defend themselves because they know their code.
Quite honestly I would like all of this issue with luna to go away already, but taking into account everything I know about it I think this is something that will haunt this market for a very long time before it disappears.
This has been done by many developers, when there is a significant drop price issue, the first step is usually to make a new contract with the hope that investors will see this as a solution, but the thing needed is the price recovery immediately because if it is too long waiting, it will be ascertained to be abandoned .
New contracts will also take longer for the developer to find investors because basically it is needed to be seen by new investors as long as development continues which means the developer will have to start from scratch again. 
The problems experienced by the luna team at this time are very large even though they want to renew some problems but investor confidence has been reduced, but still have the possibility that luna prices can increase again even though all takes a long time, and they must be able to withdraw the confidence of investors so that everything can run as expected, and most importantly they do not make mistakes again, so we just wait for the development of LUNA in the future.
With consideration of what you just have stated here, it would be more less consuming in both of resources and emotional strength to these individuals if there will be somehow negotiation with the team rather than suing, but not to trust them again entirely. That said, I am pointing that if the team wants to lift their name, they should also provide resolution on how to deal with those who were affected with such events, along with their new proposals.
This has been done by many developers, when there is a significant drop price issue, the first step is usually to make a new contract with the hope that investors will see this as a solution, but the thing needed is the price recovery immediately because if it is too long waiting, it will be ascertained to be abandoned .
this is my take here. do kwon is just saying bs things just to get out of this chaotic situation. i don't think he can get the trust of his investors again. but the problem of suing do kwon is it would take resources also from the individuals who pursue this action, and are they ready to face that they may possibly lose as luna team can find a loophole to get out of this terrible situation? this is the problem of chasing a crypto project. the chance of losing is high because the team knows how to defend themselves because they know their code.
Only investors who have their money in UST or LUNA will have to unintentionally trust Do Kwon. They think they should continue their trust on Do Kwon leadership in order to have some recover for their loss.For outsiders, it is hard to convince them to trust Do Kwon and his leadership after his terrible crisis management. They can create pump games and investors will have lost their capital in future. To trust, for me, it is impossible.
That is disappointing because for now the investors can't trust any plans as the recovery seems impossible and Hard Fork is not a solution to the problem they need to start a new chain that may work still i am sure they won't make it possible because they lost the community trust now they can attract the small investors but not the Ventures Capitalists.
I believe that luna classic and ust will remain connected in some way and luna 2.0 will be independent but in my opinion it will never have the trust of any investors in the future
You're right but this thing will be dividing the community. You must know that how bitcoin fork was creating so many chaos in the past like there will be a supporters that only in the one side. Bitcoin has its supporters but some supporters from bitcoin have been jumping to be the supporters of altcoins. This proves that if the fork coin will give a very bad impact to the community as well as it can make the community to be divided into the two sides. Sometimes if both are having their own agenda. it can make contradiction between the community that was supporting the real and fork token.
There are so many threads and discussions about Luna now it seems there are many late investors now, buying at the time of the crash hoping that the relaunch will do wonder and get back its status, it's okay if they are forking a coin that is doing good in the market but not a coin that just comes out of a crash and causes huge disruption in the market.
I don't know why there will be huge support coming from a fork it is the same people and CEO that do not know how to act right in times of crisis.
I believe that luna classic and ust will remain connected in some way and luna 2.0 will be independent but in my opinion it will never have the trust of any investors in the future
You're right but this thing will be dividing the community. You must know that how bitcoin fork was creating so many chaos in the past like there will be a supporters that only in the one side. Bitcoin has its supporters but some supporters from bitcoin have been jumping to be the supporters of altcoins. This proves that if the fork coin will give a very bad impact to the community as well as it can make the community to be divided into the two sides. Sometimes if both are having their own agenda. it can make contradiction between the community that was supporting the real and fork token.
I think that this can possible work, yes, especially if the team would bring utmost to make it work. However, I would agree with everyone else that the community is no longer confident in trusting the team and risking their chances and faith with the coin. I think that no one will genuinely want to pursue it right now, the devastations are still fresh. And before starting proposals and such, I think that there should be also resolution to somehow make up for the impacts of the event to many investors.
Credibility is very important when it comes to any project in which you are asking other people to support it with a massive amount of money, Do Kwon really seems to believe that he can talk his way out of anything and he thinks he can make everyone forget about his huge failure with just a few words.But people are nowhere near as dumb as he thinks they are, those that lost a fortune with luna should instead concentrate on taking legal action against Do Kwon and try to recover whatever they can from this debacle instead of supporting yet another scam.
this is my take here. do kwon is just saying bs things just to get out of this chaotic situation. i don't think he can get the trust of his investors again. but the problem of suing do kwon is it would take resources also from the individuals who pursue this action, and are they ready to face that they may possibly lose as luna team can find a loophole to get out of this terrible situation? this is the problem of chasing a crypto project. the chance of losing is high because the team knows how to defend themselves because they know their code.
I think that this can possible work, yes, especially if the team would bring utmost to make it work. However, I would agree with everyone else that the community is no longer confident in trusting the team and risking their chances and faith with the coin. I think that no one will genuinely want to pursue it right now, the devastations are still fresh. And before starting proposals and such, I think that there should be also resolution to somehow make up for the impacts of the event to many investors.
Credibility is very important when it comes to any project in which you are asking other people to support it with a massive amount of money, Do Kwon really seems to believe that he can talk his way out of anything and he thinks he can make everyone forget about his huge failure with just a few words.But people are nowhere near as dumb as he thinks they are, those that lost a fortune with luna should instead concentrate on taking legal action against Do Kwon and try to recover whatever they can from this debacle instead of supporting yet another scam.
Jump to: