RE: The Legal Basis of Cryptocurrency Forks
Hey, @blocktrades.
I appreciate the analysis on the legalities of forking. I didn't know that some folks thought it was an issue, since it's happened elsewhere with varying degrees of success.
I guess what I would be most interested in is knowing the legality of using a soft fork to effectively freeze, or however it should be phrased, the use of an account or accounts on an existing blockchain. Are there legal ramifications for that? What recourses does an account have in the event it happens to them?
For me, that's far more front and center, and frankly, I don't know the answer when it comes to cryptocurrency. I wonder if there's even precedent for it, and if so, how that turned out. If it hasn't happened prior to what happened here on STEEM, what are things that could realistically be done to legally reclaim use, providing that whatever terms there might be for having the soft fork removed were not met?
https://steemit.com/hive-122108/@muzito08/2w4m12-information-is-among-the-reason-why-some-of-us-here-we-are-still-living
Took one for the team. I clicked the link, so you don't have to. Inside I found:
#truth
lol
Forget @blocktrades' post, get this man on trending stat!
This triggered a wicked joke within my mind but I think I'll just bite my tongue this time.