# CZ Binance Response To Fork Plan!

**URL:** <https://classic-agora.terra.money/t/cz-binance-response-to-fork-plan/12946>\
**Category:** General\
**Created:** [May 14, 2022, 1:26pm UTC](https://classic-agora.terra.money/t/cz-binance-response-to-fork-plan/12946 "2022-05-14T13:26:20Z")\
**Posts on this page:** 1\
**Showing post:** 127

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**Author:** ![gs390](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/gs390/32/3010_2.png) [@gs390](https://classic-agora.terra.money/u/gs390)\
**Post date:** [May 15, 2022, 7:40pm UTC](https://classic-agora.terra.money/t/cz-binance-response-to-fork-plan/12946/127 "2022-05-15T19:40:21Z")

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Fork can work, and has worked before.

Look at what Ethereum and ETC did in 2016.

Ethereum is a fork from original Ethereum Classic.

If the community view the forked chain as the primary chain, this chain will carry the most value forward.

The current $LUNA and $UST can be $LUNA-Classic and $UST-Classic.

New $LUNA2 and $UST2 can be forked, but will need better economics. E.g. new $UST2 cannot be issued with same 1:1 ratio, but instead will need to be issued at a discount.

The ecosystem won’t work with $18B outstanding $UST.

> [@\[Proposal\] Terra Ecosystem Revival Plan with $UST2 Stable Coin](https://classic-agora.terra.money/t/proposal-terra-ecosystem-revival-plan-with-ust2-stable-coin/15890):
>
> Summary There are a number of proposals to reset LUNA block chain. However, most did not address the importance of stable coin to the Terra Ecosystem, Terra Ecosystem won’t be Terra if it does not have stable coin and the protocols associated with it. Resetting Terra without stable coin, its ecosystem will not create significant value. Here is to propose to recover the Terra Ecosystem, keep the stable coin Ecosystem, while would be financially feasible: Reset Terra to May 7th, 2022, 00:00…

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