This is an extremely interesting and valuable contribution, thank you.
"First the @steemit Inc account shouldn't be allowed to use this function."
This could be prevented with a special exception in the code witnesses run after a fork, correct? At first I thought we might need to take "someone's word" for it, but I'm hoping not.
While there is a special reason to preclude @steemit from so doing, in addition to the fact the the stake @steemit holds was mostly mined, I feel fairly strongly that the mined stakes - which are most of the Steem in existence today - should also be considered in light of the fact of how Steemit didn't even exist when the mining was mostly done.
There are wheels within wheels. While those of us on the edge of the wheel are largely unable to even perceive the turnings of the inner wheels, they impact us to unfathomable degree.
You make good points. Unfortunately, those who do not review the Bitcoin Talk history thread here probably know not of what you speak:
https://bitcointalk.org/index.php?topic=1548369.0
Great link!
Correct.