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I imagine they sent the cease and desist letters to any prominent personality with stake in DAO that publicly advocated forking. They might try to sue sharehold
by deckar01 10y ago
I imagine they sent the cease and desist letters to any prominent personality with stake in DAO that publicly advocated forking. They might try to sue shareholders for inciting other shareholders to breach contract.
What makes it weird is that they can't just buy back the shares, because that wasn't in the contract. They have to convince the body controlling the currency, which backs the issued shares, to essentially invalidate and reprint a pallet of virtual cash.
Although the DAO shareholders don't necessarily have to participate in the fork for it to succeed, publicly advocating a fork, before the fork, in order to nullify a contract seems like it could be considered a breach of contract.