Thanks for the explanations. That was quite enlightening and I learned something new. đź‘Ť
However, I'm more worried about the ability to make hard and soft forks and therefore change the rules. Including the rules you just explained.
The very real attack which we just had — twice. First the old witnesses locking @justinsunsteemit's funds. That was a bit hasty.
And then Justin by retaliating by taking over the whole chain with sock puppet witnesses. Which is even worse. And makes me wonder if I should retract me delegations and prepare for power down. Because if Justin gets his way and becomes “benevolent blockchain dictator for 6 weeks” I don't think I don't want to stay.
We all know how those “benevolent dictatorships” end each and every time.
yeah true the community has to react anyways. We are not here for centralisation. đź‘Ť