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RE: Precarious positions
No offense taken, I guess I'm using myself as an example because I rather not involve others in my opinion. But it's not hard to imagine a "bad whale" being forked out, and who would be the judge of that?
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Yes, that would be much worse... like if everyone got together and forked @haejin's stake to @null or something. That would be pretty terrible.
However, again, I would make the argument that the backlash from that action would be much worse than the backlash from nullifying Steemit, and again, 1M is a lot less than 50M, so the backlash would be far worse than the benefits.
Also, DPOS needs to be a lot more careful than a chain like Ethereum. DPOS is a republic. If our elected officials start running around doing whatever they want because they own the majority of the platform it's all over. We'd be left with a broken system no better than central banking. A 51% attack can happen anywhere.