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> But, even if everyone was entitled to a vote, being able to change it anytime they like would make a for a very, very poor government system. I don't disagre
by aianus 11y ago
> But, even if everyone was entitled to a vote, being able to change it anytime they like would make a for a very, very poor government system.
I don't disagree. But you can hardly call it "undemocratic".
- jbmorgado 11y agoThe undemocratic part was not that one. Like I said: "even if everyone was entitled to a vote and to change it whenever they want" and then carried out the argument based on that alternative scenario to bitcoin reality and explained why that would be a bad system. The reality is that just an handful of people can vote in this system, the ones that control all the mining. All other people are left using a system in which they have no say. That's a classical textbook Plutocracy and completely un-democratic.