Imagine if Blackrock started buying Hive. What would happen?
So we talk about Hive being resistant to a takeover because in order to accumulate enough coins to control governance, price would literally go through the roof... and the risk of being forked out by the community you just made rich would always be there anyway.
You say that chances are that HIVE accumulated by the likes of Blackrock wouldn't even be powered up, but the risk of taking that chance is too high so would be viewed as an attack and treated exactly the same as the scenario above.
Where it gets interesting, is what level of ownership by whatever big player, would be viewed as "acceptable" by the community.
Obviously we want fresh money being pumped into the network, but we also don't want to sacrifice distribution.
Where is that balance and how does it get found?
Fascinating ;)
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At the same time hedge funds and VCs can hide their holdings on centralized exchanges that aren't going to rat them out.
The only way we'd know they were buying is if they actually declared their holdings.
And if they keep the money on the exchanges there's really no way to fork them out.
Also there'd be no reason to fork them out if the funds were hidden on exchanges.