Reddit Posts
A glance at key finding in the 2023 token insight annual report
$ORCA.X Orca rated a very strong 💪 BUY and hold, will hit the double digits, huge money 💰 here it will over 10x buy Orca, Great Christmas present 🎁
Invest smartly into Ninja Protocol on Solana blockchain — farming is starting now!
Invest smartly into Ninja Protocol on Solana blockchain — farming is starting now!
Ninja Protocol - farming will start soon
How not to get distracted from a core portfolio?
Anatomy of a Murder; What getting scammed actually looks like.
An analysis of the decentralised exchange aggregator project PRISM on the Solana blockchain, and why I believe it will see growth.
Mentions
Sell BTC xrp ada after they top. Get into $ORCA $MUSE $TRB $KSM $COMP sooner than later
When your ready to get into some real coins .. $MUSE $ORCA $TRB $KSM $COMP
Good idea. My faves are $ORCA $TRB $MUSE $BONK
My sweet spot is coins that rank in the top 300 to 1,000. $ORCA $TRB $MUSE $KSM $TIME $NRM are some of my faves
$ORCA $TRB $MUSE $BONK $PEPE for memes
Yeah alright, lower then. Yes looking and own a few of them but thinking of deploying there. ORCA also
Check out $ORCA and $TRB
Check out $ORCA $TRB $GHST
Yeah I see what you're saying I do the same thing so then maybe if I have a coin that pumps I'll start putting profits into those smaller bags. I like $ORCA $TRIB and $GHST. What are your favorite alts?
What’s the deal with ORCA? Why is it falling today?
CAW, OPEN & ORCA are my more high risk ones, but CAW has a bit of hype surrounding it so it might be a quick sharp rise before it disappears, worth having something in it at this point anyway. OPEN seems like a decent project though, used to be QREDO and it had an ATH of about £7, at 0.02 a coin now it I'd another that might be worth just keeping a small amount in for interest. But I'm a novice trader so these all might be the gambles that don't pay off 🤷♂️
Heavily into PYR, SUPER, AIOZ, PRIME, IMX, BEAM, ORCA, PYTH, ETH, RONIN and a few others in small amounts
Not true, ORCA, UNI and DYDX were always higher than JIP
CEXs are always frustrating. I self custody the vast majority of my crypto. But I keep small amounts on Kraken and Coinbase as they are my routes to onramp/offramp fiat. I tried to move a small amount of crypto off Coinbase 3 hours ago. It is still pending and support can't do anything about it until they eventually send the transaction through. This isn't the biggest deal for me. But it is still annoying. With a DEX, I would not have to deal with these types of delays. And customer support would not tell me how this is an issue due to the decentralized nature of crypto. No, this is an issue because Coinbase is struggling to process transactions during heavy load. The actual blockchain I was trying to move crypto on (Solana) is not struggling under load. The funny thing is this is only an issue as I don't invest in SOL. If this was Ethereum, Binance, Avalanche, or Cosmos as some examples, I would easily move funds from a DEX over. I don't particularly care for SOL, but do sometimes move funds over to play around with smaller Solana gaming projects. Since I don't keep funds on SOL, I used some of my Coinbase funds to buy ORCA and move it to my Solana wallet (to then convert on a DEX). But it looks like I am going to be stuck holding some ORCA for how many ever hours it takes to process the pending transaction. /rant
So i see ORCA in the top movers quite often. Is there any utility in it?
$ORCA is bleeding now. I'm buying dips below $3.50.
I like ORCA. I'm not sure what it does. But has a cool logo, and Oracs can tip over boats among various other Orca things. StorJ looks cool. Time to set up a node. Machine-to-machine crypto bidding wars for resources. AWS for a lot cheaper. Fun stuff.
SOL looks like it's ready to pump again. Already loaded a bag of PYTH, RAY and ORCA.
Yeah, I've earned the following airdrops personally: Secretswap Uniswap 1inch Paraswap Jup Prime OSMO JITO ORCA TIA DYM and at least 10 more that I can't recall.
