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RE: The IoT will Become a Means for Centralized Control: Future Forecast and Understanding your Options
Wouldn't you simply fork a currency that's been bought out by bad actors? Everything is open source.
You need to convince people to use it. Forking doesn't giving the same network affect.
And bad actors will come back or come new. BCH attempted to take out bad actors they thought were bad and now...
They are fighting within themselves.
Forking is too hard, it better if you just start a new one.
I said fork I meant clone. Seems like if a coin went totally belly up like that (being bought out by a single government) it wouldn't be hard to get people to make the switch.
Would work but the people using it would be cheated out by not having the coin. And if it was airdropped to them then the government could do technique to trick the new chain to airdrop to them as well. So no matter the users would lose out. No you might say isn't bitcoin the same just get all miners and boom done right? Well no.. you can keep blocking miners but no stakers. POS if 51% will continue to be 51% unless you block the 51% staker coins-decentralization much huh...
There is a reason why people say Bitcoin is sovereign state resistant and EOS is a Platform-grade Censorship Resistance.
About the only thing one can do is opt out, which is better than the current situation with statism, but that would probably be similar to deciding to leave behind your bank account for crypto. If you could see it coming in time and get out, that would help, but lke @sames said, the network effect would be severely damaged. Consensus failure is also possible. @dan has said that if 7 or more BP's were removed at once, then consensus could fail (I'm assuming he means in the same block). Blocks are very fast on EOS right now, so an attack would have to be timed to the millisecond.