Old Video Reveals Terra Founder Do Kwon Talking About The Kill Switch For The LUNA Network.
The Terra ecosystem is still reeling in pain after the recent price crash that affected Luna and UST.
The community is still waiting for Do Kwon’s team to implement a workable solution to restore the network to its previous glory. Luna was among the top 20 best crypto networks in the industry. Today, it’s at position 222 in the charts and the price is at $0.00019.
An old video of Do Kwon talking about Terra has now resurfaced and threw a spanner in the works. In the video, Kwon is heard saying that Terra has a kill switch for the network. He called it a “Protocol Armageddon.”
“Protocol Armageddon”
Do Kwon can be seen and heard in the video explaining how the kill switch would work. He says that were the kill switch to be activated, the Terra ecosystem would end within 24 hours. The company would burn the bridges and cut all ties with everyone after selling all its assets.
He said,
“We have sort of something called Protocol Armageddon at the company. So what Protocol Armageddon is, is that it’s a Kill Switch. So whenever we feel like we’re no longer in a position to be able to best serve the community, we pull the trigger and in 24-hours we’re gone. We burn all of our assets, we cut all of our ties, and it’s nothing. So that’s just in case things move a little bit faster than we’re anticipating.”
This particular clip is now a subject of intense backlash within the crypto community, with a lot of people expressing their disappointment with Do Kwon and his team.
Woah. Do Kwon describing Terra's "Protocol Armageddon" in 2021. "A kill switch" where TFL "pulls the trigger" and disappears from the project after cutting all of their ties – "in 24 hours we're gone." Is this potentially related to what's happening with Terra 2 this week? pic.twitter.com/jFDx0zLcIy
— FatMan (@FatManTerra) May 20, 2022
Did He Do It?
While the video circulates, speculations are abounding on whether Do Kwon predicted the collapse of the Terra ecosystem and whether he may have played a part in it. In another video, Do Kwon is seen and heard saying that it’s exciting to start from nothing and end with nothing. He calls it “the cycle of life.” The Terra found goes on to opine that “that is where I want to be.”
A user @TajoCrypto comments “Apart from Do Kwon saying that Terra has a kill switch, he also said that it’s exciting to start with nothing and end with nothing. Those were when he believed he was in total control of everything happening in Luna and that his tech can only be stopped by him.”
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