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RE: Snake Oil, Psychopaths & Hedera Hashgraph
Well the justification for that, which they were at pains to stress, was to stop forking of the code. Who knows if this is a better approach than squabbling for years about things like the blocksize.
That's a bit of a bad justification given that code forking has only been followed by extreme growth and increased innovation in the blockchain space.
The drama in Bitcoin was caused by Bitcoin refusing to fork for so long, thus not allowing different philosophies to compete in a free market.
I agree with you and I think closed controlled code only stifles innovation.