I'm hearing something different from Cedric Dahl. At 4:30 in this video he outlines why DPoS is destined to fail:

Do you have a rebuttal to this?

Let me just add that I think if the SEC managed to get legal pressure put upon block producers (in the form of cease and desist letters as Cedric says above), it might cause EOS to drift back into Chinese dominance and the remaining block producers to move into immune jurisdictions.