Old videos are doing rounds on social media where Terra founder Do Kwon talks about the “Kill switch”. Do Kwon is hinting in the resurfaced videos that Terra is destined to go bust as they have “Protocol Armageddon”. He stated in the video that the Terra team can “pull the trigger, and within 24 hours we are gone” He then continues by saying “we burn all our assets, we cut all of our ties, and its (Terra) nothing”.
Video 1 about “Terraform Labs having the KILL SWITCH” :
In another video which is from the same interview Do Kwon is talking about Terra “going back to nothing.” Here is 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 also said Terra going back to nothing is “Exciting”.
Video 2 about “Terra going back to nothing” :
Come on guys, we can do better than that this time. 2 already failed, and another one is incoming. Don’t think it’s a coincidence. Why would we invest in a project like that? Quick bucks? That about sums it up, but an overall very bad influence on cryptocurrency as a whole.