Topic: Luna classic after the fork - page 2. (Read 401 times)
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
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 ?
I think UST and LUNA are no longer connected, this was proven when a tweet from the LUNA terra team said that if the distribution of LUNA was stopped, it meant that the entire UST LUNA ecosystem had ended. Speaking of forks, I don't think LUNA v2 will have anything to do with LUNA classic anymore, they will leave the old LUNA as soon as possible.there will be two chains in the future
Terra Classic should have UST as it was before, but one can hardly expect for peg to be re-instated after this crash
Terra blockchain would operate without UST, since they think that UST peg caused all the damaged that Luna experienced
not sure what to think, TBH
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 ?
Quote
Create a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-amended/18498It was evident from the main proposal itself that the UST will be abandoned if the new token is live. For Luna Classic and UST, I think they'll still be connected somehow but I don't think that both of these two will ever thrive if the new LUNA is out there. I think Do Kwon is gonna be sued big time if this proposal doesn't live up to the people.
If you are interested in a product from the same project, then you may experience the same thing. It is possible that this will happen, whether it is an accident or the problem in the future. The risk is greater in his project, it's all up to you, but I suggest if you are interested in it, monitor it 2 or 3 months before making a buy action.
What is the breaking point 😄 ust>luna classic or the opposit ? 😄
If you are interested in a product from the same project, then you may experience the same thing. It is possible that this will happen, whether it is an accident or the problem in the future. The risk is greater in his project, it's all up to you, but I suggest if you are interested in it, monitor it 2 or 3 months before making a buy action.
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 ?
I think UST and LUNA are no longer connected, this was proven when a tweet from the LUNA terra team said that if the distribution of LUNA was stopped, it meant that the entire UST LUNA ecosystem had ended. Speaking of forks, I don't think LUNA v2 will have anything to do with LUNA classic anymore, they will leave the old LUNA as soon as possible.Yes indeed. Luna v2 completely different and without ust. But im interested with luna classic now. Im curious about Is there any possibility luna classic can be departed from usd ? Like meme coins Shiba doge etc. it can be resuced supply with burn, tax from transactions like these things over the years maybe (can it be possible ?) and of course without ust
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 ?
I think UST and LUNA are no longer connected, this was proven when a tweet from the LUNA terra team said that if the distribution of LUNA was stopped, it meant that the entire UST LUNA ecosystem had ended. Speaking of forks, I don't think LUNA v2 will have anything to do with LUNA classic anymore, they will leave the old LUNA as soon as possible. 
Actually, everything can be done but to convince investors when it is very difficult and they already feel traumatized by the events they have felt at this time, and currently the team is trying to make a full recovery and support from investors will certainly be a very big attraction, after the fork there may be a big change that will occur and many investors do not want it to happen because the loss will definitely be felt. Later.
Yes. But I doubt it will work out fine just because they are aiming for a fork and being a new coin. If you are thinking about buying it then I suggest you wait. It's not that I am not giving them a chance but once trust is broken then it will not be easy to invite new investors.
Perhaps, creating a fresh start will be better. Take out the Luna name and make something new. Although they worked hard for that name to be known the stain will not be gone for a year or more. The internet will not erase that kind of bad history.
Perhaps, creating a fresh start will be better. Take out the Luna name and make something new. Although they worked hard for that name to be known the stain will not be gone for a year or more. The internet will not erase that kind of bad history.
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.
Based on that proposal the old chain of Luna will be called a Luna Classic and if the Do Kwon plan will work both Luna Classic with UST and the Luna 2.0 chain will coexist, presumably, there will be no more UST with the new Luna chain 2.0 after the fork and so IMO, Luna 2.0 will have only one token in existence nothing more nothing less. But still, I believe Luna Classic and UST will remain connected because they both existed in the old chain.
It seems Do Kwon is in super hurry with the hardfork. He tries to convince communities and big validators to vote Yes for the hardfork and make it through the threshold.He does not want to stay with current LUNA and spend time, money to fix issues from UST and LUNA crash. He does not want to spend part of income from the blockchain and platform operations for buy back and burn to fix issues.
