" it's more like censorship and control.
i'm afraid he's gonna kill it. kill 'wisdom of the crowd' that he's been promoting. kill decentralization and eventually steemit itself. "
YOU are seeing much that occurs to me as well. It's not that difficult to take what exists and copy it, move it to another blockchain.
A blockchain with better distribution.
With companies offering millions to motivate developers to create new social media platforms.
With real Decentralization.
Without 51% control by 1 entity.
The motivations to do so are HUGE.
The outcome most likely will look very different from the stiffled and raped rewards pool we see today.
I DO BELIEVE once @ned is actually faced with some "Stiff Competition" (pardon the pun) he will rise to the occasion however ;-)
he did point out that there could be many oracles competing so there's a possibility it might not be so centralized. we'll see how it plays out.
but yes. once people start seeing steemit as a centralized system, it's going to be vulnerable.