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It wouldn't matter anyway. As long as there are living breathing human beings behind the picture it's not as untouchable as you think. People want to be successful, they don't want to put everything in jeopardy because someone wants to abuse the rules. When it comes to money people will sell you down the river, that's a fact, that's life, put that in your blockchain and smoke it.

You need to read up more on what decentralized is, Steemit is centralized, it's privately owned, the power is held at the top, and the witnesses speak up for the little guys, that's called CENTRALIZED.

So if no one owns your account but yourself then why would anyone else has the power to flag your account down to zero if they wanted?

Wrong because for that to be the witnesses would have to have considerable control over all and they don't, Steemit is too top heavy.