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RE: The gravity of an existential threat to the core of crypto
Without a doubt, Steem seems to finally be "in the news" and getting known to a broader audience than we have seen in a very long time.
I don't think it would be excessively "Steem-centric" to say that the current situation is important in the sense that it is not only about us and our community, but on a greater stage it is a very public "test" of decentralization standing up to a larger centralized force trying to control. To the degree we can think in such terms, a "victory" for decentralized Steem would set a precendent for a working example of decentralized self-governance...
Most of the decent crypto reporting and people that I read are learning the lesson that our current implementation of DPOS is broken. That it was vulnerable to centralisation, and thus not a true implementation of decentralised on chain governance.