That is protection from hostile takeover.
For an individual to takeover Hive, they would need to buy a controlling stake of the HIVE supply.
Something that under today's token distribution would be all but impossible.
But say they were able to do an OTC deal with a few people, they would still need to buy HIVE off the market.
This would drive the price of HIVE through the roof and just increase their investment.
Say they did get enough coins to influence our DPoS governance where they could implement sock puppet witnesses, they STILL run the risk of having the community fork away.
Community is where the value is and after spending all that money, the fact there are no guarantees they own anything of value in the end, means we are all but bulletproof.
It's not just a theory either, we have proven that this is the case.
Posted Using LeoFinance Beta
Exactly - this is the strength that most people don't understand and, due to the newer changes to the chain in place, a hostile takeover (like the last) is even less possible now, as there are protections in place. There is also no reason to do it this way anyway, as this is not a business (in the same sense as Twitter) and then, changing it to be one, lessens the value it has.