RE: What is the decentralization in Steem Community ? The more, the better.
So the witnesses should have forked off Ned's stake a year ago. They were happy with the status quo watching him dump 800 000 steem every month. When Ned stated these assets belonged to stinc, no one took a fork seriously, besides Ned. The time to act was when Ned owned the stake, not when an innocent third party paid for those coins in good faith.
Now we are in a position where forking away those coins looks terrible to potential outside investors, and creating a new chain that excludes Ned's ninja stake is going to be laughed at by exchanges. And the third option, is what? Hoping Justin dumps the stake and abandons STINC? I'm not sure I trust the community to run a reliable, self sufficient front end with no steemit. Steempeak may be the cats ass, but I have seen so many Dapps come and go, I don't have faith it will last.
I understand why the Koreans are siding with Tron run Steemit, it seems like a more stable option. I don't think this ends well TBH, but I sold my steem and no longer have any skin in the game.
The biggest challenge to competition for frontends was that Steemit's was funded by the huge Steemit dev stake, that disintevized competition. Even though it was developed very slowly and little funds were spent on it, there was always the threat that more effort could be put into it if a competitor became threatening enough.
LOL. Steempeak lasted for many years and will continue to last. Running a frontend is quite easy. Just takes a bit of time and men/women-power.