ORCA dying like it lives in Seaworld
ORCA ORCA!!! All my whale gains…no…
U.I and user experience. It's fantastic to actually use after trying many others. It's almost like Apple helped them with their U.I, it's that good/ easy. Messing around on JUP and ORCA is just plain fun. And we all know from the iPhone how important a good UI is...
This is the only sensible list I've seen here as it's not stuck in the last cycle. I'd prefer NTRN to MINA, as it is the only coin to accrue fees from the Cosmos ecosystem (ATOM does not). It might also make sense to look down chain on SOL and AVAX--ORCA, Qi, and BEAM, for example.
Anyone done a deep dive into ORCA? Been looking into it and it seems like they're doing the "selling shovels during the gold rush" thing but I'd appreciate any more information if anyone has it
ORCA is my new spirit animal for the upcoming bullrun 🥳
Been providing liquidity on ORCA for a few days on it, been hilarious to watch. SOL defi is actually pretty fun.
Yo oheson. Thoughts on ORCA? DEX on SOL
BTC is king. However, why have ETH when you can get exposure to it with UNI, which is more volatile. Same with SOL, such as with ORCA / RAY combo. MATIC you can have QUICK instead. Again, same exposure to these, but higher volatility.
I started on osmosis. Really beginner friendly. Learned about swaps, staking and LP from there. Moved into Luna. Still the best ecosystem UI/UX I've experienced in crypto. Sad that it's gone. Meddle a little with avax, gmx, Pendle. ETH is too expensive for shrimps like me.Now mainly just Kujir for ORCA
Now that's what I call an *ORCA*
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1151l7p/daily_general_discussion_february_18_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10pid71/daily_general_discussion_january_31_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10i5m0a/daily_general_discussion_january_22_2023_gmt0/).
I just ate like a fucking king off a coin called ORCA this weekend.
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10dwvz3/daily_general_discussion_january_17_2023_gmt0/).
Only heard bad things about SOL and BONK, first time seeing ORCA shilled. If anything has above 10% apr it’s temporary and/or a scam.
Don’t want to alarm y’all but there is a BONK/SOL pool on ORCA with a 540% APR, so I guess the only question is what color lambo?
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10b9r2e/daily_general_discussion_january_14_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10af5f6/daily_general_discussion_january_13_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10af5f6/daily_general_discussion_january_13_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/104enw6/daily_general_discussion_january_6_2023_gmt0/).
MEXC/HUOBI has it You can also use the phantom wallet and swap SOL to BONK through ORCA/Jupiter in the wallet's swap feature
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/101s3ds/daily_general_discussion_january_3_2023_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zzfobr/daily_general_discussion_december_31_2022_gmt0/).
There was just an increase in coins that are "not currently available for trading" from 16 to 25 including MIM, LUNA, MIR and ORCA. Seems pretty scummy withholding assets from users.
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zw0x98/daily_general_discussion_december_27_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zw0x98/daily_general_discussion_december_27_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zva4xx/daily_general_discussion_december_26_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zs5yaz/daily_general_discussion_december_22_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zr404c/daily_general_discussion_december_21_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zpcbey/daily_general_discussion_december_19_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zpcbey/daily_general_discussion_december_19_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zm6fit/daily_general_discussion_december_15_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zjfh30/daily_general_discussion_december_12_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zjfh30/daily_general_discussion_december_12_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zfimcz/daily_general_discussion_december_8_2022_gmt0/).
$SOL $ORCA https://cointelegraph.com/news/solana-based-market-maker-integrates-stripe-for-fiat-crypto-transactions
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zb26w4/daily_general_discussion_december_3_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zb26w4/daily_general_discussion_december_3_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z8aq27/daily_general_discussion_november_30_2022_gmt0/).
