Well done @gmuxx even as a techie and a witness I'm not sure I could have explained it any better. What I do know is that we need to get more of the base involved in voting for witnesses. It is really a terrible thing to see how many steemians have never voted. I imagine most have never read the White paper much less even heard of a witness. Perhaps HF20should have a way to offer a "pinned Post" like telegraph can do.
Keep up the community support. And again thanks for this clarifying post.