LUNC

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

jponline

SBF tokenized stocks on Luna now LUNC blockchain (you can still see them on LUNC @ coinhall. mAMC, mGME, mAPPL, mGOOGL, mNVDA etc…) why would this be a worthwhile endeavor? Seems something’s wrong with the us stock market and global economic system. Bankers always look for ways to create liquidity.

AdamFitri2005

Might as well buy FTT and LUNC too

Humble-Economics-648

BTC ETH ETC Shiba Floki Sei Dogecoin Dogelon Heroes of Mavia LUNC years.finance

Sonichu

The outrageous withdrawl fees on things like Matic dettered me forever from them. I only use Kucoin for my degenerate shit coin purchases like LUNC. Anyone know where I can buy CKB from besides Kucoin?

Mana_Seeker

You forgot to recommend LUNC

labiibahmad

I've learned my lesson to do the exact opposite of what this sub suggests. Previous weekend everyone said its going to go up, so i bought when i saw it rising for a couple of hours; then everything came down falling. This weekend everyone said it gonna dump, so when i saw it dipping for a couple of hours i sold; then even the LUNC and BitTorrent I've been holding for moths started exploding.

MaximumStudent1839

My point is deflation making things valuable is a meme. It is obviously not making LUNC anymore valuable by the day.

MaximumStudent1839

>This process has been in effect for several months already. Over the last 555 days, its annualized deflation is 0.246%. It is not even 1% per year! Source: [https://ultrasound.money/](https://ultrasound.money/) In the same time frame, Luna Classic has burnt a higher percentage of its supply. [https://www.luncmetrics.com/burn-tracker/lunc](https://www.luncmetrics.com/burn-tracker/lunc) But where is LUNC price now? Deflation only creates speculative demand. You still need genuine demand. Price go up if demand exceeds supply. Even if supply goes down, and demand falters faster, the price still won't appreciate.

labiibahmad

Ive been holding LUNC and Bittorent for so long and they started pumping as soon i sold them yesterday what the actual frick.

Crypto---Knight

LUNC....ahhhhhhhhhh fuck!

AdamFitri2005

Why do u still hold LUNC

Ashamed_Moment_2477

Weird world…that upswing of zombie LUNC keeps my portfolio afloat. Wondering whether it will test 0.000025 again

slipperynibs

Lol i stopped using CDC after i sold my LUNC at market and lost 3000$ out 9000$ and wouldnt allow me to sell at limit for anything outside of -30% loss off the top even while it was still going up so it wasnt a POF issue.

texas-hedge

LUNC and SPELL. Thankfully only a few thousand dollar loss.

Desnowshaite

LUNC. I bought some at $80 and when it started to fall I bought some more with high hopes....

xbriannova

I keep my LUNC (Terra Luna Classic) in my portfolio to remind me to be careful. It makes up just 0.5% of my portfolio. But if not counting LUNC, it'll be CRV (Curve). I bought it during the bear market, but unlike other cryptos that had risen high and gone back into the green, CRV stays deeply in the red. I'm starting to think that that's where it'll stay for the rest of its life. It's only a matter of selling it at the least amount of loss...

fishnislife

$Doge Bought in early 21’ at .008 with $50. I sold a portion of my Raytheon stock holdings for it. I remember thinking how stupid it was and i was throwing my money away. I cashed out and bought back in so many times in 21’-22’. But it single handedly has funded my crypto journey. In total I have made 10’s of thousands from that 50 and my son bought in around the same time and has made 4-5,000. That is what i can tell that initial investment has done, but of coarse along the way I cashed profits out to pay off debt, to buy things and to invest in many other positions. Including my original Btc and Eth positions, which have been by far been the greatest investments I have ever made. Probably not the dogecoin millionaire story you were looking for but at the same time my portfolio has been wrecked by investments like LUNC and Mana too. I have learned from that to be patient, stick with your gut, don’t listen to the “noise” of the crypto market and have fun with it. Investing is a journey and if you are here to get rich quick or find that lottery ticket to become a millionaire you’re better off standing outside and waiting to be struck by lightning. You can make good money off crypto but I know WAY more investors that have lost a lot of money at this than the few who have done incredibly well. That’s just the truth of it. I wouldn’t change a thing about my choices and have learned a lot about the market and investing because of it. Good luck with your journey. I still have a doge wallet with doge in it.

ZekeTarsim

And there’s a whole subculture of Luna classic holders who post threads like “you think it’s possible LUNC will hit a dollar?”

Zen4rest

Tried to catch the LUNA falling knife with $200. Now holding 200,000 LUNC worth $36. Also, not buying a whole BTC at $4k when I had my finger on the button.

