It is interesting to study Bitshares as a DPoS test case example where a social 51% attack is stealing funds from the minority dissenters:
https://bitsharestalk.org/index.php?topic=10214.0Reasons delegates mostly approve the merger:
1) Conflict between BTSX and VOTE. ( One developer was able to leverage his time creating a competing DAC betraying what investors paid him to focus on. This is than used to motivate stakeholders and other delegates into accepting a dilution in hopes of not introducing competition. )
2) Complexity. Invictus created a clusterfuck with multiple tokens PTS/AGS/BTSX/ and multiple DACs. The merger is a hope to clean up this confusion
3) Need for capital infusion. Invictus and developers are blowing through their IPO cash and will soon run out. Additionally, they realize they are so far behind and competition is so fierce they need a ton of capital to not get squashed with a big marketing campaign