I think your last sentence sums it up nicely:
HF18 rules would be working fine if so much of the power wasn't in the hands of just a small minority of people.
I guess the next question is - how to remedy this?
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socialism.
That's a joke.
heh...funny.
@aggroed, I wrote a post about this similar problem - let me know what you think?
https://steemit.com/steemit/@altcointrends/steem-world-s-largest-social-experiment-in-charity