What does he care about? His own money and his legal issues with UST crash. He does not care about LUNA investors. Hardfork and will distribute airdrop in 2 to 4 years. What a terrible offer!
Seems like the old chain (Luna Classic) gonna be abbandoned right ?
It's not but that depends on the users whether they wanna try to use old or new luna. As far as i know based on the result from votes in the twitter if mostly of current luna users didn't interested to migrate into the new luna and they are still interesting to use the old luna. it's caused by people have no intention to move into the new blockchain of luna. They wanna try to use the old luna. people are in demand for burn but not fork.
Do kwon was arrogant and manipulating everything.
Trust is the most valuable resource, and it is unfortunately lost.I don't think the fork will fix the situation that it is now.Of course, the new project will have fans, but obviously you should not wait for the past hype.
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 ?
Based on that proposal the old chain of Luna will be called a Luna Classic and if the Do Kwon plan will work both Luna Classic with UST and the Luna 2.0 chain will coexist, presumably, there will be no more UST with the new Luna chain 2.0 after the fork and so IMO, Luna 2.0 will have only one token in existence nothing more nothing less. But still, I believe Luna Classic and UST will remain connected because they both existed in the old chain.
Seems like the old chain (Luna Classic) gonna be abbandoned right ?
I really doubtful that UST gonna exists after fork taking place other than it becoming the new shitcoin, after all UST needs trust from the community and it has lost plenty of that.
the market of cryptocurrencies isn't also lacking any similar coin, instead there are so many that we might get confused choosing ones.
even the well being of LUNA v2 itself is still unclear, so I doubt that they gonna take care of UST
the market of cryptocurrencies isn't also lacking any similar coin, instead there are so many that we might get confused choosing ones.
even the well being of LUNA v2 itself is still unclear, so I doubt that they gonna take care of UST
According to Proposition No. 1623[1], all the currencies that existed before this chaos will bear Luna classic name, including UST algorithm, and that a new currency will be created away from UST called LUNA. In short, they are trying to save LUNA project and make UST die.
In general, they think that the reason for the failure is that there is something defective in UST structure, but the entire project has lost trust, so their attempt to fix things came late if they were not part of this scam.
[1] https://station.terra.money/proposal/1623
In general, they think that the reason for the failure is that there is something defective in UST structure, but the entire project has lost trust, so their attempt to fix things came late if they were not part of this scam.
[1] https://station.terra.money/proposal/1623
I think Luna Classic will become useless for now. As we all know LUNA is connected always in UST before.
I think the Luna Classic will be forgotten and abandoned and the new LUNA will be the new one and main focus, they will fix all the problems that happened on the old LUNA and improve it.
That's why many traders will consider buying old Luna coins at this time because after the snapshot is complete everyone will throw away the Luna coins at the lowest price. So I will either wait for new coins to be released or take short term profit from fomo news before the snapshot. I think the Luna Classic will be forgotten and abandoned and the new LUNA will be the new one and main focus, they will fix all the problems that happened on the old LUNA and improve it.
Whatever you do, the investors from $90 will never get their moneys back as they mostly lose it all. Even if they create another LUNA fork or another LUNA and goes 1 is to 1 ratio and reach $1 only people who bought at lower than $1 will benefit from it not the investors who bought from $1 and above, especially from around $90-$80.
ya.ya.yo!
ya.ya.yo!
We must try to take a look at some fork coins and what happened with it before. So many votes have been done by various parties and it seems the holders are still wanna using the old luna instead of the new luna. Im sure that holders will never stop to use the old luna. The price of new luna will be even deeper than old luna before the attack. We have so many fork coins in the market and the history of these fork coins can be tracked easily especially for the price performance.
Fork is always leading to the worst thing like dumped at the bottom or it will be leaving by the community and none used it anymore
Fork is always leading to the worst thing like dumped at the bottom or it will be leaving by the community and none used it anymore
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