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Hi @ncao, There are number of posts talk about governance on Steem. It is similar to what Dash offers where masternodes decides by casting vote (but masternodes are anonymous and not sure how many of those are owned by founders). But in case of Steem, it is witnesses plus large community where every decision takes a form of discussion and transparently come to consensus...And it is constantly evolving, finding new and better ways to handle consensus.

Yes it is interesting to see how the consensus can be reached. It matters on the how, as more people get involved and decide rather than just a privileged few, which is no much different with the traditional corporation. I think we should build a way to let more stake holder engaged and how the changes are informed, discussed and elaborated.

Few others are working towards that, also with http://steempoll.net I intent to provide some ways to help reach consensus, keeping decentralized nature of platform.

Thanks good-karma! Looking forward to it!

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