Ricothebuttonpusher

LUNA in 2021. The collapse peaked my interest in crypto and I bought into it thinking it would bounce back. Anyways, several investments later all my crypto is up including LUNC so cool I guess.

piggleii

LUNC is not hated.

EdgeLord19941

LUNC?

zeehkaev

My question is not if it is unrebliable like wbtc vanishes every single day, its more like if a single of these custodians go broke or investigated, they just would use the btc they old, the whole thing could collapse in a single canonical event like almost all crypto projects (Celsius was good until it wasn't, ftx, fantom, LUNC/Luna USD etc)

Ashamed_Moment_2477

LUNC still up 8% on the daily. Putting aside all associations with the previous rug just for a second thats a point worth mentioning

Ashamed_Moment_2477

MOONS, RITE or LUNC 😜 pls dont kill me

Ashamed_Moment_2477

TIA and LUNC on a little march in my portfolio

Ashamed_Moment_2477

Mine is held by LUNC😂

Bust3dGG

LUNC 👁👄👁

BlubberyGiraffe

I am surprised LUNA and LUNC are still kind of alive. I bought some after the rug pull assuming it'd just remain like that. I don't think it's possible for it to ever get even remotely near to the ATH level. If I put 20 in right now and it somehow went back it'd turn into 22k 😂 It'll be interesting to see what happens with it tho, I've kept my eye on it just for curiosity.

New_Reputation

Bought more $LUNC - its down -99.9999999% from ATH - ofcourse it wont go to ATH or even near it but retail/ new people in crypto will think "WHAT IF"

New_Reputation

Bought more $LUNC -- its down -99.9999999% from ATH - ofcourse it wont go to ATH or even near it but retail/ new people in crypto will think "WHAT IF" -Top Gainers on Perps today have all 1000 on their ticker -Latest pump is $XEC with 50% gain even with $900m mc-Only one that doesn't pumped yet is $LUNC I believe $LUNC pump is coming soon

Ok-Assistance-6848

40% BTC and 40% LUNC in my portfolio right now, with assorted coins in the 20%

UristUrist

Don't buy LUNC.

sportspadawan13

Bought $20 of LUNC when it crashed and am almost in profit but it costs $60 to move 😄

clownmannolaugh

I bought LUNC post crash hoping it can moon

Ashamed_Moment_2477

Memecoins pumping…so wheres the moonshot for the zombie memecoin LUNC?😂

Inner_Ad9932

LUNC bringing the gains 🚀🚀🚀

AdamFitri2005

It's interesting to see coins like FTT and LUNC still having fanbases lol

Kessaveli

LUNC is pumping. Man oh man, didn’t see that coming. Still gonna take 70 years to burn it all though.

Ashamed_Moment_2477

Somebody thinks that zombie LUNC will start a run the next days? Astonished that it is still around

FairDragonfly333

If LUNC makes me rich that would be hilarious

GoodGodKirk

330k LUNC? Was that before or after the crash? Holy crap, that must have hurt to watch.

MaximumStudent1839

This is the most bullshit argument I have ever seen. Ever new chain has a high emission schedule to bootstrap its network. From 2010 to 2013: BTC's annualized inflation is 122%. Inflated 3x in 3 years. From 2015 to 2018: ETH's annualized inflation is 14%. Inflated 41% in 3 years. (Yes, BTC had higher inflation because ETH PREMINED LIKE 40% OF ITS SUPPLY.) Bottom line, demand is more important than artificial suppressant of supply. The fact the BTC is beating the dogshit "ultrasound money" is strong enough evidence. If burning/suppressing supply is the winning card alone, then LUNC should be going up again.

verysillyman

So LUNC got delisted from crypto.com

RCube123

[CA, US] I bought a small amount of LUNC a while ago from Crypto.com, then was recently notified of it getting delisted, prompting me to move it to Ledger. If in the future, I move it to another exchange to sell or trade, how would I account for that when doing taxes? I suppose that Crypto.com will still have all my transactions, even though I'm no longer able to buy, sell, or trade? How do I do recordkeeping if it moved from exchange to Ledger, then to a different exchange, then sold or traded? Additionally, each move also incurred transaction fees, making the amount I received at each point slightly lower than the origin. Suppose that I want to sell or trade (take profits), how will taxes work in that case? Will exchanges issue proper tax forms (e.g. 1099) if sales occurred?

