Luna classic after the fork

[hd49728]

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!

[zidanw]

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.

[Reid]

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.

[Wildwest]

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.

[vanesha]

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.

[Lsnn]

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

[Doell]

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.

[Lsnn]

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 ? 😄

[rhomelmabini]

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 ?

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.

[casperBGD]

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

[devil2man]

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

[wxa7115]

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.

[AmoreJaz]

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.

[bittick]

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.

[coin-investor]

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.

[Hamza2424]

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.

[tbct_mt2]

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.

[Pejoh Asu]

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 .

[zidanw]

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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.

[ringgo96]

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.