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Author Topic: Luna classic after the fork  (Read 321 times)
Lsnn (OP)
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May 19, 2022, 10:02:14 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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May 19, 2022, 11:36:27 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.

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May 19, 2022, 11:45:36 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.

R


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May 19, 2022, 11:54:05 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.

R


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May 20, 2022, 01:11:27 AM
 #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.
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May 20, 2022, 01:24:15 AM
 #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 .
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May 20, 2022, 02:01:44 AM
 #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
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May 20, 2022, 02:34:48 AM
 #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.

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May 20, 2022, 02:44:24 AM
 #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.
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May 20, 2022, 02:46:02 AM
 #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.

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May 20, 2022, 03:02:35 AM
 #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.
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May 20, 2022, 07:28:25 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

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May 20, 2022, 07:50:08 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.

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May 20, 2022, 08:26:14 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.

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May 20, 2022, 08:37:07 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
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May 20, 2022, 09:18:53 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

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May 20, 2022, 09:24:48 AM
 #17

Seems like the old chain (Luna Classic) gonna be abbandoned right ?
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May 20, 2022, 11:26:25 AM
Last edit: May 20, 2022, 11:50:55 AM by masterrex
 #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.     
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May 20, 2022, 11:58:35 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.

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May 20, 2022, 12:31:47 PM
 #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.



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