Grin Spickett Profile picture
Jan 1 10 tweets 7 min read
*The secret origins of #LUNCMERGE* 🤫

1/ I was shocked to wake up on this wondrous New Year

To see a blatantly false allegation by @ZaradarBH

@LUNCDAO did not "[come up with the idea]" of merging $lunc and $luna

This determined me to reveal the true originator ...
2/ First, what is "The Merge?"

It is the idea of somehow joining both #lunc (Luna Classic) and the newer #luna together

$luna 2.0 is not a "fork" of $lunc. It was a brand new chain, with entirely separate transaction history.

Next, why merge?
3/ Why merge?

Arguably, bringing chains together would make for an immediately robust ecosystem

More users - from $lunc
More d'apps and better tech - from $luna

Interchain Alliance and Feather 🪶protocol will make $luna the center of much ...
4/ $luna and Cosmos $atom are both making plays to help secure and promote other #cosmosecosystem chains

Merging in $lunc could expose those holders to the best, newest protocols in the Cosmos, simply by staking their coins

So who created the "merge?"
5/ In November last year, @luncdao came out publicly against private rumors of a merge proposal being written for governance review

They did not *at the time* support what was being discussed in smoky internet cafes

6/ Shortly thereafter, @mergeprotocol arose with screenshots of a d'App

This may have been the work of a *separate* group, having been heads down building in private, not the proposal group

@TheRyanLion dug into their scant details quite well

7/ Confusion was compounded by the emergence of a FALSE "mergeprotocoi" with a capital "I"

mergeprotocoi *looked* like "mergeprotocoL" due to Twitter's font

And they, for unknown reasons, built a Twitter following shortly after emergence of the real @mergeprotocol

now gone😮‍💨
8/ Indie art house darling of the $lunc and $luna world that I am,

I sometimes see things ahead of others with more influence than m

In early June, *I* discussed the possibility of a merge that would have created a new $ust from $luna 2.0 (at $1) ...

Fin/ Although my "merge" concept appears more possible now that $luna 2.0 is close to a dollar,

The true creator of the plain merge is none other than:

@gayonesia

Who proposed it to @stablekwon on May 16th, 2022

The #lunccommunity sees you! Namaste!

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More from @GrinSpickett

Dec 31, 2022
1/ Spontaneous thoughts on Anchor ( $Anc ) protocol

Since there's talk about revitalizing it

You're a diehard if you read all pages

⚓was the biggest draw for Terra Luna v1 (now $lunc)

Why?
2/ $Anc (Anchor) provided a frictionless savings account on $lunc

Much has been said that the 20% APY for depositing dollar stables was unsustainable

Yes it was unsustainable, but that wasn't really the problem

It was unsustainable at 20%, but not at something like 15% ... Chibi Do Kwon's head tops a silver anchor
3/ 15% ish yield on dollar stable was possible with $Anc, by the numbers

The real problem is ⚓ was *too* easy of a protocol

Too easy to deposit funds

*Far too easy to take funds out*

That contributed to the downfall of $ustc in May's attack ... An anchor is loosely planted in a sea of gold coins
Read 8 tweets

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