What happens to tokens when the chain is no longer there?
The chain is there, as there are hundreds of copies of it.
Not sure what happens with the future hardforks and their organization, but I guess for now, it is baby steps to try not to fuck it all up.
Steemit.inc via their steemitblog has pretty much stated the next hard Fork was going to be the SMT Hard Fork, and that a shortened power down period would not be considered.
None of this is relevant now, "under new management"
I am hoping hat this will be a turning point for the betterment of Steem, but it might be a forking point to a new line of chains also.
That is the big problem it seems. Some parts, property, and promises made by a business carry over to the new company owners. If a bank is bought by another bank, and that bank holds a mortgage on your property the contractual requirements for that mortgage do not change.
The big sticking point seems to be contractual in regards to the ninja-mined stake.
Off topic, If they record this MSP waves Town hall meeting it is pretty interesting. Sounds like people are beginning to think and make plans.
Problem is, social contracts aren't very firm.
Yeah, the old style hand shake contract doesn't hold much weight any more.
!ENGAGE