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The network has always been secured by decentralization and game theory, not a lack of software or technical inability to seize funds.
The truth is that with the airdrop blacklist the Hive witnesses have shown that they can and will take funds away as well.
Not granting tokens in a newly created branch chain (Hive did not exist before March 20th and nobody was entitled to Hive before it existed) is very much not the same. You can't have something that you never had 'seized' from you.
RE: Hive vs Steem Stats - Saturday, June 13, 2020