That's assuming Steemit wants to break out their 'steemit' account which currently contains about 52% of the total coin supply, and start using it to vote and take over. They haven't done that to date, except for a very brief period during when the site was hacked (essentially an emergency). So, in practice, there is still meaningful input and collaboration much of the time, including on this issue which has in fact been stopped as noted in other comments.
Longer term, the announced plan is for Steemit to over time distribute most of the 'steemit' account at which point there won't be any more absolute control. My personal opinion is that this is not a reason to stop using the platform.
Great!
Because I LOVE Steemit and intuitively feel it is in good hands. I have been VERY impressed with the reasonable debates that have taken place on very personal and controversial topics such as this one.
Now I haven't seen Dan comment here but I have seen you and other "important" accounts discuss sensitive stuff and there has not been any noticeable censoring or tyrannical actions. So this also gives me hope and proves the sustainable future of an awesome platform.
This is a really important thread and I value your honest contribution to it and will be following your posts for sure!
Thanks~*~
Just that fact that this can be talked about in a reasonable and honest ways says A LOT as when you look at the world and other forums or social media sites there is so much arguing, hating, anger, blaming, and crap. Everything I have seen on Steemit from the people with "influence" is for the most part very reasonable and transparent. Again I am not connected with the inside people but I am impressed and feel like honest and reasonable disagreement is VERY healthy!
Yes ...it will take 40 years though...
PS assuming the price FALLS with exactly the same ratio as the steem supply grows and the min fee is increased accordingly.