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Interestingly, this happened not to a blockchain, but to a protocol: https://www.coindesk.com/steem-will-hard-fork-in-just-hours-over-community-fears-of-justin-
by arberx 5y ago
Interestingly, this happened not to a blockchain, but to a protocol: https://www.coindesk.com/steem-will-hard-fork-in-just-hours-over-community-fears-of-justin-sun-power-grab https://www.coindesk.com/steem-will-hard-fork-in-just-hours-...
Justin Sun planned to take over steem, what did the community do? Fork it, and remove his power.
What gives things legitimacy socially is our perception that things are legimiate. On blockchains, one could argue the majority can more easily take away abusive power.
- atc 5y agoEthereum hard forked the project because an institution pressured them https://www.coindesk.com/ethereum-executes-blockchain-hard-fork-return-dao-investor-funds https://www.coindesk.com/ethereum-executes-blockchain-hard-f.... Corrupt leadership susceptible to pressure. Zero decentralisation.