The owner of a major node that is a validator on Terra is unhappy with the manner in which events played out, which led to the demise of the chain. He believes that a brand fresh blockchain is developed to replace it.

After the dust has settled from the Terra ecosystem’s collapse and the community is deciding which next step will be the CEO of a validator-runner located in South Korea thinks the old Terra chain should be shut down for good.

Jiyun Kim, CEO of DSRV, a blockchain-related company DSRV has written an opinion blog on behalf of himself explaining the ways in which the Terra team threw caution to the idea of stopping block production , even as the LUNA prices fell and the Terra USD (UST) stablecoin was taken off the market. The CEO is now urging validators within the Terra community to disavow the idea of a hard fork and instead of a completely new blockchain that is community-driven.

DSRV has as a validator Node located on Terra with 9.36 percent of the on-chain voting capacity. DSRV has been through the same as every investor since its node taken in 14 billion LUNA around one million LUNA as of May 8, that is now worth $3 million.

Kim stated that her decision to end this chain on May 12 was not thought to be a risk and was backed by members of the Terra Validator League, which was changed to”Terra Rebirth League “Terra Rebirth League”. But, he claimed that the Terra team did not provide an appropriate notification with the word “Confirm” to ensure that all validators were aware that they must stop the chain, leaving Kim in a state of “betrayed.” He wrote:

“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”

Terra creator Do Kwon proposed reconstituting the chain and resetting the token supply up to one billion LUNA on the 13th of May. Kim seems to be completely in disagreement with Kwon according to his blog post that using this 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 could be additional details to the story, like Kim posted in his blog that the control of the validator league is now transferring in the hands of the public, thereby providing some appearance of decentralization which could help shield Terra Terra team from any further legal obligations. Kim was curious if the team is in the process of preparing for the looming legal challenges through asking “maybe this can be used to mitigate their legal risk?”

Wu Blockchain tweeted on May 14 that a resident from Singapore has sued Do Kwon for UST and LUNA investors.

Kim stated to Cointelegraph in May that he would like to “save the community” but there’s no central coordinator of victim assistance efforts “because there are still legal issues there.”

“I’m not a hero, but I really want to save people.”

In May 8 a sale of UST tokens caused an uproar, which ultimately led for the value of LUNA drop from $73 to a tiny $0.000000999967 on May 13 , according the CoinGecko. UST is still a tepid depeg from the dollar with a price of $0.16 and LUNA is almost worthless, and has fallen 30.8 percent in the past 24 hours to $0.00026619.

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