Terra Validator has published a communication thread between entities, including Do Kwon, as they prepare to open LUNA 2.0 after the Terra crash. The text logs demonstrate the bewilderment and despair that Terra insiders were experiencing after Luna’s passing.
The “Terra Rebirth League” (TRL) was the Telegram group from which the buzz was stolen, and had about 200 members. The debate that started on May 12 quickly turned into a mess with so many perspectives
Osmosis’s Do Kwon and Sunny Agarwal were among those who joined the discussion. In addition to high-profile people, validators, developers, and other important individuals participated in the conversation.
cause of mess
TRL was formed with “a dedicated persistent task force, run independently, always reviewing all attack vectors/vulnerabilities,” according to a forum member called Bigbee.
These goals were soon put to the test as the basic difficulties of coordinating such a large group of people became apparent. One of the initial issues was deciding where Terra should stop on the blockchain. At the same time, there were still many validator transactions going on
In the initial stages of the interaction, regular members of the community were requested to be involved. However, it was thought that this would do more harm than good. George Bunia of Sinknode opposed such demands, fearing that they would further confuse matters.
“I think such activities [sic] must be well planned and announced effectively,” JoseCity said of the organizational issues. He also said, “Actually, these types of Telegram discussions are difficult to track.”
A member named Rohit commented, “Never seen such uncertainty on something so serious.”
Also Du Kwon struggled to keep up with all the negotiations. “Can someone describe the issue?” he said at one point. “I’m a little surprised.”
The Terra 2.0 team had two things to look for
One of the group’s fears was whether they had enough voting power to influence and control Terra’s future fate. As the crisis progressed, it became clear that the gang had significant support to help them accomplish their goals.
The concern of what to do and when to do it still remains unanswered. Some, like Lido’s Kai Tuirin, prefer to allow things to settle down before making any major decisions.
“I think we should hold on a little longer, gentlemen,” said Tuirin. “It’s pointless to start now. On the wormhole side, there’s still no solution.” “Launching now will only invite more mess,” Tuirin continued.
On the contrary, it is clear that there was widespread pressure within the Terra forces, especially at the top levels.
In the end, the Terra Rebirth team waited for two factors to drop before trying to take action. The first was the reopening of the Wormhole Bridge, and the second was the consent of Do Kwon.
The Genesis Block was scheduled for Luna 2.0 on May 28. Terra has traveled an uphill road to get to this point, and the next leg of the journey won’t even be a cake walk.
At the time of writing, Terra (LUNA) is trading at $6.76 with an increase of 3.27 over the past 24 hours,
