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Re: None

Friday, 05/20/2022 7:44:45 PM

Friday, May 20, 2022 7:44:45 PM

Post# of 2180
I’m just a caveman, but query this:

(1) it seems that a choice needs to be made in the coming days by each and every Luna holder: do I (a) move my Luna to Terra Station such that I am “airdropped” Luna2 in exchange for my LunaC (old Luna); or (2) keep it in my separate crypto wallet - e.g. crypto.com, binance, whatever - such that it stays in its current form. I see advantages/disadvantages with either choice - it all depends on how one thinks each respective Luna in the Fork will behave after the fork is done. And how much support “old” Luna will get when the fork is done. If it’s just left for dead, then converting to New Luna is the only choice.

(2) On the subject of burn…maybe I’m missing something, but won’t the “fork” of Luna into two coins function as kind of a “defacto burn” of original Luna. Meaning, tons of folks will move their millions and millions of Luna shares to terrastation so that kwon can convert them to new Luna. But won’t that, in and of itself and without a formal burn, drastically reduce the amount of circulating old Luna? It seems so simply I feel like I’m missing something.

Fork = burn?…#DefactoBurn?
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