New LUNA vs. Classic LUNA - page 2. | Bitcointalksearch.org

d3nz

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Quote from: tbct_mt2 on May 19, 2022, 05:27:02 AM

People can think two tokens will be similar to Ethereum and Ethereum Classic but the future of LUNA Classic is unclear. It won't die but how it will be developed if the core Terra team leave and move to LUNA (a new one). I think the community will figure out way to do it but it won't be easy and take many time.

That's the question, and what will happen to Luna classic if still has a purpose or is just a token for pump and dump trade. They might have a plan for Luna classic in the future but since they are focusing on the new version and also gaining the trust of investors since a lot of people have been affected a lost their life savings.

And, since the portion of the token distribution will not benefit the people after the attack and we don't what will gonna happen to the value of the Luna classic after they have released the new fork.

Sayeds56

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Quote from: sunsilk on May 18, 2022, 07:24:50 AM

Cz said this won't do and help. And this new token means that new money will have to come in for those victims of the crash.

What a contingency plan from Do Kwon. He should just have retained the old one and focused on it. This forking is just another assurance that him and his team could make more money and at the same time, everyone is going to rush just for the sake of dumping it.

There is no longer trust and confidence in the Terra foundation.

I fully agree with what CZ said, the best solution would have been to continue with old Luna and put in place some kind of burning mechanism to reduce huge supply of Luna which is more than 6.5 Trillion now. Luna still has huge community all over the world which is its major strength if they handle current crisis prudently they can still come out of current crisis of confidence.

ololajulo

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Quote from: yazher on May 17, 2022, 10:39:05 PM

If I were you guys I will stay away from this hopeless project that is already doomed because of their nonsense development that has nothing to do with their roadmap. Sudden adjustment like this won't work and always there some people who suffer from this failure. They better not tolerate such acts because they just giving their investors some false hope which doesn't really make sense when they failed this new proposal once again.

To make any decision with a crashed project you consider the team's attitude to the crash and the response of the whales to keep holding. Whales have all moved and the developers name is getting worse in the media. Forget all the fundamentals to get it back, the chances are small like you said. selling off 80k bitcoin has a strong effect on the whole market.

Bttzed03

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Quote from: dansus021 on May 17, 2022, 10:11:59 PM

Is this official.

The voting suggests most (80%) are in favor of a fork.

Quote from: dansus021 on May 17, 2022, 10:11:59 PM

~ i dont know if this gonna be work smooth but i do believe that terra team need lot of money right now to do all of this

It is actually the easier way out for them because it takes less funds compared to the other proposal (buy back and burn). I think they still have enough funds to revive the project through a hardfork but only time will tell if investors will trust the new terra chain.

tbct_mt2

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They are trying to create a new game with LUNA and try to sink the current LUNA that will become LUNA Classic (LUNC) if the current vote says YES.

People can think two tokens will be similar to Ethereum and Ethereum Classic but the future of LUNA Classic is unclear. It won't die but how it will be developed if the core Terra team leave and move to LUNA (a new one). I think the community will figure out way to do it but it won't be easy and take many time.

ethereumhunter

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Quote from: whiteblue on May 18, 2022, 10:20:47 AM

Quote from: ethereumhunter on May 18, 2022, 10:10:09 AM

I don't have any info about it but I just heard the news. Maybe this will give traders positive sentiment, especially those who are still waiting for Luna to bounce back. But it's all still a mystery and no one knows what will happen next. For the time being, it looks like investors are turning to other, more promising coins and there may still be investors who are still waiting for further news from the dev and team.

Whatever happens about luna's future is still a mystery but for the fact that the team is determined to fork Luna V2, it means they are ignoring the advice of Vitalik and CZ, his big community as well. So I am very disappointed with their decision because minting new coins is a new step from another failure.

