It says "no single entity can censor content that is valued by STEEM holders"
Lol, in theory, that sounds nice. But a "single entity" if possess enough steem can easily censor something upvoted by 1000 other users.
Its analogous to stating "no info that is valued by billionaires will get censored "
"no info that is valued by WHALlionaires will get censored "
+1000
"obviously meant to be decentralized but then some 40-50 people initially gained or bought large stakes in the platform and the future of steemit basically depends on those few people way more than the other 100k users"
+10000
Not so much censorship, more invalidation of any 'income' despite popular up-vote, Whales can sink any content at any time to the realm of invisible/insignificant.