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RE: The Legal Basis of Cryptocurrency Forks

in #cryptocurrency4 years ago

When were Communities actually ready to be launched? And were we lied to by Steemit Inc. about the delivery timeline? Was delivery intentionally held back in order to facilitate the Sale of Stinc? You or anyone outside of Stinc may not know but these are just a few the questions that need to be answered. Many people made financial decisions based on possible mis representations made by Stinc. All of this proves how far we are from actual Decentralization, especially in the event that lawsuits start to fly and we need to bring in a 3rd party law firm to sort this all out.

This mess could have been avoided with clear, timely and truthful communication from Stinc as well as a Sale of Stinc being contingent upon the Ninja Mine Stake to continue to be used as promised by Stinc. Why not use a Smart Contract ?

This may have been the plan all along. Ninja Mine some Steem and make a stealthy exit with no regard for the chaos we are currently left in.

Steemit Inc is truly trustless and no more verbal agreements should ever be considered. Only consider Smart Contracts that execute upon breach of contract moving forward.

So, is it legal to punch someone in the face? Normally no, unless you are a boxer or if it's in self defense and you are being attacked. There may be forks that normally would not be legal but if the fork is done in self defense to defend yourself from lies, misrepresentations and damages then it most likely is legal.