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RE: Stake Disempowerment - Just A Thought
I agree with you on this point. I think the point that I was trying to make is that I would be more sympathetic to the idea of using such a fork as a means of buying time (which it clearly isn't) in order to make changes and then vote on them, but even then, like you mention, the "community" can just fork the code and start a new blockchain. It would be a much more principled move given all the stake they would be giving up, but it would clearly emphasize the point that the witnesses have been claiming to make the past two weeks or so.
Honestly, from the perspective of someone who is not totally invested into the transcendent idea of blockchain technology, Justin Sun just isn't scary. He is finally what everyone who has been screaming about investment on the blockchain has been clamoring for: a rich investor with an interest in cryptocurrency and a legitimate stake in the business who wants to bring a big pile of money in exchange for a big pile of STEEM. That is what everybody has been telling us that we need, "more big investors." "More business."
They finally got what they want.
And then they suddenly realized that in a Proof of Stake system, the guy with the stake makes the decision. Just like they always have. It's just that Justin Sun isn't "one of them." They fully expected to be agitating for one of their own to be "the guy" and JS coming in from outside and promising to be an active player – that wasn't on the agenda. So they freaked and they show their hand as regards what they really think about distributed governance. It's fine as long as it's distributed to them. It's not fine when someone literally plays by their rules and just has more resources to burn on that stake.
For us little players at the bottom who will never and would never have any kind of governance role or input into the witness slots in a meaningful sense, the only threat is that Sun will shut down the blockchain, and that's not much of a threat considering how much money he just spent to own it. He's not going to shut down Steemit because he expects to get some sort of value out of it first. Of course he does.
For us, the question is whether JS is better than Ned and/or better than whoever it is that actually owns the stake in the pool before he got here. It would be hard to be worse so – I guess I just don't have as much fear as they do. I can't find any reason to.