The 70% rule can be overruled by an offer , say a 35%. by a 51% computing power "attack". but unlike in bitcoin such an "attack" is part of the fair game. It is in actual the most important factor of the game. Unlike bitcoin it is not devastating to the entire ecosystem but rather the incentive itself that prop up the entire ecosystem..
So to recap, just like in life itself the tau will end up running on the verge of the 50% agreement at all times. while power will tend to concentrate to reach that benchmark, it will be decentralized up to the last user. but more so.......
I'll keep my reply to this brief(ish) here. Ultimately this is part of the (much bigger) discussion from the channel about the "implicit vote" aspect of the system. You are not exactly wrong in anything that you've put, but these are a bit "deeper" details than what Klosure was really looking for, I think.
We generally like to keep the discussion "simple" in our hypothetical scenarios about post-genesis operation, by assuming that consensus proceeds normally by only "on chain mechanics." You are correct in that such mechanics are not really the totality of the story - it is not actually as simple as "vote per the rules" alone. There are, of course, actually two additional ways besides "per the rules" that rules can be manipulated!
First, a sufficient number of users simply choosing to diverge their rule selection from that of the rest of the network. In other words, if a majority of users decide to stray from protocols as decided upon mechanically, and instead follow protocol as decided upon personally, then the network will "follow" the users, despite the new protocol direction being in contradiction with the systematically accepted rules. This is the scenario that you describe, and it is what we call the "implicit vote" mechanism. Technically this same mechanism exists, verbatim, in bitcoin. If suddenly a majority of users decided to block the addresses of a dominant miner, it wouldn't matter how much hash-rate that miner ramped up, they could not continue to produce btc blocks. This is a form of soft fork.
Second, there is a (quite related) aspect of tau which we refer to as "going mao." This is where the structuring of the rules (at some context) reaches a point at which the semantics of that context become such that it is no longer the case that all participants in that context are allowed to know (have divulged to them) all rules within the context. By this mechanism, also, the system can be structured such that rule selection decisions are not longer necessarily entirely "on chain" and per protocol. This one does not exactly have a direct parallel in bitcoin, except as a loose comparison to a special sort of hard fork. For tau, this is generally considered something of an "ultimate fail-safe" mechanism for controlling contexts, but is usually seen as something of a "nuclear devastation" option. It allows for the ability to "revert" a contexts control no matter what scenario has occurred within the rules, but also leaves the knowledgebase of that context (after the event) in a state in which the system can no longer offer all of the same level of assurances to it's users about safety and security of their operation within the network. This is generally regarded as something of a last resort option for context survival, and the general consensus among our team is that users should generally be quite wary of participating in contexts which have gone this route.
(Of course, as in bitcoin, there is also always the third option of straight up hard forks of the core! This would also be the only way to change *genesis* rules, and starting from an alternate genesis hash is considered a fork of the core. However, this is a bit different from what we are really talking about here... which is rule manipulation "on chain.")
However, it is much easier to conceptualize and discuss the basic mechanics of tau without going into the details of these two "context panic button" related aspects, particularly for new people who do not have the same background/exposure to our discussions. It is generally assumed that these two aspects of the mechanics will only rarely be of concern, and will not be the normal course of operation for tau contexts. (We might be wrong. It might turn out, somehow, that users decide that in their post-genesis world it is actually better, for some unknown-to-us-now reason, to leverage the implicit vote and/or changing from nomic to mao as a common matter of course. I can't possibly imagine that this will be the outcome, as there are lot of caveats and potential "dangers" to users that arise out of both of these mechanisms, so personally I suspect that these will always be regarded as nothing more than "fail-safes" reserved for only the most extreme circumstances within a context, and will rarely be employed.)
Yes there is one concern here. a concern that all my resources will go to "fight" for my voice, but I believe that this will happened only at times of chaos. At most times the entire ecosystem will operate on some balance and most users will be able to allocate their resources to different tasks on the network, tasks which meets their broader goals. However at time of need they will be able to pull it out in order to support an essential change in the network constituting rules. The simplicity of reallocation of power on the tauchain network thru the Agora layer will make the use of the of that supercomputer most appealing to all tau chain participants, thus a good investment in the token.
This speaks quite directly to another point that comes up in the IRC from time to time: allocation of resource. Unlike in btc, where mining is "easy" in that there is only one task to direct all resource toward so mining rigs are basically "set it and forget it," on tau there will always be a decision point when volunteering resources to the network. The contributor always has to make some choice of "where and how" to apply their contributed resource. The canonical example is whether to put work toward deepening the root chain with your context pegged, versus work toward deepening your context's chain itself. Indeed, as you point out, it will be the balance of these trade-offs in resource contribution selections that will keep tau well stabilized and "directed" over time. (At least that is the hope!)
However, I am not sure that I agree entirely with your analysis of how this affects the Agoras token. Specifically, I don't think there is ever a realistic circumstance (assuming all actors are rational) where the agoras resources could be meaningfully "redirected" as resource contribution back into tau itself in order to influence root rules. The problem that I see, here, is that if there is some decision point to be made on root, the *original* contributors of the resource into Agoras will divert all of this resource toward operation on root themselves, in hopes of influencing this root chain decision point toward *their* favored outcome, when possible. This means that such resource will not be available to Agoras users at that time, for them to leverage toward directing root. In other words, the person providing the resource into Agoras will have to decide if it is ultimately better for them to continue to rent that resource into agoras, effectively "selling" their influence over the rule direction, or if it is better to divert that resource themselves and ensure that any influence it can have is directed in the way that they desire. I would imagine that for any really meaningful change to tau, itself, at root (which we expect will be an extremely rare event anyway) the decision would almost always be to direct that resource at root themselves instead of continuing to rent. As such, I'm not sure that it is safe to assume any direct impact from such occurrences on the Agoras token's market value at all.
But then again, I could be entirely wrong on this point. This is not investment advice, and everyone should do their own considerations of this, and make their own decisions about such a matter!
Trying to speculate heavily, now, on the post-genesis nature of tau is, IMO, likely a fool's errand. It is very difficult to say what the dynamics will actually end up being in any longer term, and what a post-tau-genesis world will actually begin to look like, beyond simply "different."
(Woops, that did not end up as being very brief at all...)