#Terra Con-Arguments Below is an argument written by Shippior which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra (Luna 2.0) with ticker [LUNA](https://coinmarketcap.com/nl/currencies/terra-luna-v2/) is the succesor of the original Terra, now rebranded as LUNA classic. Luna launched on the 27th of May 2022 amongst the chaos of the Terra bubble. In this bubble the stablecoin associated with the Terra ecosystem USTC (then UST) was depegged by several parties such that Terra and Bitcoin could be shorted as these would devaluate as a result of the the depeg. More about the collapse of Terra can be read [here](https://blog.chainalysis.com/reports/how-terrausd-collapsed/). > > Luna 2.0 was created (or rather much forked) by [Do Kwon](https://en.wikipedia.org/wiki/Do_Kwon), the inventor of the Terra ecosystem without a link to a stablecoin to provide the benefits that Luna brought without the risks of an algorithmic stablecoin attached to it. It was approved by the majority by vote (65.5%) on [proposal 1623](https://cosmosrun.info/terra-classic/gov/1623). LUNA was airdropped to both pre-attack as well as post-attack stakers and holders of LUNA and UST at the time the Terra collapse started on several chains according to pre-determined ratios. Luna 2.0 is, just as its predecessor based on Tendermint SDK which is also used by the Cosmos Hub. > > The first major disadvantage is that investors have lost a lot of faith due to the first attack. Many people have lost a lot of money, Terra 2.0 was an attempt to recoup some of that loss but it was not enough and that leaves many people salty. Currently the market cap of Luna 2.0 is below that of Luna Classic (1.7B vs 400mil according to coingecko). The trust in the chain is also limited due to the fact the aforementioned creater, Do Kwon, is faced by [several lawsuits](https://cryptobriefing.com/terras-do-kwon-facing-yet-another-lawsuit/) started by investors who lost money during the crash. Even before the crash Do Kwon was often heralded by the crypto community because he claimed to be all knowing and was overconfident of his knowledge and the performance of Luna Classic to the point of arrogance [[1]](https://twitter.com/stablekwon/status/1509319412674797572) and [[2]](https://twitter.com/stablekwon/status/1512604793365180421). > > Many developers have left the Terra ecosystem for other ecosystems. The transition to the Cosmos ecosystem is relatively easy as they are both based on Tenderminst SDK. Examples like ORCA (now [Kujira](https://kujira.app/)) and [Sei Protocol](https://www.seinetwork.io/). This is a logical decision as Cosmos has over [70,000 transactions](https://cosmoscan.net/cosmos/network-charts) and is only 6th in number of daily transactions in the Cosmos ecosystem a day versus [300,000 transactions](https://explorer.bitquery.io/terra/transactions) for Luna 2.0. Some teams have even completely abandoned the Terra ecosystem, one of the examples being [Messier](https://www.messier.art/), an NFT marketplace. Also other chains like [Polygon](https://twitter.com/polygonstudios/status/1529478832784396291?s=20&t=5wWnbqnTznjfn7TW71hjhg) have made funds available to poach developers and/or projects. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgtyd/coin_inquiries_terra_luna_20_conarguments_august/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z8aq27/daily_general_discussion_november_30_2022_gmt0/).
I never do automatic buys. Only big ball drops. And then it just kind of depends on my mood. Like... If I feel like going to a casino, or I just had to pay my bills, or something else that involves money on my mind... I'll drop 500 in one of the CEXs I use and buy more of a bag I'm already holding. Bonus points for when I feel the casino mood and I see a crypto I haven't heard of that makes me feel good. Like ORCA! (This is not financial advice, I honestly don't know what orca is or does, but I've got some!)
