I am very much an EOS amateur but I have read surrounding discussions, parts of both white papers, and some hours of google researching.
***What stops the top centralised 21 EOS account holders from forming a BPs cartel*** that would create an unchangeable establishment within the BPs?
To me it seems a group of BPs who are also large account holders, could fix a set percentage of their minted tokens to be held so that their voting power wouldn't be diluted. Only the value of the bandwidth you are promised for your tokens *\(Fractional reserve computational power, Whitepaper V2\)* would have to be diluted to make room for new clients with their new tokens.
The powers that 15 of the 21 BPs \(through voting\) can use on the EOS blockchain seem to range from choosing to dump pending transactions, to editing post transactions. That's a lot of political chain power.
But! I could well be missing the intrinsic decentralised part?
Edit: Full Disclosure I do own a small bag of EOS
Edit edit: One argument loosely put is that the cartels are the idea, and the decentralisation comes from the many hard forks of slightly smaller players forking off to get a higher percentage for their own bandwidth than what they would get for just falling short of the top 21.
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