Thanks for the explanations. That was quite enlightening and I learned something new. 👍

However, I'm more worried about the ability to make hard and soft forks and therefore change the rules. Including the rules you just explained.

The very real attack which we just had — twice. First the old witnesses locking @justinsunsteemit's funds. That was a bit hasty.

And then Justin by retaliating by taking over the whole chain with sock puppet witnesses. Which is even worse. And makes me wonder if I should retract me delegations and prepare for power down. Because if Justin gets his way and becomes “benevolent blockchain dictator for 6 weeks” I don't think I don't want to stay.

We all know how those “benevolent dictatorships” end each and every time.