RE: There is no way forward without a hardfork?

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RE: There is no way forward without a hardfork?

onthewayout (59)in Steem Governance • 5 years ago (edited)

Owning the steemit brand is enough to start a fork. It then becomes a battle of public opinion over which is the "true" steem. Given the perception that steemit = steem I am not entirely sure that he would not have some success.

5 years ago in Steem Governance by onthewayout (59)

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lordbutterfly (70) 5 years ago

Anyone can start a fork... There is a big difference between starting a fork and remaining on the original chain for us.
If the community forked we would have a problem with exchanges since his chain would be the original one. With the soft fork we dont.
Now if he forks the general sentiment would be:

Well Justin bought some Steem and the community froze it, now hes starting his own chain.

Let him. The exchanges wouldnt budge much in that case.

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onthewayout (59) 5 years ago

Of course he would have to convince exchanges to list his coin in that hypothetical case but I would not underestimate the potential to just simply buy his way (he has a deep enough pocket to do it). But I agree that it would be much more difficult.

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