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Correct me if I am wrong, but wouldn't the difference be that that decisions for change could be made through decentralized consensus?

i don't think so. There will be a body to review EIP and say which one are legit meaning a set of individual with power over indiiduals

Ahh, I took that body as more of a sub-committee. An important gatekeeper, but not the final arbiters. Perhaps I am completely wrong though.