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Dogecoin'in kurucu ortağı Billy Markus slammed Terra’s attempt to relaunch LUNA, calling those who buy into it “truly dumb.”
The Terra ecosystem implosion has dominated headlines the past few weeks. Users lost billions, and lives were turned upside down as the UST stablecoin lost its $1 price peg.
During the fallout, internet detectives and whistleblowers have voiced multiple accounts of suspicious activity. All of which point to shady goings-on within the Terra hierarchy and beyond.
Examples of allegations include the manipulation of Terra retail investors by prominent entities, usage of the Ayna Protokolü to enrich senior figures, and Terra founder, Do Kwon’s links to failed algorithmic stablecoin project Temel Nakit.
With so many red flags emerging from the Terra autopsy, does Markus have a point?
Terraform Labs to relaunch LUNA
Word of a Terra relaunch first broke on May 16, when Kwon yap posted a tweetstorm detailing a revival plan. This plan initially entailed forking the old chain into a new chain without the UST stablecoin component.
Devs have since stated LUNA 2.0 will be a brand new chain and not a fork.
Token distribution from the new chain will take the form of airdropping "olarakstakers, holders, residual UST holders, and essential app developers” of the old chain.
The community voted “with overwhelming support” to pass Teklif 1623 on May 25, paving the way for LUNA 2.0 to launch.
The relaunch and token airdrop were scheduled for May 27, but an duyuru on that day has delayed this to May 28 at 06:00 GMT.
It’s a thumbs down from the community
Co-founder and CEO of blockchain carbon credit firm eCarbon, Joshua Fernando, spoke of the dangers of reviving LUNA. By email, Fernando raised several salient points about the relaunch, including:
- LUNA 2.0'ın nasıl değer elde edeceğine dair açıklama eksikliği, özellikle de stabilcoin bileşeninin eksik olması nedeniyle.
- Hak sahipleri, kayıplarını telafi etme ve daha güvenli projelere kaçma arayışına girdikçe, hak kazanma dönemi sona erdiğinde büyük satış baskısı ortaya çıkar.
- Borsalar ile çıkar çatışması (airdrop ve yeniden lansmanı desteklemek), çünkü onlar da kayıpları telafi etmek istiyor olabilir.
The consensus on crypto Twitter is much the same, with no shortage of tweets mocking the relaunch. For example, @Mister_Ch0c likened investing in LUNA 2.0 to rekindling a relationship with an ex who cheated.
Buying Luna 2.0 is the equivalent of calling back your ex knowing she cheated on you
Have some self respect- MisterCh0c (@Mister_Ch0c) Mayıs 27, 2022
Benzer şekilde, Markus didn’t hold back when tweeting his thoughts about the intelligence of LUNA 2.0 investors, which he called “truly dumb crypto gamblers.”
luna 2.0, dünyaya kripto kumarbazlarının gerçekte ne kadar aptal olduğunu gösterecek
- Shibetoshi Nakamoto (@ BillyM2k) Mayıs 25, 2022
