Agreed mostly, except

The posts don't matter, they never have. They're a facade. No one even reads what's posted on here. Nothing would change if no one posted and STEEM was distributed daily based on automated votes.

.. is not the only way things work / only way to look at it. As like with most protocol, users usually have opinions and will discuss it. But discussion and consensus now isn't scaled by any blockchains nor will any changes translate into code evolution without programmers tinkering and getting it executed by supporting nodes. Check out http://www.idni.org/blog/the-new-tau @schattenjaeger