The difference here is that banks are singular entities and the witnesses are people we vote for.
Another issue is that Justin with the SiNMS has the power to become a singular entity with the power to freeze accounts or alter the blockchain. His plan is to destroy it and reopen it on his Tron blockchain.
If witnesses aren't doing what we want, we can always have campaigns to replace them.
But we cannot easily replace Justin. He bought his way into power.
We vote for is a bit pretty, let's look at the reality and see who control such decisions.
Witness are voting on each other on top of a handful of what who are making sure that some people will stay at the top forever, without mentioning the SPS were only 2 accounts are choosing who gets what.
TOP 20 spots are like a bank that has 20 shareholders. It's the same thing. Anyone wants to stay in to get more juice and influence, so they usually "circle jerk" each another to stay at the top.
Easy, the witnesses who do not agree on the thing, they can choose to fork their way out. If it's not STINc, it can be another random investor who decided that he want more influence on the chain and want to change things according to his taste, is this wrong? No, because this is a DPOS, where only people who have the biggest stake are the ones who can make changes.
You can't get to the top 20 by posting good content and getting 30 steem each day. People get there by making hidden alliances and buying a large amount of stake.
Yeah, and I don't think we disagree completely.
My only argument in this situation is that the ninja-mined Steem simply should not exist.