There's also a very good chance that LUNA forks to a snapshot point before three days ago and "airdrops" everyone's tokens back to them before it was inflated to the moon.
I've seen other people mention something similar. I'm not sure how I feel about it though. Going that route seems to be rewarding risky behavior. Like there are no consequences. I guess if it was a bad actor then that might be okay, but getting burned can be a learning experience too.
Posted Using LeoFinance Beta
It's not rewarding risky behavior it's just picking up the pieces of a broken community.
There is no reward.
They've permanently lost reputation and can only earn it back after years of hard work and dedication.
True, so you think even if they were to fork it wouldn't be a sudden recovery. Like a long long long long long long game scenario?
Posted Using LeoFinance Beta
very long
they can't get back to the old market cap because the old market cap's entire foundation was unsustainable LUNA > UST conversions. they destroyed so much LUNA to get that market cap, and now they can't repay the debt.
i thnk they should abandon the Stable coin. Sucks for the people in the coin but then use the BTC they had to pay everyone as much as possible. Keep the coin as it was, bin the unstable stable coin. I guessing it wont work but its just a quick glance idea.