The Terra ecosystem is still in pain after the recent price drop that impacted the LUNA and UST. The community is still waiting for Do Kwon’s team to implement a viable solution to restore the network to its former glory.
Old video of LUNA founder surfaced
An old video of Do Kwon talking about Terra has now resurfaced. In the video, Kwon can be heard saying that there is a kill switch for the Terra network. He called it “Protocol Armageddon”. Do Kwon can be seen and heard in the video explaining how the kill switch will work. He says that if there were a kill switch to activate, the Terra ecosystem would expire in 24 hours. After the company sold all its assets, it would burn everything and cut all ties with everyone. Kwon’s statements include the following statements:
There is something called Protocol Armageddon in the company. Protocol Armageddon, a kill switch. Therefore, whenever we feel that we are not in a position to best serve society, we pull the trigger and disappear within 24 hours. We burn all our possessions, we cut all ties – it’s nothing. That is, in case things move a little faster than we expected.
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
Community reacted
This particular clip is currently garnering intense backlash within the crypto community, with many people voicing their disappointment with Do Kwon and his team. While the video has been circulating, there has been a lot of speculation as to whether Do Kwon predicted the collapse of the Terra ecosystem and played a role in it. In another video, Do Kwon is seen and heard saying that it is exciting to start from scratch and finish the project with nothing. He calls it the “life cycle”.
One user commented, “Aside from Do Kwon saying that Terra has a kill switch, it’s exciting to start with nothing and end with nothing. said that. “These were times when he believed he was in complete control of everything that happened on Luna and that only his technology could be stopped by him.”
