I have question for you - and remember this is coming from a complete numpty when it concerns crypto.
How much influence do the witnesses actually carry ?( I heard it is only the top 20, but don't quote me on that)
Do they decide policy? (say for upvoting, flagging etc?)
Is it the otop 20, or do th eothers also carry ral weght?
Do the top 20 actually carry weight?
I'm thinking of comparisons between government and banking.
You can talk about government all you want, but they are not the controlling powers...or policy deciders, in reality.
See what I mean?
cheers.
Ah, well, the witnesses have the technical ability to make actual changes, much like a Congress. Whether they are beholden to other interests is sort of a case-by-case thing. However, they can directly implement versions of the blockchain via Hard Fork, so they are "the deciders".
ok, thanks for the clarification of that, mate.
So it does allow for 'manipulations' via personal connections. Not a criticism, a recognition.
Influence can be bought (indirectly or otherwise.)
(the other 200 stupid crypto/steemit questions are in the post) lol
cheers.