So, what would be the decentralized way of punishing fraudulent behavior? I agree, it doesn't seem right that it be Steemit Inc., or necessarily a majority of witnesses, be it simple, supermajority or absolute. There's still power being concentrated among 20.

But what then becomes the decentralized way? Everyone casting a vote until we get to a majority? I'm not sure what the mechanism is. I just know it would be nice to have one, and if it already exists, to educate people about it and implement it.