There's a lot of concern over this Tron acquisition.

Hostile Takeover?

I'm having a hard time envisioning it.
I've never seen a hostile takeover in the cryptoverse.

What would it look like?

Well, I have to imagine new hostile-takeover witnesses would start getting elected in place of the ones we have now. Unfortunately every account gets 30 witness votes. Which is obviously ridiculous. This mechanic will make a hostile takeover easier.

We don't know how many of the current witnesses would sell out and support a hostile takeover, but if enough of the current witnesses opt for whatever dastardly deed Tron is planning (speculation) we'd have to start banning accounts that support the attackers and sending their stake to @null. What a contentious hardfork that would be.

The closest thing we have to compare to this is the Ethereum DAO hack. However, that was just a thief and not just a single stake holder trying to control the network.

What are we willing to do to save the network?

In the face of extinction the luxury of censorship resistance goes out the window. You can't have censorship resistance during a hostile takeover that's about to be successful. The network has to be forked to cut out the cancer of the bad actors.

Conclusion

In the event of hostile takeover: fork all stake that supports the takeover to @null and start fresh. Hey does this mean we can change the name of this network to something that doesn't get 100% confused with the obvious gaming service?

I really had a lot more to say about this topic but speculating when I should just be waiting a day has finally got to me.

I remember stating long ago that we needed to push for 3-5 witness votes per account. Made sense then, makes even more sense now.

"...we'd have to start banning accounts that support the attackers and sending their stake to @null. What a contentious hardfork that would be."

Don't think I could support that. I'd rather just fork.

"In the face of extinction the luxury of censorship resistance goes out the window."

Might as well throw out this baby with that bathwater. I strongly disagree that we cannot afford forthright and at will speech during any event whatsoever, particularly not during consideration of changes to a free speech platform.

Thanks!

probably shouldn't talk last resort tactics first.

You're upping the drama to new levels! Have a DRAMA.

^{To view or trade DRAMA go to steem-engine.com.}

Looking for some of the big players post on this stuff, just heard of the tron situation happening a couple hours ago lol behind on my Steem news it seems!

I on board with whatever the crowd decides, ultimately as long as my planned services function in whatever possible future, I'm ok. I just like having a "free internet database".

Yeah, I don't understand this whole swap talk. If I wanted Tron I would have bought some. Are they insinuating they will be nullifying Steem or something? I also worry what is going to happen to our Steem. Steemit owns the damn wallets.

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