Forking will kill the chain altogether. If you think there’s no trust for Luna due to the death spiral, just wait to see what happens post-fork. We’d immediately see whales and teams dumping or swapping. IMO, this proposal, coupled with liquidating of the coins the team bought to back UST, in order to buy and burn luna is the best way forward, along with requiring users of luna’s services to pay for those services using luna, which is immediately burned. If the best plan they have is to simply fork and pretend this never happened, the new chain is already dead and anyone providing liquidity won’t even be a speedbump on the path to 0
2 Likes