I, Luke Stokes, can honestly tell you this is not the purpose of this token.
I just did a quick read of this, so how am I just a user of steem blockchain going to be able to vote for one of these so called "12 elected custodians.", you can not get the majority of the people to unvote for witnesses on steemit that are no longer active, what makes you think that people will vote every 7 days for 12 new people? Is the vote for these 12 people a one for one vote, and not based on how much steem they have? How do you stop someone with 70+ accounts from voting 70 times? If it is based on how much steem a person has how does that help decentralization at all when two people would be able to simply automate there votes and always have the people they want as the 12 members.
People are already threatening @ned with Forking and now you want to bring EOS in as a place for people to manage steem development? Let's just drive one more wedge or stake into @ned.
I understand that people are angry and upset at @ned. It does not require this amount of torture to one person. @ned (steemit) and @dan (EOS) parted ways, as in divorced of each other and you would force a re-union?
This is from the aspect of a non-crypto person, just a person using steem blockchain as a social media place. The purpose may not be to drive people over to the EOS blockchain, but purpose and good intentions rarely lead to reality, and the reality is that there are likely a few memories, un-pleasant ones between Ned and Dan.