Will be interesting to see how strongly they protest when nem increases in value even more. At 3k sats they will be hordes.
Probably not. Ever since I joined this thread, there've only been two or perhaps three including the latest contenda.
There's a theoretical upper bound; it can't be more than the number of deemed sockpuppets during the cleanouts.
at some point (100K?) people will threaten to lawyer up to get their stakes, like the Winklevii did with FB. At what marketcap is a NEM stake of ~2M coins worth going to court over? Could banned socks sell their 'claims' to a vulture fund? If you look at what UP actually said when NEM was launched there was some obvious back peddling on the rules & policy on the run. Could be very interesting to hear a lawyers opinion on the chances of fighting for a stake worth 1M USD
NEM is a non entity. There is no locus standi. Hence it won't hold water in court.
You might be right ... I don't know. The more valuable NEM becomes the greater the chance someone will at least consider trying this, especially as the coins still exist in community controlled accounts, so there's still a hypothetical chance of someone recovering them, and there's a possibility of finding UP who set everything in motion.
Under what jurisdiction should that be? This is all too difficult. There wasn't anything to start with and there were clear instructions to follow then.
It's difficult now, and not worth bothering with until a NEM stake was worth many multiples more than it is today, but later it might be. I'm just speculating here, but the 'law' is not about right & wrong, or morality, it's another thing entirely ... what outcome can be achieved in a court of law.
I speculate the jurisdiction would likely be wherever UP was based (USA? .. didn't he claim to be an academic working on a PhD), and his early posts from Jan 2014 on NEM would be hugely relevant to whether later stakeholder culling broke any 'contracts' and were thus was 'illegal'. USA is very litigious society, so it's possible someone there would consider this if the money at stake was large, especially if UP's identity was known.
edit: how would this statement from UP be interpreted legally in the USA?
