It is theft plain and simple. You can try to explain it away through industry lingo but the law of the land states differently. What occurred is theft and can be prosecuted by law.
The possibility of the people affected to regain their funds via fork was close to zero and Justin used that fact to steal the money.
The judge will see it that way as well.
Oh but they could have run their own version!
While technically they could have, practically that would lead to nothing.
The "land" of a borderless network. You're out of your element.
I've already told you what is going to happen. Steemit will be convicted of securities fraud and theft. Steemit will then dump all their coins and then conveniently be "hacked" and declare bankruptcy. Hive whales will get none of their money back, and the result of this lawsuit is that everyone who believed in Steem will get totally fucked over.
There is no magical victory here.
End of story.
Laws related to murder and theft are almost universal across the board in the sense of "its wrong", "how its determined", "how its described". And really all that matters is Steemit.inc and Justin Sun being based in Texas US, Justin living in San Fran.
Its the industry lingo that comes second to already established societal norms.
What you wrote here shows a very cryptocentric view of the world. That the rest of the world will adjust to your values, to your rules and your determination of things. When the opposite is what will be happening.
Maybe, maybe not. Steem is a security without a doubt, but if it is significant enough to be picked up by the US government, thats another story. The relative niche area crypto operates in is what is keeping a lot of shit that happens in crypto from getting mainstream attention.
Of course there is. We already won. We got HIVE. We got so many fucking eyes on HIVE. We got ourselves listed and every despicable shit Justin Sun does is an opportunity to get more eyes on HIVE.
_I mean its fucked up and it is theft, but do you really think im tweeting about this because im wholly distressed about some guys i dont really know lost some money, most of whom dont even like me.
The magical win is milking the last drop out of this.
You writing this post telling us we cant win is a very strange thing to write.