
Your story may not have so such a happy beginning but that doesn't make you who you are, it is the rest of your story. #LUNC holder since 2022
Burkina Faso
Joined December 2021
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Hi @x please unsuspend @greenpeace06_09 his account is one of the a few that provides actual education in the $lunc chain we have a lot of scammers that suggest getting layer 2 coins , and people that are just blatantly scamming, #fightforwhatsright
LUNC Kid🌕 retweeted
Hi @x please unsuspend @greenpeace06_09 his account is one of the a few that provides actual education in the $lunc chain we have a lot of scammers that suggest getting layer 2 coins , and people that are just blatantly scamming........
Why Are There Two Terra Chains and Two Tokens, LUNC and LUNA?
It all goes back to Terra’s (@terra_money) collapse in May 2022, when its algorithmic stablecoin TerraUSD ($UST) lost its dollar peg.
The collapse triggered a death spiral. As UST struggled to recover, the protocol minted more LUNA, flooding the market and sending both tokens into a historic crash.
But the Terra community chose two different paths forward.
(1) Terra Classic (terra-luna:native)
The original Terra blockchain continued operating after the collapse under the name Terra Classic.
Its original LUNA token was renamed Luna Classic (LUNC), while UST became TerraClassicUSD ($USTC).
The community continued working on the original network, including governance decisions and efforts to address its huge token supply.
(2) Terra 2.0 (base:0x55cd6469f597452b5a7536e2cd98fde4c1247ee4)
In May 2022, the community approved a proposal to launch a new Terra blockchain, which went live on May 28, 2022.
The new network retained the Terra name and the LUNA ticker but did not revive the original UST algorithmic stablecoin mechanism.
It was intended to give developers and applications a fresh start after the collapse.
(3) Why Are There Two Tokens?
LUNC belongs to the original Terra Classic chain, while LUNA belongs to the newer Terra 2.0 network.
They have separate token supplies, governance systems, and ecosystems. They are not interchangeable, and holding one does not mean holding the other.
Terraform Labs wound down its operations in 2024, so both chains are now community-run.
Both networks have continued independently, with their futures depending on development, community participation, adoption, and market conditions.
LUNC Kid🌕 retweeted
Vitalik's math score: 99.99/100
My math score: 0.01/100
So, together, we might make it into something... 🤣
(interesting thread 👇 to read, even if you understand as little as I do)
I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography.
The core new area of risk from this viewpoint is, unfortunately, ML-DSA / FHE / lattices.
(and it's also another reason, along with quantum, why ECDSA might fall even faster than expected, hence the "fresh address" recommendation)
So far most people have been in the mode of thinking "elliptic curves broken, hashes safe, lattices safe". But there is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math.
The basic threat model is: factoring is something that naively takes 2^(n/2) time, but over decades smart people have found and optimized number field sieves, and degraded that to 2^O(n^(1/3)), which is why RSA keys and signatures need to be ~400 bytes (and not 64 bytes). What if there are skeletons in the closet like that, both for elliptic curves and lattices, that we are simply not smart enough to discover - but bots soon will be?
This is a major part of the reason why for the past year ethereum's lean roadmap has been going in the "hash-only" direction: no lattices, no ML-DSA, no Falcon, no lattice-based commitments inside ZK proofs, etc. Signatures in lean ethereum are all hash-based, either WOTS or SPHINCS-.
For signatures and proofs, we already know how to go hash-only. The bigger challenge is for *public-key encryption* - and this goes far beyond blockchains. Secure communication, anonymizing protocols, lots of things need public-key encryption.
And unfortunately there are long-standing mathematical theorems showing why public-key encryption cannot be done with hashes alone. You have to have some kind of trapdoor object that has at least one form of usable "structure" - either group theory (incl. isogenies) or lattices or code-based or potentially in the future even more newfangled and spooky things (local mixing?). But for anything that has structure, you should assume that AI will make at least some progress in breaking that structure. Here, one reasonable inference is that if you want to make something plausibly long-term secure, multiply the key sizes by 10.
To me that's a very plausible world and something not at all extreme to predict. If AI will bring us 50 years of math in 2 years, then that 50 years of math may very plausibly include a "naive factoring -> GNFS" level of improvement to our ability to break lattices. In that world, lattices will still exist, but they will have to be significantly bigger to guarantee the same level of safety.
And at those new larger sizes, hash-based constructions will beat lattice-based constructions on concrete efficiency in every use case where hash-based constructions are possible at all.
Theoretically, of course it's possible that hashes are broken too (eg. P = NP would imply that). But I think P = NP is very unlikely. And intuitively, it's much more likely that a mathematical object has exactly no exploitable structure (like hashes are intended to), than that a mathematical object has exactly ~3 forms of exploitable structure (for elliptic curves: associativity, Schoof, pairings) and not some secret fourth form of structure we have not yet discovered that greatly degrades its security (for elliptic curves, ECDLP and pairing security). Similar for LWE, SVP, RLWE and the zoo of lattice problems.
For this reason, we do not yet see any reason to worry and start padding the byte size of hashes (if we start to worry more, we would pad the round count first before doing anything to the byte size).
Concrete TLDR, my own personal views:
* Hash-based > lattice-based, in those situations where hash-based is possible at all
* For anything lattice-based, be much more paranoid on param sizes. Remember that blockchains are only a small portion of the cryptography story; this point goes far beyond blockchains and applies to eg. access to websites, secure messaging, Tor / VPNs ...
* For privacy protocols, strongly favor NOT putting encrypted notes onchain. Instead, send them offchain through some third-party mechanism.
* If it's not difficult for you, keeping your funds in addresses which have not yet been used to make a transaction is a good idea. If it's easy for you, do it. **But be careful about migrations; I personally have lost more money in botched migrations than I have lost in all hacks combined**.
* For multisig wallets, doing confirmations offchain is better than onchain, because this way the signatures of signer wallets do not get exposed to the public, so if ECDSA falls to AI much faster than expected, at least the multisig "gracefully degrades" to a 1-of-1 where the 1 is whoever was gathering the signatures - a much better place to be than "anyone can take the money"
firefly.social/post/x/210783…
LUNC Kid🌕 retweeted
The @terra_money ecosystem is one that has certainly had a difficult past. But that hasn't stopped the $LUNC community from trying to rebuild something of significance... ⬇️
bsc.news/post/terra-classic-…
LUNC Kid🌕 retweeted
JUST IN: 🇺🇸 CFTC says it's going to "provide a federally regulated path for crypto."
LUNC Kid🌕 retweeted
BREAKING: 🇺🇸 CFTC Chair Mike Selig says they will regulate crypto themselves after Congress failed to pass the crypto clarity Act.
CRYPTO CLARITY IS COMING !!
LUNC Kid🌕 retweeted
Replying to @BNBCHAIN @TheBlockCo
Why Terra Classic's LUNC used to be called LUNA
In May 2022, Terra's UST stablecoin lost its dollar peg. Terra voters then passed Proposal 1623 to start a new chain without UST, which went live at the end of that month.
The new chain took the Terra and LUNA names, starting from block zero with no shared history. Holders of the old tokens received new LUNA by airdrop.
The original chain became Terra Classic, with LUNA renamed terra-luna:native and UST renamed $USTC. Terra Classic kept running as a community-run chain, with terra-luna:native as its native token.











