FAQ: Can HOdlers vote to steal other HOdler's HOdlings?
I think we'd need to take precedence from company law - I'm pretty sure shareholders can't vote for the 51% to appropriate the shares of the 49%. Ideally we'd want some sort of constitution as to what motions can be valid, and what can't, but in the absence of that, I'd say whatever changes shareholders can typically make in a corporation are a good way to decide.
And yet, that is exactly what just happened. A small number of large HODLers voted to deprive all miners of earnings in order to try to prop up the value of their coins, sacrificing the integrity and long-term value of the coin in the process. If I were writing a "constitution" for a voting coin, rule #1 would be that one class of user cannot vote to punish another class of user for their own personal gain. And that is exactly what has been done.
These is an interesting point, and I've thought about it carefully, but as mentioned this kind of debate will happen over and over again and I don't want to repeat myself, so only going to continue this debate on the reddit thread.
Why not link Reddit to here for discussion. This is where the conversation started. Why run to another forum rather than answer here?