I like the simplicity, it is good for growth and reaching out of crypto. ​ saved you a click >PIP, a web3 service provider to traditional platforms, has achieved 10 out of 14 features in its 2nd quarter 2022 roadmap. Following the launch of its social tokens, the web3 platform has only four features left to introduce this 2nd quarter, namely PIP.ME social integrations, BSC integration, BNB Support, and BUSD Support. Later this year, PIP will launch its LinkedIn and GitHub integrations and token swaps features. To the uninitiated, PIP is a service that integrates web3 functionalities into legacy social platforms. Through PIP, users of services that can be integrated with cryptocurrencies can buy and sell NFTs and receive cryptocurrency tips. Interestingly, the platform can simply be installed as a free browser extension. Users can just connect their phantom wallets to PIP and then integrate their social media accounts like Twitter (NYSE:TWTR) and Twitch. According to information provided to CQ, now “PIP Button” can be integrated into the websites of content creators and service owners. This extension will allow their respective platforms to generate extra revenue streams. Notably, the service employs a no-coding payment button that aids any user to integrate blockchain payment systems to monetize their content even without coding knowledge. The feature requires no signups and account registrations. Content creators can just select a currency, customize the button, and embed the button on any of their websites. The PIP button currently supports Solana (SOL) for transactions, including trading pairs with USDC, PIP, SERUM, RAY, KIN, and ORCA, among others.
Yea, ORCA MANGO and AURY are 3 solana tokens i'm adding. Polis and Atlas if it keeps developing.
Explore all the Defi protocols you can. Can be quite fun. If you'd like keep a spreadsheet open to track your gains /losses. Some ideas where to explore : - Solana: decent ecosystem, and I'm actually making profit here. I like using the ORCA DEX (but there's more) - Algorand: growing ecosystem, new shiny DEX's to try out. I like Tinyman, but there's also yieldly and more. - Fantom: lots of options (spooky swap, tomb finance , etc), - Binance smart chain: pancake swap is a great option, This is just a start, there are many other options too
Its happening now $PUFF. Been killing the last 2 months and truth is that it has good utility and use case. The AMM on ORCA via Solana defi has been rad to me
I would buy a sol. Then take it orca defi, Swap half of it for PUFF which is the toekn of the stone Ape NFT's and provide liquidity to the SOL / PUFF pool, You will earn ORCA tokens and you can also double dip which pays out handsomely in PUFF. I turned two SOLS I purchased 2 months ago to $900 still in the pool earning 10 PUFFS a day. Check it out. PUFF is on a roll at the moment
I use ORCA to buy liquidations so I buy at local lows without worrying too much about the price. My recommendation is to look at the UST cap ratio to LUNA price. Based on that current fair price is $100, but if BTC moons, LUNA will moon too
On your last two points exactly, yes so liquidations actually happen on an individual basis there’s a new protocol that helps crowd fund it (quite fascinating too it’s ORCA). So by having my 1:3 collateral diversification and low TVL (Total Value Locked) which is how much you’re borrowing against your deposited collateral. Bonding Luna into bLuna doesn’t instantly make it collateral so it’s a neat form of arbitrage if you’re able to hone in on these technicals !
Does anyone else like the look of ORCA
I'm really hoping ORCA does well
>Anyone happen to know the smallest market caps available on Coinbase pro? Coinbase makes it easier to sort by market cap on the trade screen. While Coinbase and Coinbase Pro sometimes don't have identical lists, they are usually similar. KNC, INV, MCO2, ORCA, and WCFG are some of the smaller ones when I sort the list. Note I am not a micro-cap buyer, so I typically don't look at small cryptos in the sub-billion dollar range.
Do you think ORCA has much potential?
Was listed awhile ago though, not today and ORCA was listed at the same time and isn't up like that at all.
