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Topic: Luna classic after the fork (Read 348 times)

jr. member
Activity: 45
Merit: 1
June 02, 2022, 02:10:08 AM
#51
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.
hero member
Activity: 2268
Merit: 507
June 02, 2022, 01:53:42 AM
#50
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.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
June 01, 2022, 05:37:22 PM
#49
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.
newbie
Activity: 7
Merit: 1
June 01, 2022, 05:20:44 PM
#48
Seems like its all over. No future fore luna classic.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 28, 2022, 11:01:01 PM
#47
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.
It is awful but it is something we knew it was coming, as soon as the coin presented problems the CEO of Luna wanted to fork the coin almost immediately, I just hope that people can see behind all of this and understand that Luna is basically dead and that no one that has any kind of common sense is going to want to be part of the Luna ecosystem anymore, so this coin has only one possible destiny and that is to eventually disappear.
legendary
Activity: 2884
Merit: 1258
Hire Bitcointalk Camp. Manager @ r7promotions.com
May 26, 2022, 07:44:32 PM
#46
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.
legendary
Activity: 3122
Merit: 1140
May 26, 2022, 07:38:10 PM
#45
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
They would really be jumping into that forked coin and wouldn't tend to enhance or do something with core Luna but instead they would go into that forked ones yet they do know that it could still possibly able to hook up investors specially to those who could really take risk in supporting Luna terra despite of the situation that it's into but majority will be keeping eye on that new one but expect that trust would be the main issue on here where people won't b fooled second time around.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
May 26, 2022, 07:26:25 PM
#44
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.
sr. member
Activity: 1554
Merit: 413
May 26, 2022, 06:59:44 PM
#43
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
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
May 26, 2022, 04:24:10 PM
#42
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.
You have a point, however it is the only option they have left, also I think costs could be reduced if instead of every single person suing on their own they did it as a group, also it could not surprise me if many top lawyers were interested in taking this case even without receiving a direct payment and instead they charged a percentage of whatever they got from Kwon in the case their claim was successful.

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.
sr. member
Activity: 344
Merit: 250
May 21, 2022, 09:08:59 AM
#41
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.
sr. member
Activity: 1582
Merit: 279
May 21, 2022, 08:39:06 AM
#40
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.
sr. member
Activity: 1162
Merit: 258
1xbit.com
May 21, 2022, 07:58:00 AM
#39

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.
sr. member
Activity: 1484
Merit: 254
May 21, 2022, 03:45:18 AM
#38
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 .
hero member
Activity: 2366
Merit: 838
DGbet.fun - Crypto Sportsbook
May 20, 2022, 10:41:48 PM
#37
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.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
May 20, 2022, 10:38:41 PM
#36
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.
hero member
Activity: 2940
Merit: 593
Leading Crypto Sports Betting & Casino Platform
May 20, 2022, 07:55:53 PM
#35
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.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
May 20, 2022, 07:21:48 PM
#34
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.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
May 20, 2022, 05:42:42 PM
#33
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.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
May 20, 2022, 05:03:14 PM
#32
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.
member
Activity: 759
Merit: 15
May 20, 2022, 04:12:43 PM
#31
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
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
May 20, 2022, 03:19:00 PM
#30
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
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
May 20, 2022, 03:18:56 PM
#29
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/18498

It 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.
newbie
Activity: 7
Merit: 1
May 20, 2022, 03:17:40 PM
#28
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 ? 😄
hero member
Activity: 2156
Merit: 531
May 20, 2022, 02:59:21 PM
#27
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.
newbie
Activity: 7
Merit: 1
May 20, 2022, 01:33:03 PM
#26
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
full member
Activity: 649
Merit: 100
Binance #SWGT and CERTIK Audited
May 20, 2022, 09:26:04 AM
#25
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.
sr. member
Activity: 1701
Merit: 308
May 20, 2022, 09:23:31 AM
#24
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.
hero member
Activity: 2912
Merit: 642
May 20, 2022, 09:06:56 AM
#23
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.
sr. member
Activity: 1162
Merit: 258
1xbit.com
May 20, 2022, 09:06:01 AM
#22
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.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
May 20, 2022, 08:41:22 AM
#21
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!
hero member
Activity: 2268
Merit: 507
May 20, 2022, 08:31:47 AM
#20
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.
hero member
Activity: 2632
Merit: 649
DGbet.fun - Crypto Sportsbook
May 20, 2022, 07:58:35 AM
#19
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.
full member
Activity: 1820
Merit: 107
May 20, 2022, 07:26:25 AM
#18
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.     
newbie
Activity: 7
Merit: 1
May 20, 2022, 05:24:48 AM
#17
Seems like the old chain (Luna Classic) gonna be abbandoned right ?
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
May 20, 2022, 05:18:53 AM
#16
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
legendary
Activity: 2506
Merit: 3645
May 20, 2022, 04:37:07 AM
#15
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
sr. member
Activity: 446
Merit: 250
May 20, 2022, 04:26:14 AM
#14
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.
legendary
Activity: 1806
Merit: 1024
May 20, 2022, 03:50:08 AM
#13
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!
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
May 20, 2022, 03:28:25 AM
#12
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
hero member
Activity: 2366
Merit: 838
DGbet.fun - Crypto Sportsbook
May 19, 2022, 11:02:35 PM
#11
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.
Will LUNA (new LUNA) be related to UST?

As Do Kwon and Terra team announced, they won't bind new LUNA with UST. I think both LUNA and LUNA Classic will not relate to UST but because the core team move to new LUNA, the future of LUNA Classic is very gloomy.

It will be like Ethereum Classic that does not have too good development many years since the hardfork after Ethereum DAO Hack.

