Voting for blockchain..... "Directors"?
Let me guess, this is your latest step toward decentralization?
"The Steem Foundation is a legal entity that is subject to government regulations and audits."
You people are a fuckin' JOKE. A complete joke. It would be funny if it wasn't so awful, and you weren't messing with so many people's lives. Completely pathetic!
DPOS is a technology that needs to fit in legal system - sooner or later. BitShares, EOS, Steem - all have the same issues. How to preserve technology and support to its users with all the regulations and compliants that needs to be achieved.
We seen over the past years that giving people unlimited power such dpos consensus has ultimately brings entire system to destruction and puts it in oblivion without return.
Original founder of the Graphene, Daniel Larimer himself said in early days "even dpos will demand a certain dose of centralization"... so he predicted shitshow before he even started it.
As far as im concerned, this every dpos needs. A certain set of rules, enforced by FEW that will STAKE up their NECKS for the technology to live longer. Hence KYC is only applied on them and nothing else change in tech apart from less RIGGING possibilities, i dont see any realistic concern apart from participants who enjoy rigging it (taking advantage and reducing that "fair" level of game for everyone).
Chee®s
The Foundation isn't a part of the blockchain. It has zero influence on the blockchain itself. It is an entity for promoting, supporting and marketing the Steem ecosystem in its entirety.