I would disagree on that being handed over to the Witnesses. It is a fundamental premise for the stability of the currency, hence the blockchain. To make arbitrary decisions is risky in my opinion.
With it requiring a hard fork, this is something that gets discussed and requires some planning. We can see if it is valid or not while also analyzing the downside.
As Smooth mentioned, there are some things that the witnesses can do to alter things if need be.
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That’s true. I might not fully understand how the stability would be affected.