The primary issue I see is theft and respecting property rights. Homero created this coin and put the vast majority of them in his pocket. Fact. He owns them, done deal, it's over. Not saying I think it is a good thing or that I support Homero or his scheme in any way, shape, or form (obviously), but what we are talking about here is taking someone's property. Just because some people decide they don't like him does NOT give them the right to take his property. Example: If I were to start a Real Estate investment group with 100 shares, and held 49 shares and a group of investors held the other 51, it does NOT give them the right to hold a majority shareholder meeting and eliminate my shares to increase the value of their shares, regardless of what they think of me. That would simply not be legal. Do you think Mage would think it is a good idea to pull some monkeyshit like that with Litecoin? It would boost the value of the remaining coins- RIGHT? Pure genius. Why not do it? Get at least 51% of Litecoin holders together and eliminate the coins of whomever does not support them, or does not get the memo in time to get "validated" or those that wish to remain anonymous. Poof, Litecoin gets a huge price per coin boost.
So you are saying that Josh should keep his Coins? What about if a person received the Coins through illegitimate means? Does that mean that the person should keep the Coins, especially if they have near infinite selling power with them?
You statement about litecoin doing is false, because if you were just doing it where you would cut off a certain part of the Coins that don't agree with your views then that part would fight against it and sell their Coins and attack the value so you wouldn't be gaining any value by doing it.
Who decides what is "illegitimate means"? You? Me? Josh? Mage? TeamXPY? What Mage has been suggesting about seizing and burning coins is theft. FUCK Josh, this is not about him, if some group of people are allowed to to what they please with a crypto currency because they don't like someone the whole system is fucked- completely. The fact is that Homero created Paycoin and put most of them in his pocket. If you don't like it then don't buy any. Not liking how someone else decided to make a coin does not suddenly make it right to steal what is not yours. Josh owns them fucking coins, and stealing his coins will do a billion times more damage to the core principles of crypto than that scamming turd ever could no matter how many idiots he cons into buying them. If it is allowed to be done to one person (regardless of what you or I think of him- and trust me, I think Josh is a fucking turd) then crypto is not secure for anyone.