hI @pharesim i like what you said here. but i disagree one part. You said:
''The only thing you could criticize there is that some shareholders have a bigger saying than others, depending on the size of their stake. But that's 1) unavoidable in a p2p network and 2) understandable, because they have the most to lose when the platform develops in a direction they don't see as desirable.''
It seems to me that we need a more democratic witness selection process. Stake based witness voting is clearly not in the best interest of Steem.
If we can fix this problem, Steem will be unstoppable and that may well be what the powers that be are trying to avoid.