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RE: Time To Wake Up and Fix Steem's Voting Problem
This only means that witnesses can block change, not that witnesses can actually implement change. In practical terms today, witnesses can't. Over time it is possible that development could evolve toward a more decentralized approach but there is at best only slow progress in that direction.
True. I just have to admit that. A veto is of course not representative democracy... That was just plain wrong - wishful thinking from my side.