"@SolChicksNFT are creating the next leading VC-backed P2E fantasy game on @solana 3rd minting of NFTs will be listed on BinanceNFT (TBA). Their $CHICKS token are listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA! Go check it out! solchicks.io"
Funny. Yesterday I bought a nice bag of ORCA. Then it gets listed on Coinbase. Then Coinbase backs off because "order books failed to meet the metrics we require to proceed to trading and have been paused". All in the same day. Any clue of what this means and what could happen now? Are they going to resume trading anytime soon? :\\
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
Daily Dose of Crypto : • Bitcoin dominance: 42.55% (-0.45%) • Cryptocurrency market cap: 1.712 Trillion Dollars (+1.96%) • BTC average transaction fee: $1.864 ( -3.51%) • ETH average gas Price: 122.79 Gwei (-8.60%) • 0x Protocol’s v4 release will soon let any project using the protocol’s smart contracts to offer swaps between non-fungible tokens • Coinbase on Monday began accepting inbound transfers of two Solana ecosystem tokens, FIDA and ORCA, confirming earlier reports. • Circle, has just reached a milestone of 50 billion USDC in circulation according to CoinGecko and a Feb. 1 tweet by company co-founder and CEO, Jeremy Allaire. • The total stablecoin supply currently stands at $177 billion, equating to around 9.7% of the total crypto market capitalization. Tether commands around 45% of that total, whereas Circle now takes a 29% share as the gap between them closes. • Cue Anchorage, a digital assets custodian, is in the final stages of bidding for a contract with the FDIC to act as a crypto asset management and solution provider. • Game publisher Team17 revealed plans to create Ethereum-based NFTs inspired by the Worms franchise. The announcement has received significant backlash on social media, with one game developer saying it will no longer work with Team17. • JP Morgan analysts have said that Bitcoin will struggle to get institutional adoption because of its volatility while Ethereum will face more competition from rival blockchains. • The latest bulletin covering the agenda for India's lower house of parliament includes “a lecture on understanding cryptocurrency” and its economic impact. The Cryptocurrency and Regulation of Official Digital Currency Bill do not appear as one of the 15 bills the government body will consider during its next session. • FTX has raised $400 million in a Series C round, which values the firm at $32 billion. • Crypto wallet Phantom has announced a $109 million Series B funding round led by Paradigm, an investment firm focused on crypto- and Web3-related companies. • Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16's Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need.
"$CHICKS token is listed on @gate_io! Gate.io is a top rated digital currency trading platform with a daily trading volume of US$12 billion, with over 1000 currencies available for trading. Go check them out! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
Does this have so ething to do with the “create associated account” events in my solana history that i didnt do? They were connected to a bunch of weird spl tokens, like GRAPE ORCA and SCAMTOKEN 🤣🤣none of which i added myself. Sometimes smaaaaaalll amounts of sol like 5 cents worth were transferred out of thousands of accounts plus tons of 5cent fees.
"$CHICKS tokens just listed on @gate_io! Gate.io is a top rated digital currency trading platform with a daily trading volume of US$12 billion, with over 1000 currencies available for trading. Go check them out! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"$CHICKS tokens just listed on @gate_io! Gate.io is a top rated digital currency trading platform with a daily trading volume of US$12 billion, with over 1000 currencies available for trading. Go check them out! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"$CHICKS tokens just listed on @gate_io! Gate.io is a top rated digital currency trading platform with a daily trading volume of US$12 billion, with over 1000 currencies available for trading. Go check them out! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"$CHICKS tokens just listed on @gate_io! Gate.io is a top rated digital currency trading platform with a daily trading volume of US$12 billion, with over 1000 currencies available for trading. Go check them out! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
"@SolChicksNFT are creating the next Axie Infinity on @solana. More game modes, 3D graphics, & better P2E mechanics! Secured 30+ partnerships & VC funding from the most prestigious VCs in the world! $CHICKS is listed on @gate_io! Also available on MEXC, Raydium, 1SOL, & ORCA!"
And it's only getting better, decentralized liquidations with ORCA, decentralized and automated arbitrage to help tighten the UST peg with WhiteWhale
There's no turning it off, and the initial distribution was not great, but the VCs don't hold 50% of the total supply. I think if you looked at the returns on ORCA, Raydium, Aldrin, or the nice stablecoin rates of mercurial you might find something in Solana that is there for you. These posters act like SOL is the only coin in an ecosystem of over 200. If it was only SOL then maybe there would be a problem, but there's a thriving and growing community or hard working developers. Check out all the coins listed on dexlab for an idea