Quote from: o48o on May 16, 2022, 07:57:52 AM

Quote from: takngantuk on May 14, 2022, 02:54:36 PM

Quote from: lucks001 on May 14, 2022, 09:45:43 AM

what do you think really works?

won't, so forget it. some time ago CZ wrote a tweet, he said fork(lunav2) will not solve the problem and make him recover. how can they restore investor confidence with just a new coin that has no value in the first place. terra already had no chance to recover. everything written by the terra developer is only sweet words and is difficult to materialize.

Exactly. Value isn't made without people believing it has value. Without backing this up and by buying back the tokens, there's no trust and without trust there are no one buying this.

It doesn't help his case that Do Kwon was being arrogant and in the twitter in the past when people were pointing out this weakness that just played out.

Well said. Investors confidence determines the value of product. Luna foundation has massively lost the confidence of its investors but will it ever be able to win it back will totally depend of the wisdom,capabilities and commitment of its management team to handle the crisis they are in. I believe the Do know is a courergous & committed person.Though his experiment of pegging stable coin with basket of crypto currencies failed but failures are part of life but one should continue doing new experiments with improved and reliable risk management strategies.