The reason @ned didn't execute code restricting his ability to exercise governance is apparent today. I agree that is not worthy of trust. It remains a fact that his long failure to exercise that governance yet enables people to believe the illusion Steem is decentralized, or ever has been.
Either Tron and the exchanges execute code that prevents their exercise of governance, or Steem remains the exclusive possession of Tron, to whom @ned sold it. We users of Steem aren't a possession, but that only matters if we act to retain our agency. If Tron does not execute that code, and no one cares, we might as well be possessions of Tron.
I presently await the community understanding the reality of Steem's ownership and execution of a HF to create a new platform that enables us to actually have a decentralized community.
Thank you for your vigilance.