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RE: My position on the soft fork - I am not running the changes on my witness node
you forget that what has been proven to everyone is that a small group of people can meet, change the code and execute it without a single public discussion.
Whether Justin turns out to be great or not, that can never be undone. And it is way more important than the circumstances used to justify why it happened.
There are limitations on what can be changed "in secret" in that if the consensus rules are changed, other entities in the ecosystem (exchanges, seeds, full nodes, etc.) have go "agree" to the changes and apply them to their nodes too, otherwise the witnesses will go off on their own and leave everyone else behind. The code changes that were made today did not change any consensus rules.
Witnesses always have the ability to "ignore" transactions. In 99% of the cases, if they do this - it is a very good way to get voted out by the stakeholders and replaced by new witnesses. That is esentially what all of the (other) top witnesses are doing with this "soft fork" - agreeing to ignore a set of transactions from certain accounts.
Ultimately, DPoS is a stake based governance system. Stakeholders are the ones who choose who to vote in, and witnesses who do not align with the interests of the stakeholders typically get voted out. If the stakeholders are not OK with the witnesses ignoring certain transactions, then they 100% have the ability to vote in witnesses who won't ignore them.
What I suspect you will find though is that in this case the witnesses do have the support from a large majority of our stakeholders. At least that's my read on it.
Exactly. This is representative democracy rather than direct democracy. We appoint senior witnesses to act on our behalf for our stake in Steem.
@whatsup True, but that small group of people has the community trust through their witness votes..