Terra Classic Core Developer Asserts No One Will Mint More LUNC

Developer spat over how to repeg USTC raises centralization concerns.

In a tweet on Tuesday, Tobias Andersen, AKA Zaradar, a Terra Classic core developer, asserted that no one would be minting more LUNC as long as he remains in charge. 

The statement comes in response to a proposal to mint 500 billion LUNC as part of a plan to restructure and repeg UST by Alex Forshaw.

“We can fix USTC without minting more LUNC,” Zaradar wrote. “Don’t make other peoples bad ideas my personal problem, and trust me when I say that as long as I’m in charge of the code, no one will be minting additional LUNC tokens.”

We can fix USTC without minting more LUNC. Don’t make other peoples bad ideas my personal problem and trust me when I say that as long as I’m in charge of the code no one will be minting additional LUNC tokens ? pic.twitter.com/oG2zFREvOO

— Tobias Andersen (@ZaradarTR) October 4, 2022

Consequently, Zaradar’s comments have sparked centralization concerns. Nonetheless, the developer has pointed out that some level of censorship is inevitable as there are only two core developers on the project.

When there are only two layer-1 devs working on the chain, weak censorship is unavoidable, but thats not the same as centralization. Feel free to bring in more devs if you want to help change the situation. 🙂

— Tobias Andersen (@ZaradarTR) October 4, 2022

Moreover, when asked if his stance would remain the same if the network votes for the proposal, Zaradar responded in the affirmative. Highlighting that he continues to work for free, he noted that he could not implement such a proposal but will also not stand in the way if the community can get others who will.

I work for free. I dont have to implement anything I cannot justify to myself, however people are welcome to find other devs who will ?

— Tobias Andersen (@ZaradarTR) October 4, 2022

While Zaradar’s statements have garnered the support of those opposed to the proposal, they have also highlighted the need for the community to find ways to fund development and attract developers to the network. 

It bears mentioning that TerracVita, a group comprising some key members of the Terra Rebels, launched a LUNC validator in September to do just that. 

The community awaits Zaradar’s USTC repeg proposal as debates continue over the proposal from Forshaw.