The devs only write code. It was only with the consensus of the network (via witness who are elected by stakeholders) that the change went through. The same consensus mechanism blocked HF17, proving that devs can only propose changes, not force them upon the network.
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Is steemit then a Pseudo-Oligarchy Model?
It is a stakeholder governance system where block producers are representatives elected by stake-weighted voting while fiscal policy is decided directly by continuous stakeholder vote.
Do we have any info/chart/statistics about wealth distribution? For instance, would be interesting to know how many hands hold 80% of steem wealth, and how interconnected those "stakeholders" are. Thanks for your time!
Yes, steemwhales.com is useful for that. There was also a series of posts on stake distribution trends but I haven't seen one recently.
https://steemit.com/steemit/@liberosist/steem-power-distribution-trends-steemit-is-becoming-more-democratic-diverse-and-equal-a-detailed-analysis