Even Do Kwon and Terra did not mention about UST, do you think they try to rebuild a new LUNA and pump it to cover their loss in UST and compensate their investors.
legendary
Activity: 2338
Merit: 1354
May 19, 2022, 10:46:02 PM
#10
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.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
May 19, 2022, 10:44:24 PM
#9
From what I read when Luna classic is launched it will be without UST for obvious reasons. Now whether you should buy this or not is up to you.

Most likely it won’t be a top 10 coin anytime soon. Especially after all that happened. However many in a few years it might gain traction again. So might be a low risk high reward situation. Personally I would just stay away from it.
sr. member
Activity: 700
Merit: 250
Vave.com - Crypto Casino
May 19, 2022, 10:34:48 PM
#8
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 ?

Most provably it is since there are so many institutions backing its revival so a chance for them to bounce back again is huge, but also yoy should remember that price recovery takes time and you may experience pump and dp from its existing investor since many are afraid for something bad that might happen again to them. For now lets wait for the further updates about their future plans towards their coin.

Even though there are still many who support them to get up like the beginning again, but this still requires the process again because everything started from zero again and everyone is still very excited to return to give their trust to Luna, so it's not surprising if everyone still lets Luna run like that .
Yeap, u are right, a lot of people support Terra Luna, and me like smb of them believe in industry crypto, but now im more carefully about luna.
I maked one rule for me, if something brings you down once, u should stay more critical and cautious, and its rule X2 when its fork on any crashed coins, also we know ETC and ETH, it was the same fork, but i we look now to eth, we can see that he make rebirthed with new life and feels good now Roll Eyes
The luna backers are the people who lost money with luna, they are hoping for luna to come back so they can get some money back. Although luna's proposal for a new fork did not receive much support from the community, Do kwon persisted in implementing it. I think people should stop hoping and believe in do kwon.
full member
Activity: 516
Merit: 105
May 19, 2022, 10:01:44 PM
#7
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 ?

Most provably it is since there are so many institutions backing its revival so a chance for them to bounce back again is huge, but also yoy should remember that price recovery takes time and you may experience pump and dp from its existing investor since many are afraid for something bad that might happen again to them. For now lets wait for the further updates about their future plans towards their coin.

Even though there are still many who support them to get up like the beginning again, but this still requires the process again because everything started from zero again and everyone is still very excited to return to give their trust to Luna, so it's not surprising if everyone still lets Luna run like that .
Yeap, u are right, a lot of people support Terra Luna, and me like smb of them believe in industry crypto, but now im more carefully about luna.
I maked one rule for me, if something brings you down once, u should stay more critical and cautious, and its rule X2 when its fork on any crashed coins, also we know ETC and ETH, it was the same fork, but i we look now to eth, we can see that he make rebirthed with new life and feels good now Roll Eyes
full member
Activity: 259
Merit: 100
May 19, 2022, 09:24:15 PM
#6
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 ?

Most provably it is since there are so many institutions backing its revival so a chance for them to bounce back again is huge, but also yoy should remember that price recovery takes time and you may experience pump and dp from its existing investor since many are afraid for something bad that might happen again to them. For now lets wait for the further updates about their future plans towards their coin.

Even though there are still many who support them to get up like the beginning again, but this still requires the process again because everything started from zero again and everyone is still very excited to return to give their trust to Luna, so it's not surprising if everyone still lets Luna run like that .
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 19, 2022, 09:11:27 PM
#5
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 ?
Do you think it will matter at all? Despite all the software development and the hardware behind this market at the end everything comes down to trust, once a form of money does not have the trust of the community then it does not matter what kind of promises the developers may try to make they will never recover that trust and their project will collapse sooner or later, by the way this is something that also happens to fiat currencies and we have seen a great deal of them collapse through history as well.
legendary
Activity: 2758
Merit: 1228
May 19, 2022, 07:54:05 PM
#4
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 ?

Most provably it is since there are so many institutions backing its revival so a chance for them to bounce back again is huge, but also yoy should remember that price recovery takes time and you may experience pump and dp from its existing investor since many are afraid for something bad that might happen again to them. For now lets wait for the further updates about their future plans towards their coin.
hero member
Activity: 2954
Merit: 683
May 19, 2022, 07:45:36 PM
#3
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 ?
It's possible but again the trust has been gone and people didn't wanna the fork to happen, luna developers are forcing its holders to did the fork and the community didn't even have intention to forking into the another new blockchain. The result will be the same like the current luna. People are loosing their hope and so many legal actions will be facing kwon for his arrogant behavior and mistake. This will become the end for luna.
You must also see even with the fork announcement and it means if the traffic for people to buy the token must increase but nothing happen with luna.
Once trust is lost then community wont really be turning back or trust up no matter how Luna team will really be trying to cope up everything via means with those fork or  something in related with Luna specially to those

who had lost up huge money specially to those who had bought on the peak.Well, its a very common story or scenario for project to have those depreciation or dump in price but not as bad as on LUNA which it dropped 100% which is considered devasting.

Now the team is trying out to have some recovery plan? Trust isnt something that you could really able to assemble easily or take it back.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
May 19, 2022, 07:36:27 PM
#2
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 ?
It's possible but again the trust has been gone and people didn't wanna the fork to happen, luna developers are forcing its holders to did the fork and the community didn't even have intention to forking into the another new blockchain. The result will be the same like the current luna. People are loosing their hope and so many legal actions will be facing kwon for his arrogant behavior and mistake. This will become the end for luna.
You must also see even with the fork announcement and it means if the traffic for people to buy the token must increase but nothing happen with luna.
newbie
Activity: 7
Merit: 1
May 19, 2022, 06:02:14 PM
#1
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 ?
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