That was a good idea but what concerns me is that, how much will be the value of the new LUNA if the price is still the same as the old LUNA then what will be the difference? you are holding a new LUNA? What most of us wants is to get back all of our investment not to receive a coin that has the same value as the old one.
It was never a good idea to begin with. Even CZ's advice is against forking. The People behind Terra project are just creating a new token to escape the Terra Luna current problem. Initially, this created token do not hold any value. The value in new Terra is just an illussion created by the developer to shut the mouth of the Terra Luna crash victims.
Kwon's team are looking for all means to compensate old investors and holders in the space for the sudden liquidation of their project.
Compensate at the cost of the new investors who jump in during the crash. Isn't that sweet?
Recently, Terra Luna was the trending coin in the Crypto Market because of it's immediate deflation of the coin which cost many people to lose their money.
Isn't it supply inflation? They decided to print more Terra Luna to sell to the market while crashing the price then decided to fork it. Isn't this kind of plan malicious and may fall under fraud?
Some lawnmakers have even started to question the people behind Luna projects.
I hope these lawmakers can uncover how the people behind Luna projects deceive the masses.
New way to make money while the previous won't get any benefit from this hard fork until the reduce the circulation supply to1 Billion Luna Token. Even then it very difficult to make all time high again. They are giving false hope until now. Let's see what we get.