We'll see what happens after that and I wonder what investors will do when they hear the news. Do they want to return to Luna or even look for other projects that can provide benefits for them after the loss at Luna. But to increase the price is not easy because the current market situation is also uncertain. Luna still needs more support from investors and people in her community to grow again.

sunsilk

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Quote from: bittick on May 18, 2022, 08:32:41 AM

Quote from: sunsilk on May 18, 2022, 07:24:50 AM

What a contingency plan from Do Kwon. He should just have retained the old one and focused on it. This forking is just another assurance that him and his team could make more money and at the same time, everyone is going to rush just for the sake of dumping it.

So many parties are starting to fill lawsuit against him. This scammer is still thinking a way to rob more money from the market and investors. Majority of investors have been voting no for the new proposal but the voting fully manipulated. Scammer was changing it based on the token owned.

Yeah, one is the South Korean government. He had evaded his taxes and he owes a lot to the government. Now, they're going to file him a case and have him explain what has happened to his project and at the same time, there's a possibility that his properties are going to be seized.

Quote from: bittick on May 18, 2022, 08:32:41 AM

Quote from: sunsilk on May 18, 2022, 07:24:50 AM

There is no longer trust and confidence in the Terra foundation.

yeah and that's why the new token will have no value. People will not able to recover their lose other than dumping the new version of luna token to the ground

My take is that there will be a value but that won't stay for long and gradually that's going to have the same fate as the first Luna and UST. That's what's actually going to happen because he's just giving a band aid solution and not a long term plan.

Johnyz

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Quote from: GreatArkansas on May 18, 2022, 10:28:57 AM

In my own honest opinion, I will not trust LUNA again for sure.
They were not able to fix the problem at the beginning that's why they create a new one, a forked one. This tragedy is one of the most disastrous in the cryptocurrency world, losing billions and the lives of some people.
This new LUNA could be another way to steal people's money. Be careful.

I hate to admit but this could be right, LUNA is not solving any problem here and they are just trying to avoid it and look for creating another coin for the same purpose and it might failed again so better to be careful. Though I bought this for a small amount just to make sure I didn’t miss if the price recovers again but in reality, I didn’t expect that much. If the developer really cares about LUNA, then fork is not the best solution here.

bitkanu

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Quote from: zulfi125 on May 18, 2022, 09:34:30 AM

They will launch new LUNA soon and they will send new LUNA those hold LUNA before UST de-pegged and those were purchased after the price down of UST and LUNA they will not get anything, they will launch new LUNA with 1 billion supply and I hope will give 1:1 ratio and price can expect more than $50 to $100 because 1 billion supply will be vesting, 25% for community pool,5% Developers, 35% bound and unbound LUNA,10% LUNA holders and 25% UST holders. 10% will be unlocked on the genesis and 90% goes to vesting 1 year,2 years, and 4 years. so wait for their announcement.

vesting for this case of reimbursing with the new forked luna sounds ridiculous honestly.
I see no reason the devs should be locking the new altcoin of anyone that acts like a reimbursement that have got scammed by the UST into oblivion at all.
after all we all know that the new luna and the classic luna are just two same thing with different name, I wonder how anyone that have holded LUNA and got scammed by the current LUNA crash gonna react if their supposed reimbursement got vested for years

lalabotax

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Quote from: tooken2 on May 17, 2022, 03:27:42 PM

Does anyone have good info on the new proposed LUNA vs. classic LUNA?

Why should be the "old Luna and New Luna"?
Why shouldn't be only LUNA?
We know how to crash the price of LUNA in recent time so that making many people depressed of the crash market. that's exactly an extreme crash.
The developer is actually trying to recover and survive during this injury time. However, can they?
None knows, although this seems to be very difficult because of very bad news, dropped situation, and lost trust, the team is still trying.
But by creating the new LUNA? Well, let we see

GreatArkansas

legendary

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In my own honest opinion, I will not trust LUNA again for sure.
They were not able to fix the problem at the beginning that's why they create a new one, a forked one. This tragedy is one of the most disastrous in the cryptocurrency world, losing billions and the lives of some people.
This new LUNA could be another way to steal people's money. Be careful.

whiteblue

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Quote from: ethereumhunter on May 18, 2022, 10:10:09 AM

I don't have any info about it but I just heard the news. Maybe this will give traders positive sentiment, especially those who are still waiting for Luna to bounce back. But it's all still a mystery and no one knows what will happen next. For the time being, it looks like investors are turning to other, more promising coins and there may still be investors who are still waiting for further news from the dev and team.

