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“Ethereum governance is centralized.” Mmmkay.

Phase 1:
1. Developer, researcher, community member drafts an EIP
2. EIP is discussed on reddit, twitter, github, and @EthMagicians. Users signal intent.
3. Coinvotes/polls created ad hoc (if contentious) to roughly gauge sentiment
4. Client and EF devs meet to discuss technical viability and general sentiment until rough consensus is achieved. If not, repeat step n times until consensus achieved or impasse acknowledged.
5. If rough consensus identified clients implement (note: clients are not obligated to)
Phase 2:
1. Client teams communicate updated client available.
2. For potentially contentious changes, exchanges signal support
3. Node runners (all 9000+ of them) after gauging user, developer, exchange sentiment and discussions, make informed decision to run client or not.
4. If some % of node runners and hashrate abstain, client support emerges, and some exchange lists, then a new community may be born.
5. Market ultimately values based on the result.
6. Life goes on as one or two chains reflective of their respective values and interests.
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