Quote from: bittraffic on May 26, 2022, 08:31:58 AM

What would they use as stablecoin in Luna v2? I did read some users talking that they will be using USDT as reserve to peg their stablecoin. Is it confirmed?

They are about to start it, I am thinking of getting in even just worth alittle amount grabbing 100K LUNA for the snap. If the price of v2 will be like $1, that's a very good profit. Its the possibility of it going to a $ will be doubted by many of the speculator.

I would guess that if you are getting anything from the snap then its fine and sell it and move on. However, reality is that nothing will make it recover and it will always be a shitty thing and it will never recovering ever again. I personally believe that UST and Luna are fully gone and it will not recover. They can do all the snapshot, all the rollback, all the things they want to do and it will never recover because the idea is gone.

Coins itself could recover magically today, even in that situation it will go back down. When you lose peoples approval, there are no methods that you could comeback, there are just thousands of other coins they could invest, why care about Luna.