Two old videos are doing the rounds on social media where Terra founder Do Kwon talks about the infamous ‘Kill Switch’. Do Kwon is heard saying in the resurfaced videos hinting that Terra is destined to go bust as they have a “Protocol Armageddon”. He stated in the old video that the team can “pull the trigger and in 24-hours we’re gone.” He then continues saying “we burn all our assets, we cut all of our ties, and its (Terra) nothing.”
Here’s what Do Kwon is heard saying in the old resurfaced video about the ‘Kill Switch’ and ‘Protocol Armageddon’.
“We have sort of a… 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.”
You can watch the full video below:
In another video coming from the same interview, Do Kwon is heard talking and hinting about “going back to nothing.” Here’s what he said:
“It’s a cycle of life. You begin from nothing and go back to nothing. That’s exactly where I want to be. So I think Terra’s going to be a decentralized money standard across the entire blockchain, across all of the blockchains. And I’m excited for Terraform Labs to contribute a significant portion of that early vision, but eventually to go back to nothing.” He is also heard saying that going back to nothing is “Exciting”.
Watch the video below:
Do Kwon: The Curious Case of Kill Switch & Terra’s Downfall
Just days before TerraUST and LUNA crashed to $0, Do Kwon tried to dissolve Terra’s Korean entity.
However, Kwon gave out a statement saying that the dissolving of the company’s Korean entity was purely coincidental. He revealed that it had nothing to do with the crash but the timing was accidental. You can read more details about it here.
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