HIve is a Spinoff

Blocktrades and the other Hive users that owned Steemit Inc are not entitled to anything related to Steemit LTD.

They believed that the Steem chain would wither and die.

Clearly, the hardfork was a case of divestment. Blockchain-based, never seen before.

Hive is the %49 of Steemit Inc owned by them. They are not entitled to anything related to Steemit LTD.

What they want to do with the pre-mined stake is completely up to them.

This makes the most sense. Law enforcement is going to get active on this anyway. Steemit LTD could help regulation. Blocktrades et al. arguments are weak. Clearly, Hive is a forked spinoff. They can pretend there isn't a centralized authority but when you can hack someone's account clearly there is.

They can explain to the SEC why they didn't register their company. Hive may be a security and liable for further scrutiny.

There strongest argument is that the community voted for it. However, the sequence of events was to fork first without feedback from the community and vote later when the fear of selling pressure can sway consensus. That is obviously rigged.

What they actually did was divested, and should acknowledge the company overseeing Hive as Blocktrades et al.

@justinsunsteemit I worked on this with my lawyer! When the time comes add me as a separate party. The loss of income is staggering! Time value of money is greater for some than for others. My first question was "Is my Hive collecting interest?".