Lostindaether

LUNC

Logical_Lemming

Maybe in 30 years or so, Do Kwon will get out of federal prison, and Jesus will immediately come down from the heavens, yell "Steady, lad!" and cleave Do Kwon's head from his shoulders with a mighty blow. And from Do Kwon's stump-neck will spew forth a torrent of molten gold, and who should be there ready to catch this blessed golden shower but FatManTerra! The Fatman will take the gold into his iron belly, and from that day hence he shall poop out just enough gold coins each day to bring the price of UST to $1.00. Thusly LUNC will be redeemed. And then, maybe, CDC will relist it.

AggressiveNet1072

lol all these people talking crap about LUNC. Watch the price go up soon

Bongressman

Who the fuck is still in the LUNC community? C'mon now.

NoShip7475

LUNC is about as valuable as my shit in the toilet. Overdue.

pawnstah

If you’re in the US or Canada you will receive an email from Crypto.com about LUNC being delisted and for your to cash out or trade it.

Ashamed_Moment_2477

I am on that journey with LUNC since three weeks

Sothisismylifehuh

LUNC? 😅

DoragonMaster1893

Let's go. My portfolio is 32% in green now. biggest gains (percent wise): AKT +98% BTC +95% DESO + 85% And the worse: - Algo -55% - LUNC -46% - XTZ -32%

tika_dengu

LUNC is the real winner, up 4% on the hour

tika_dengu

Is that burning smell from LUNC?

coinfeeds-bot

tldr; Terra Luna Classic (LUNC) and LUNA have experienced strong buying pressure, with LUNC's price jumping from $0.000115 to $0.000145 before facing a liquidation event. LUNA has seen long liquidations but no short liquidations yet. Both cryptocurrencies have recovered from recent dips and are facing resistance at higher price levels. Open interest for both has declined, indicating active buying near low points. The Terra Luna Classic community has rejected proposals to burn USTC, focusing instead on chain development and project liquidity. LUNC is currently trading at $0.00013, while LUNA is at $0.74, with both facing potential resistance ahead. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

nevermindthebbb

No LUNC or NANO futures markets on bybit unfortunately, I definitely would've included NANO otherwise

manu-fortin

I’ve been following politics news in Argentina, after new president started in 10th December. There is a conflict between new President (Javier Milei) and the governor of Buenos Aires, Axel Kichilof (socialist and very close friend of former president Cristina Kirchner). Axel is been advise by several economists to create a new currency for the state, obviously to opposite Javier Milei because they want to provoke a major conflict to the new administration. Lots of tweets about a very high possibility that governor Kichilof invest in LUNC (terra clasic) instead of create a new currency. LUNC is at 0u$ which is an easy way to convert they monetary base in digital currency. Worth to have an eye on it

Ashamed_Moment_2477

Anybody thinking about the spike LUNC will do on the 2nd because of the binance burn of LUNC then?

DistributionAntique

I felt like I was over diversifying too for a while. I do own BTC, ETH, BCH BONK, ALGO and LUNC as well. Now I’m mostly trying to consolidate my position in like 5 of my assets DOT and ADA being some of them. But to your point, there’s always so many good projects with great potential out there that I feel like I’m still missing out every time lol 😅.

CryptoScamee42069

You can still trade LUNC and you’re saying AVAX is *literally* the worst? Lol

Digital_Moocher

LUNC pump incoming

One13Truck

Going balls deep on CEL, LUNC, FTX, and SOL. And moons, natch.

UristUrist

ADA and LUNC to the moon.

blockroad_ks

LUNC only jumped because 3 weeks ago people undelegated their staked LUNC when the price began to go crazy, and they've finally got their funds. Nothing to do with Do Kwon.

UristUrist

TLDR: LUNC to the moon!

coinfeeds-bot

tldr; In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The decision cited procedural irregularities and lack of clarity in its ruling, adding new uncertainty to extraditing Do Kwon. The final decision on Kwon’s destination rests with Montenegro’s justice minister, as both countries have indicted him on charges related to the collapse of TerraUSD. The fate of Do Kwon’s extradition remains uncertain, and how it will impact the price of LUNC, the original Terra LUNA coin, is yet to be seen. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

skr_replicator

i think of unrealized gains as actual gains, that you are only allowing to change further, and by realizing them you are locking them at their current value forever. Better than believing your LUNC is still not loss because of your diamond hands.

Cybernaut-Neko

100 years from now in Sotheby's antique crypto auction...rare LUNC

yetanotherdave2

I'm still hold some LUNC. For how much I've got it's really not worth selling.

Hungry-Class9806

Different situations. People who still hold LUNC are the same ones who keep buying FTT: Degens hoping for a moonshot to sell. They don't care about Do Kwon or SBF or have any emotional attachments to the token because, mostly, they bought in after the FTX and Terra collapses. But with Safemoon, you see a lot of people emotionally invested in the token, mostly because it gives them a sense of belonging (they even call themselves "family" FFS)

UristUrist

All in on LUNC.

jotunck

I mean.. People are still holding LUNC.

