Key failings of DPOS

Excuse my ignorance, but it seems that the recent events of ´The Justin Sun Saga´ have highlighted the major problems with DPOS. It has allowed one malicious actor to essentially undertake a 51% attack. Luckily, we have enough talented coders here who worked quickly on Hive and thus forked out Justin Sun. However, what if we didnt? Wed be stuck on Steem as a centralized piece of rubbish...

Stake based voting for witnesses never made sense to me - it wouldnt work in the real world! Imagine having an election where your vote was worth more if you had more money! That would open up the world to more corruption than we already have. We saw the failings of this when Justin Sun came in and created some accounts who had as little as 13 votes, but were in the top ten witnesses. All this with bribe money, while those who the community supported were pushed off to the side. It has turned Steem into a centralised joke. Surely we should learn from that mistake or the same sort of thing could happen on Hive. Although freezing out the bad actors has worked here it isnt something I completely agree with.

I have nothing wrong with DPOS for voting and allocating the reward pool, as this is more similar to how the real world works. People with more money have more influence and power. This is why we saw in the beginning of Steem people basically begging for a big upvote - we see similar things in poor countries all over the world.

Maybe I havent understood something here properly, and I would love for someone to explain to me why we are still supporting this type of voting here when clearly it is unstable and can be manipulated....

Stay safe and keep up the social distancing!