You seem to suggest that this is better than the anarchy employed by other security systems such as PoW. Is that right?

i dont understand either enough to say which is better. but the speed and efficiency (from my understanding) of the STEEM blockchain would lead me to superficially believe that it is better.... does that complex response clarify my position on this?

I don't get the words "representative decentralized" though.

decentralization*?

yeah i'm basically saying the same thing as "democratic republic" or "representative democracy"