Hungry-Class9806

BSV and Hex are the worst. Truly cults. LUNC is just a failed project that got the attention of degens

moeron17

I bought like 1.5 million LUNC shortly after the crash. Prepared to watch that money disappear. But figured what the hell crazier things have happened

They-Took-Our-Jerbs

I bought 250k of LUNC just to keep my eye on it, made profit last week. Sold the lot for about £15 profit, just about gets me a pint these days!

LargeSnorlax

Crypto isn't a rational ecosystem and people treat projects like sports teams. Like if you buy NEO you have to be a NEO "believer" and have to stick with NEO no matter what, even if there are interesting opportunities out there. You're trying to look at it through a lens closer to stock market views - If a company does more and is more successful, price should go up right? What drives the market is speculation and guesswork - "Which chain will be the next eth?" "Which chain will have the most users?" "Which new use case will people care about?" "Which chain will have the most fanatical followers?" - And the market moves that way instead. So you get stuff like Fetch.Ai running - Or BONK - Or IMX, or BTT, or LUNC, all for various reasons mentioned above - Community, layer 2s, memes, coins down bad, you name it. Bitcoin is one thing - "Crypto" is another. It's an ecosystem built entirely on social media presence, hype, and interest. Applying stock market logic to it isn't going to work.

HarrisonGreen

Why LUNC?

wubhuman

Sorry to hear that. I thought it was dead at 10. But nope, it’s always been a huge buy opportunity whenever we get those mega dumps (MOON, LUNC, pretty much anything)

DoragonMaster1893

I have been in green on BTC for a while, but nice to start seeing alts going green as well. ETH, MATIC, ATOM and LUNC.

millennial-snowflake

LUNA was rough. I have a feeling LUNC will go the same way.

Intelligent_Page2732

Basicly everything is pumping right now, even LUNC and UST, so it doesn't really mean anything.

LargeSnorlax

I like how "missed 500% on SOL" is presented like people didn't go -96% on it first Like saying you "missed 500% on LUNC", yes, *technically*, if you perfectly timed the bottom of the chart, and everyone else lost their shirt

DistributionAntique

Lmao oh yeah, can’t forget LUNC. I have BTC and some good alts obviously but anyone should have a few meme coins here and there cause they always have immense potential for massive gains lol.

Slacker_01

LUNC 🚀

Ashamed_Moment_2477

LUNC will jump hard on the 3rd/4th of January because of the massive amount of monthly burnt trading fees by binance…but…do you all think it will rise till then or correct down in the meantime? Just guesses

cr__ked

Rate my YOLO portfolio 45%ADA 40% DOGE 10% SHIB 5% LUNC / APECOIN

ClassicCaregiver7274

I've seen way too many topic where people lost their crypto after joining shady airdrops. That's a huge "no no" for me. In a matter of fact around 1 year go I've lost almost $1000 worth of LUNC via joining LUNA airdrop posted by "Terrastationsupport" (fake) profile on twitter.

Vegas_TP

What's LUNC doing in the top 50. Rising from the ashes. 😅

karanda12

guys what do you think about LUNC ?

tika_dengu

I did some complicated math and LUNC will be a cent at BTCs current MC. The LUNC to a dollar seems impossible even with aggressive burning. Back to flipping burgers.

coinfeeds-bot

tldr; The article discusses the resurgence of Terra Luna Classic (LUNC) and Terra Classic USD (USTC) in the cryptocurrency market. The community's proposal shift has led to significant gains for both tokens, with LUNC re-entering the top 50 by global market cap and USTC experiencing a 400% increase in value. The article also mentions the upgrade of the Terra Luna Classic chain to address a sequence mismatch issue and the strategic buying strategy for USTC. Additionally, upcoming developments like a DeFi card and the influence of MintCash UST 2.0 on USTC's price are discussed. Overall, the article highlights the positive momentum and developments within the Terra Classic community. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

GuppyGirl1234

I gambled $100 on LUNC during the same. Happy to report that I just withdrew profit of $150 and the remainder is still climbing. I feel like I hit the jackpot on the slots because this NEVER happens! 10/10 will do again when the price dumps.

bigdipAccomplished

>u YEEET LUNC is awesome!!!!

trrrring

I never thought I'd see LUNC rise with 50% this soon

trrrring

That sucks :(. In this case I hope the pyramid scheme that LUNC is at this point will pay out for you one day.

trrrring

I saw it for LUNC on Coingecko in the graph

jaxsantiago

LUNC, LUNA, PEPE, FLOKI ... all up 2 digits. Crazy.