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Luna might roll back to pre inflation date

 
Anonymous Coward
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05/12/2022 04:56 PM
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Luna might roll back to pre inflation date
At Do Kwon's suggestion, Luna validators have agreed to roll back the chain to 12am, Monday, 9th May 2022, restoring the UST peg to $1 and returning the Luna supply to pre-hyper-inflation levels. "It'll be like nothing ever happened" Kwon stated, claiming that he was inspired by Vitalik Buterin's decision to roll back the Ethereum chain after the DAO hack in 2016. "If it's good enough for Ethereum, it's good enough for Luna."
Anonymous Coward
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05/13/2022 12:44 PM
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Re: Luna might roll back to pre inflation date
Easy! Luna is back
Anonymous Coward
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05/13/2022 12:57 PM
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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
Anonymous Coward
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05/13/2022 12:58 PM
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Re: Luna might roll back to pre inflation date
clappaclappaclappa
Anonymous Coward
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05/13/2022 01:06 PM
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Re: Luna might roll back to pre inflation date
bump
panther0621

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05/13/2022 01:09 PM

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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
Anonymous Coward
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05/13/2022 01:09 PM
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Re: Luna might roll back to pre inflation date
I bought $5 worth of Luna last night.
It's now worth 4 cents.
Okay, Groomer

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05/13/2022 01:14 PM
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Re: Luna might roll back to pre inflation date
My interpersonal of this is that they would take everyone's money who buys now at a penny. Rolling back the clock erases the entire blockchain after the date.
There's a difference between us. You think the people of this country exist to provide you with position. I think your position exists to provide those people with freedom. And I go to make sure they have it.

-William Wallace
Anonymous Coward
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05/13/2022 01:15 PM
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Re: Luna might roll back to pre inflation date
I bought a billion of it, am i already a billionaire?

xxxcite
Anonymous Coward
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05/13/2022 01:16 PM
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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
 Quoting: panther0621


it can't

OP made shit up
Anonymous Coward
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05/13/2022 01:24 PM
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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
 Quoting: panther0621


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
Anonymous Coward
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05/13/2022 01:26 PM
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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
 Quoting: panther0621


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
 Quoting: Anonymous Coward 79391326


you cant rollback stablecoins you twat
Anonymous Coward
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05/13/2022 01:27 PM
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Re: Luna might roll back to pre inflation date
At Do Kwon's suggestion, Luna validators have agreed to roll back the chain to 12am, Monday, 9th May 2022, restoring the UST peg to $1 and returning the Luna supply to pre-hyper-inflation levels. "It'll be like nothing ever happened" Kwon stated, claiming that he was inspired by Vitalik Buterin's decision to roll back the Ethereum chain after the DAO hack in 2016. "If it's good enough for Ethereum, it's good enough for Luna."
 Quoting: Anonymous Coward 76655722


except that something did happen.

lol

they can't just "roll it back", hundreds perhaps
thousands of people bought billions of coins.

what is their reimbusement?

.
Anonymous Coward
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05/13/2022 01:28 PM
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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


if they truly roll it back, your coins disappear.

.
Anonymous Coward
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05/13/2022 01:28 PM
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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
 Quoting: panther0621


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
 Quoting: Anonymous Coward 79391326


you cant rollback stablecoins you twat
 Quoting: Anonymous Coward 80823093


i just made $500 in less than 30 min while you were bitching!

5a
Anonymous Coward
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05/13/2022 01:29 PM
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Re: Luna might roll back to pre inflation date
My interpersonal of this is that they would take everyone's money who buys now at a penny. Rolling back the clock erases the entire blockchain after the date.
 Quoting: Okay, Groomer


right.

your coins go poof!

here's your money back?
Anonymous Coward
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05/13/2022 01:30 PM
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Re: Luna might roll back to pre inflation date
...


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
 Quoting: Anonymous Coward 79391326


you cant rollback stablecoins you twat
 Quoting: Anonymous Coward 80823093


i just made $500 in less than 30 min while you were bitching!

5a
 Quoting: Anonymous Coward 79391326


so what ? i made over 150% in the last 2 months on shorting
Tick Tock

User ID: 78131002
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05/13/2022 01:30 PM

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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
Anonymous Coward
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05/13/2022 01:33 PM
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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


1.5 million @$45
Anonymous Coward
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05/13/2022 01:34 PM
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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
 Quoting: Tick Tock


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
Anonymous Coward
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05/13/2022 01:36 PM
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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
 Quoting: Tick Tock


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
Tick Tock

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05/13/2022 01:36 PM

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Re: Luna might roll back to pre inflation date
how does that happen while the supply increased and people bought ? OP?
 Quoting: panther0621


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
 Quoting: Anonymous Coward 79391326


you cant rollback stablecoins you twat
 Quoting: Anonymous Coward 80823093


Yes you can, you simply find a block you want to restart at and cut the rest of the blockchain away.

The Blockchain restarts growing at that block# and the portion that was cut away is now 100% worthless.
Tick Tock

User ID: 78131002
United States
05/13/2022 01:37 PM

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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
 Quoting: Tick Tock


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
 Quoting: Anonymous Coward 80823093


No those trades will not be cancelled, they will NO LONGER EXIST.
Tick Tock

User ID: 78131002
United States
05/13/2022 01:39 PM

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Re: Luna might roll back to pre inflation date
BUY LUNA NOW!!!!!!!!

