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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

The scary/beautiful thing about Steem is that there is no real "top management". Steemit.inc try as they might, no longer holds the helm of the Steem Blockchain. It takes overwhelming consensus (95%) of the top 20 voted witness to exact change.

And in this case, knowing what @kevinwong proposed and knowing who the top 20 witnesses are, I think 95% is highly unlikely at best.