"The legal system will most likely recognize the business' rights..."
Having some familiarity with US courts, I have zero confidence in this. The US court system is the best money can buy, and this is proven over and over in rulings. The best lawyers are the worst people, and this goes double for judges, as well as legislators that control them through the confirmation process. Need I even mention the unfortunate affect of the nominating executive?
In jurisdictions where judges are elected, all the problems of representative democracy apply, and few pay much attention to judicial elections, which is reflected in the low numbers of votes cast in those elections.
Money talks, and therefore walks all over poverty, which bears all the costs in systems dominated by stake weighting. Exceptions but prove the rule.
A huge barrier to legal action based on Steem is that pseudonymity is potential here, and creates effective immunity. Given my confidence and expectations in and of courts, I actually think this is a good thing, particularly due to the effect of stake on the courts.
Individuals have been personally linked to actionable torts on Steem, and to my knowledge no legal actions have been undertaken to date. Such tortuous acts have included death threats, sexual harassment, and libel, and the evidence remains in the blockchain making liability easily provable.
This is much of the basis for why I suspect Steem is being killed deliberately, because absent nominal payment to the witnesses, that evidence filled blockchain is likely to be deleted when the witnesses move on.
But...
The blockchain is a public ledger system which is currently not deleted and easily copied for any purpose whatsoever including future legal actions.
So, purposeful deletion of the blockchain is unlikely to result in complete deletion of any such evidence. No one can be quite sure that there aren't multiple copies being made every few days.
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This is very true, and entirely possible, and I actually think there are folks undertaking to do so.
I hope they succeed, without reservation whatsoever.
If they're not, there must be reasons for it. For myself, I reckon I have no cause of action, and neither any capacity to undertake such expense in time and treasure.
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