While all this is good, this system still faces the one problem that almost every type of democracy faces - people don't take their duty to vote seriously. Even on steemit, less than 10% of all accounts vote for witnesses. I think something needs to be done to incentivise people to vote for witnesses.
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that's why I wrote this post. Many people don't even know what the word, 'witness' means. It's a new system, completely new, so very few people understand it. I'll be doing more posts about this, to first educate, raise awareness of how this all works.....good observation...
Thank you, you can now ignore my other comment. understanding witness stuff is forthcoming, thanks.