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RE: Thoughts on Palcoin, Decentralization, and the Non-Aggression Principle
anyone who has been paying attention to the HF21 can't really say that Steemit Inc creates the HFs and then the witnesses approve.
From my understanding the SPS while the building of was paid for by Steemit Inc, it was built by a witness. The witnesses decided on how it is being funded.
The EIP was endorsed by Steemit Inc with the recommendation that it be discussed and included in a future HF. The witnesses want it in this one even in the face of a lot of community opposition.
The witnesses wanted the change from 15 minutes to 1 minute on the reverse auction window. Steemit Inc recommended against it.
Sounds to me like the witnesses are in charge.
True, this Hardfork is different which is a good thing.
Steemit inc still holds over 50% of the total steem though which does not look good from a decentralized perspective.
Neither does the top 20 rarely changing due to large stakeholders keeping them in place. That ends up forming a centralized governance.
Very True Shadows
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