Aha! Now I get what you mean. But still if there would be a hardfork, the longest chain wins or where the most people are thus making the other chain worthless or less valuable?
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Aha! Now I get what you mean. But still if there would be a hardfork, the longest chain wins or where the most people are thus making the other chain worthless or less valuable?
Just as you say, as BTG, BCC, ETC, etc., have shown.
Given that Steem can be easily taken over with Mark Zuckerburg's lunch money, a platform considering using SMT to monetize content creation has to consider that their platform would become vulnerable to that takeover.
I have discussed this at length in prior posts, and in correspondence with folks at Stinc as well. Despite some assurances that this would be at least discussed, I haven't seen it happen.
A problem is that the founders' stakes are the ones that would be necessary to buy up the witnesses, and such an attack is basically a golden parachute for them.
For us, this is a problem. For them, it's a feature, and business model.
As refugees from Gargle, Fakebook, Twatter, etc., come here, the value of Steemit to oligarchs increases, and the likelihood of such a hostile takeover increases. SMT is potentially a huge increase in the value of Steem to censors, propagandists, and the like, as it may increase the number of platforms that can be controlled with the investment.