What are your thoughts on the level of influence large SP holders have over the top 20 witness ranks? The /
account comes to mind. I've been doing a monthly report on witness voting engagement, and I've left out the SP from the Steemit account or Steemit employee accounts because they aren't currently involved in the voting. That said, if they were to vote in 11 witness to support a fork they wanted but the community did not (as an example), that would be bad, right? If they have the power to do that, but choose not to, then we are still somewhat stuck in terms of trusting they will act in the best interests of their investment (and the community). Until there are a lot of developers working on the STEEM blockchain outside of the Steemit company, they do represent some level of systemic risk, correct? At the very least, they (and other high SP holders) need to be trusted to make decisions which align with the community under a DPOS model.
But, as you said, maybe this is the best we can do right now and nothing can be evaluated in a vacuum. If there's nothing better, I'll be happy with what we have, but I'll still push to make improvements where we can.
RE: In Defense of Consortium Blockchains