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RE: My theory on how EOS will attempt a hostile takeover
Good point, but that wheel is already spinning. Many cryptos on the ETH platform has already planned to make the switch and with a billion dollars to grease some wheels im pretty sure adoption will be swift.
Another thing that might happen is if SEC consider the 2014 Ether distribution as securities, then every ICO will be considered as such and it will be a cryptoblood bath. not to mention most exchanges and companies who issued ICO needs to be shutdown and or meet securities law. I bet very few cryptos will survive it.
This would be a major issue if they had not already been given a green light. Last hearing it was pretty clear that they had the nod of approval.