5a
 Quoting: Anonymous Coward 79391326


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
 Quoting: Tick Tock


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


It takes 5 minutes to simply cut the blockchain at Block# 7607789.

Any block after that from the original chain will No Longer Exist.
Anonymous Coward
User ID: 80823093
05/13/2022 01:41 PM
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Re: Luna might roll back to pre inflation date
...


it can't

OP made shit up
 Quoting: Anonymous Coward 80823093


nope its official
 Quoting: Anonymous Coward 79391326


you cant rollback stablecoins you twat
 Quoting: Anonymous Coward 80823093


Yes you can, you simply find a block you want to restart at and cut the rest of the blockchain away.

The Blockchain restarts growing at that block# and the portion that was cut away is now 100% worthless.
 Quoting: Tick Tock


what will you do with debt collectors ?

repay them ? or declare bankrupts ?


rolling back decentralized coins is way different deal then Stablecoins

because these coins back value
Okay, Groomer

User ID: 48635506
United States
05/13/2022 01:42 PM
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Re: Luna might roll back to pre inflation date
...


@terra_money
The Terra blockchain has officially halted at block 7607789.

Terra Validators have halted the network to come up with a plan to reconstitute it.

More updates to come.
 Quoting: Tick Tock


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
 Quoting: Anonymous Coward 80823093


No those trades will not be cancelled, they will NO LONGER EXIST.
 Quoting: Tick Tock


The problem is that many of the trades were not on the blockchain. They were contracts on leverage.

All the shorter made money on contracts and they have their money. You can't roll back contracts on individual exchanges.

For this to happen? Exchanges would be the ones footing the bill. And they would go under. Which would cascade lots of issues. It would be bitconnect on steroids. Thousands upon thousands of btc would be sold to cover losses. Everyone would lose. Bitcoin would crash lower than anyone expects. The ultimate black swan event.
There's a difference between us. You think the people of this country exist to provide you with position. I think your position exists to provide those people with freedom. And I go to make sure they have it.

-William Wallace
Anonymous Coward
User ID: 80823093
05/13/2022 01:44 PM
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Re: Luna might roll back to pre inflation date
...


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
 Quoting: Anonymous Coward 80823093


No those trades will not be cancelled, they will NO LONGER EXIST.
 Quoting: Tick Tock


The problem is that many of the trades were not on the blockchain. They were contracts on leverage.

All the shorter made money on contracts and they have their money. You can't roll back contracts on individual exchanges.

For this to happen? Exchanges would be the ones footing the bill. And they would go under. Which would cascade lots of issues. It would be bitconnect on steroids. Thousands upon thousands of btc would be sold to cover losses. Everyone would lose. Bitcoin would crash lower than anyone expects. The ultimate black swan event.
 Quoting: Okay, Groomer


that is the problem, because laws forbid that
Okay, Groomer

User ID: 48635506
United States
05/13/2022 01:48 PM
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Re: Luna might roll back to pre inflation date
...


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
 Quoting: Anonymous Coward 80823093


No those trades will not be cancelled, they will NO LONGER EXIST.
 Quoting: Tick Tock


The problem is that many of the trades were not on the blockchain. They were contracts on leverage.

All the shorter made money on contracts and they have their money. You can't roll back contracts on individual exchanges.

For this to happen? Exchanges would be the ones footing the bill. And they would go under. Which would cascade lots of issues. It would be bitconnect on steroids. Thousands upon thousands of btc would be sold to cover losses. Everyone would lose. Bitcoin would crash lower than anyone expects. The ultimate black swan event.
 Quoting: Okay, Groomer


that is the problem, because laws forbid that
 Quoting: Anonymous Coward 80823093


Not in about 100 other non US countries.
There's a difference between us. You think the people of this country exist to provide you with position. I think your position exists to provide those people with freedom. And I go to make sure they have it.

-William Wallace
Tick Tock

User ID: 78131002
United States
05/13/2022 01:48 PM

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Re: Luna might roll back to pre inflation date
...


even in blockchain, they could issue a set of transactions
that effectively roll it back. but there's a lot of
legal and reputational issues. I smell desperation.

.
 Quoting: Anonymous Coward 49331619


they can't

a lot of trades will be canceled because of this

Shorting/liquidations
 Quoting: Anonymous Coward 80823093


No those trades will not be cancelled, they will NO LONGER EXIST.
 Quoting: Tick Tock


The problem is that many of the trades were not on the blockchain. They were contracts on leverage.

All the shorter made money on contracts and they have their money. You can't roll back contracts on individual exchanges.

For this to happen? Exchanges would be the ones footing the bill. And they would go under. Which would cascade lots of issues. It would be bitconnect on steroids. Thousands upon thousands of btc would be sold to cover losses. Everyone would lose. Bitcoin would crash lower than anyone expects. The ultimate black swan event.
 Quoting: Okay, Groomer


The Exchanges could "Front-Run" all trades utilizing Arbitrage-Bots, rebuilding the Buy & Sell walls, and correct trading back to normal in literally "Minutes", ..... I've done it before with My personal coins and exchange.

Last Edited by Tick Tock on 05/13/2022 01:49 PM
Anonymous Coward
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05/13/2022 01:49 PM
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Re: Luna might roll back to pre inflation date
Most of major exchanges delisted Luna

you won't be able to sell or transfer it in the future
Anonymous Coward
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05/13/2022 01:54 PM
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Re: Luna might roll back to pre inflation date
a lot of people making money on LUNA with arbitrage

5a





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