Where does the $LUNA community go from here? As the dust settles from the Terra ecosystem crash and the community decides the next steps, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.
) prices crashed and its TerraUSD stablecoin was depegged. He now urges validators in the Terra ecosystem to reject a hard fork in favor of a brand new community-driven blockchain.a validator node on Terra with 9.36% of the on-chain voting power. DSRV has suffered as much as any investor because its node had collected 14 billion LUNA, worth about $1 trillion by May 8, which is now worth about $3 million.
“And the announcement that they made [made it sound like] the chain restart was originally the validator’s opinion. YES, they didn’t use the term ‘Confirm.’”and resetting token supply to 1 billion LUNA on Friday. Kim appears to completely disagree with Kwon as he wrote in his post that re-using the Terra chain “is completely making Terra chain’s internal value to 0:”
“The previous Terra chain should permanently vanish. And a completely new chain driven by the community should [be made to] save the Lunatics.” There may be more to the story, as Kim wrote in his post that validator league control has been relinquished to the community, giving a semblance of decentralization, which could potentially protect the Terra team from further legal burdens.
A user on reddit claimed to have sent a police report have been made against Do Kwon, on behalf of UST and Luna investors. He said at least 1,000 Singapore citizens have invested in Luna and UST.
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