Yes in theory. Thats not what im arguing against. 
In simple terms steem is more like a small puddle owned by a frog. If youre the only frog and everyone else is a fly, you own it.

berniesanders, dan, sircork, popcorn, idelivershit, good person tokens.. a few examples to point out here.

and there're no proposals when it comes to ned. remember hf20. steem doesn't have enough attention to create a competition for the best witnesses. what you said would be true if we had at least 10mil active users and hundreds (if not tens of thousands) of real whales that are bigger than ned. but the fact this blockchain has code that allows one person to dictate others through downvoting, you're giving too much power to any individual no matter how benevolent he may be. humans are always corrupted. 

This may be of interest, I've been flagged by this bot, in mere seconds after 19 flags by Ned on a single comment thread with him. By the way, the audience, was clearly with me on that one.

*Taking a look at @blacklist-a's profile* 

***This is bot use many factors based on time and flags from serious members of the steemit community. A Flag from this bot stop other bots from auto-voting your post.***

*Immediately a few questions spring to mind!*

*Who are the 'serious members'?*

*Which 'other bots'?*

source: 
https://steemit.com/steemit/@abh12345/are-you-on-the-steemit-blacklist

@blacklist
*Version 1.0.0.0*
 
*The Steemit @Blacklist uses a range of metrics to determine who's a repeat offender of plagiarism, hate speech, bullying, ongoing power-abuse and so on. The Blacklist is computer-generated and is updated irregularly to make sure bad behaving accounts get a quick flag so that other upvote-bots can avoid upvoting the blacklisted accounts and simply skip to the next post. The @blacklist-project is a much wider and further stretching authority than any of the singular up or downvoting guilds currently running on steemit, it is also complimentary to current projects in the same genre which are to keep the steem-blockchain unattractive for scammers, spammers and miserable trolls who are caught bullying or go after steemians in a power-abusive behaviour and so forth and so on.*
 
*The @blacklist account is a very serious project who aim to grow over the years with supporting bots and guilds respecting the black flag as the black flag is computer-generated by a popular opinion from a wide range of always active members of the community.*
 
*There are one way to get off the blacklist once you are on it, and that is to change your behavior from evil to good over your next 40 posts. Once you have reached that number you must send 40 STEEM to the @blacklist account with "REVIEW" in the memo. Someone from our staff will then manually look at your blog within the next 24-48 hours and remove you from the list if your account now qualifies for it.*
 
*The Blacklist contains between 200-500 accounts at any given time. The list grows or shrinks depending on user behavior (1) and user-reaction (2).
RAW Paste Data*

source: 
https://pastebin.com/h1unSks2
source of source: 
https://steemit.com/steemit/@revostrike/who-are-blacklist-and-blacklist-a-and-why-they-re-flagging-my-posts

Now, go down this rabbit hole:

1. Szymon Lapinski  Aka Gandalf works for http://www.syncad.com
2. Daniel Notestein aka blocktrades is the founder of http://www.syncad.com
3. Daniel Notestein and Stan Larimer Could be friends
4. most of the initial bitshares code is also written by syncad guys
5. Other folks http://www.syncad.com/Services_Site/aboutus.html
6. http://www.syncad.com/manateam.htm
7. https://www.sbir.gov/sbirsearch/detail/1466795

and check this out:
https://fuk.io/exclusive-interview-with-dan-notestein-of-blocktrades/

Just a little look behind the curtains for you guys...

Cheers,
@SirCork
Member. your no bullshit witness team, @noblewitness