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> "forking the currency like this is wrong because it'd be illegal if this was a company operating under US law" That's not my argument. My argument is that th
by JackC 9y ago
> "forking the currency like this is wrong because it'd be illegal if this was a company operating under US law"
That's not my argument. My argument is that there's a reason it's illegal under US law (and presumably in other functioning legal systems): because it has to be illegal for the game theory of vote-per-share corporations to work. Otherwise entering a corporation as a minority shareholder is irrational.
If you abandon the legal system's protection for minority shareholders, you're assuming that you don't need those protections -- that somehow cryptocurrency game theory works differently than the game theory of legal corporations. I suspect that's wrong. But either way, we have to at least be clear about the practical impact of Ethereum's hard fork in order to have the debate.