Whatever happens about luna's future is still a mystery but for the fact that the team is determined to fork Luna V2, it means they are ignoring the advice of Vitalik and CZ, his big community as well. So I am very disappointed with their decision because minting new coins is a new step from another failure.

ethereumhunter

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I don't have any info about it but I just heard the news. Maybe this will give traders positive sentiment, especially those who are still waiting for Luna to bounce back. But it's all still a mystery and no one knows what will happen next. For the time being, it looks like investors are turning to other, more promising coins and there may still be investors who are still waiting for further news from the dev and team.

vanesha

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I think they were lucky who were able to buy the old LUNA at a very cheap price of $0.0xxxx they got back the new LUNA for free. Unfortunately when compared to these two LUNA it looks like they look the same, they will have the same potential loss as we are currently experiencing, I don't think it's bad, but the fact is that their team didn't immediately fix the gap you made so many people lost with LUNA classic.

zulfi125

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They will launch new LUNA soon and they will send new LUNA those hold LUNA before UST de-pegged and those were purchased after the price down of UST and LUNA they will not get anything, they will launch new LUNA with 1 billion supply and I hope will give 1:1 ratio and price can expect more than $50 to $100 because 1 billion supply will be vesting, 25% for community pool,5% Developers, 35% bound and unbound LUNA,10% LUNA holders and 25% UST holders. 10% will be unlocked on the genesis and 90% goes to vesting 1 year,2 years, and 4 years. so wait for their announcement.

coin-investor

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Quote from: dansus021 on May 17, 2022, 10:11:59 PM

Is this official. Its like Ethereum vs Ethereum classic hard fork i dont know if this gonna be work smooth but i do believe that terra team need lot of money right now to do all of this

I don't think they have the money or they can put up money to sustain these New Luna and Classic Luna they have used all their Bitcoin reserves when they tried to save the huge crash.

But before implementing these plans let's see what will be the outcome of the parliamentary inquiry

Quote

Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details.
....We should bring related exchange officials, including Terra CEO Kwon Do to the National Assembly to hold a hearing on the cause of the situation and measures to protect investors.”

Do Kwon summoned to parliamentary hearing following UST and LUNA crash

We need to know the outcome because this is all about investors' protection and let's see if the plan will work for investors to regain what they've lost in the crash.

bittick

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Quote from: sunsilk on May 18, 2022, 07:24:50 AM

What a contingency plan from Do Kwon. He should just have retained the old one and focused on it. This forking is just another assurance that him and his team could make more money and at the same time, everyone is going to rush just for the sake of dumping it.

So many parties are starting to fill lawsuit against him. This scammer is still thinking a way to rob more money from the market and investors. Majority of investors have been voting no for the new proposal but the voting fully manipulated. Scammer was changing it based on the token owned.

Quote from: sunsilk on May 18, 2022, 07:24:50 AM

There is no longer trust and confidence in the Terra foundation.

yeah and that's why the new token will have no value. People will not able to recover their lose other than dumping the new version of luna token to the ground

markko7

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If LUNA team proceed with new luna by left behind all investors who put money into this project after the crash then it`ll be financial fraud.

sunsilk

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Cz said this won't do and help. And this new token means that new money will have to come in for those victims of the crash.

What a contingency plan from Do Kwon. He should just have retained the old one and focused on it. This forking is just another assurance that him and his team could make more money and at the same time, everyone is going to rush just for the sake of dumping it.

There is no longer trust and confidence in the Terra foundation.

aprilnot

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Quote from: tooken2 on May 17, 2022, 03:27:42 PM

Does anyone have good info on the new proposed LUNA vs. classic LUNA?

The latest info I know is that the majority are against the new coin. And it's possible that the proposal will be rejected. After all, Do Kwon is in trouble in Korea, this week he was summoned to attend a parliamentary session. for now the government has only just heard an explanation from him, but it is possible that he will be prosecuted considering the many victims of this problem.

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