After the vertical collapse of the LUNA and UST, the community of Terra tries to rise again after the hard blow suffered recently that saw the value of the currency reset to zero in a few days, probably the worst crypto disaster ever recorded so far, literally billions of dollars. burned and investors hit hard. Despite the still unclear causes of the sudden collapse of the currency, probably the victim of an attack whose perpetrators have not yet been identified, and despite the many doubts that are arising about the conduct of the CEO, something is moving, although investor confidence so far involved has certainly been lost.
There are two fronts that are struggling right now:
DoKwon and his supporters who support a Fork of the chain that will give rise to a new LUNA, excluding the UST stablecoin, the real cause of the collapse of LUNA, unable to recover the UST peg under enormous sales pressure.
A part of the community, convinced that the fork will not provide value to the new project, is starting to burn LUNA (at the moment there are just under 6.5 billion) by voluntarily sending coins to the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu, as well as some ongoing proposals to burn LUNA and UST in the community pool. From here start again to heal the blockchain and re-establish the UST peg, a path strongly recommended also by the CEO of Binance, supporter of the LUNA burn and strongly opposed to Fork.
There is no doubt that at the moment Terra is going through a difficult moment, perhaps it will not be reborn again or perhaps it will, in the crypto world Impossible Is Nothing to quote a commercial from a few years ago. Trust, once lost, is difficult to recover and I personally will keep well away from any investment in the new and old LUNA, I fear that it is really another big bubble that is swelling again and that sooner or later may burst at any moment.
On the other hand, would you trust any credit institution that has lost billions of dollars in a few days? Some speculators will probably be part of the game at first, to inflate the value and then burst the bubble again.
This is not financial advice and readers are advised to undertake their own research or seek professional financial services.
ITA
Dopo il crollo verticale di LUNA e UST, la comunità di Terra cerca di rialzarsi dopo il duro colpo subito di recente che ha visto azzerare il valore della moneta in pochi giorni, probabilmente il peggior disastro crypto mai registrato fino ad ora, miliardi di dollari letteralmente bruciati ed investitori duramente colpiti. Nonostante le cause ancora poco chiare del crollo repentino della moneta, vittima probabilmente di un attacco i cui esecutori non sono ancora stati identificati, e nonostante i tanti dubbi che stanno nascendo sulla condotta del CEO, qualcosa si sta muovendo, sebbene la fiducia degli investitori finora coinvolti è sicuramente andata perduta.
Ci sono due fronti che stanno lottando in questo momento:
DoKwon ed i suoi sostenitori che appoggiano un Fork della catena che darà origine ad una nuova LUNA, escludendo la stablecoin UST, la vera causa della crollo di LUNA non riuscendo più a recuperare il peg di UST sotto una pressione enorme di vendita.
Una parte della comunità, convinta che il fork non fornirà valore al nuovo progetto, sta iniziando a bruciare LUNA (al momento ci sono poco meno di 6,5 miliardi) attraverso invio volontario di monete al burn address, oltre ad alcuni proposal in corso per bruciare LUNA e UST nella community pool. Da qui ripartire per risanare la blockchain e ristabilire il peg di UST, percorso fortemente consigliato anche dal CEO di Binance, sostenitore del burn di LUNA e fortemente contrario ad Fork.
E' indubbio che al momento Terra stia attraversando un momento difficile, forse non rinascerà più o forse si, nel mondo crypto Impossibile Is Nothing per citare uno spot di qualche anno fa. La fiducia, una volta persa, è difficile da recuperare ed io personalmente mi terrò ben lontano da qualsiasi investimento nella nuova e vecchia LUNA, temo che sia davvero un altra grande bolla che si sta nuovamente gonfiando e che prima o poi potrà scoppiare in qualsiasi momento.
D'altronde vi fidereste di un qualsiasi ente di credito che ha perso miliardi di dollari in pichi giorni? Alcuni speculatori probabilmente all'inizio faranno parte del gioco, per gonfiare il valore e poi ancora scoppiare la bolla.
Questa non è una consulenza finanziaria e si consiglia ai lettori di intraprendere le proprie ricerche o cercare servizi finanziari professionali.
With or without a fork Terra is dead. Regaining trust will be almost impossible.
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There some new investors coming in Luna network to support it, but even a small $1 investment can be a profitable, because it is forked during BTC crash, so wait when it comes to new heights. Wait..
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The Binance chief seem to be right tho.
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Luna has failed,I don't think I will trust them.
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The crash was an unprecedented shit show, but the flailing now is even harder to watch, every day they don't commit to a course of action the harder ANY recovery will be.
While I wouldn't expect them to find glory again, they could probably barely survive if they could get their shit together, but each day that looks more doubtful
I feel nothing but compassion for the community, but also what a mess and they just aren't cleaning it up.
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Well, I think this is also a bad idea, as edicted explained in one of its publications.
but as acensotop said this is just to inflate the value of luna and those who have bought at skinny chicken price, will sell making billions when the price hits $1.
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