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You seem to discard that in a democracy, one person should get one vote. In crypto, you vote with your wallet – due to network effects – so the richest/most pow
by rcMgD2BwE72F 5y ago
You seem to discard that in a democracy, one person should get one vote. In crypto, you vote with your wallet – due to network effects – so the richest/most powerful weight the most.
- mattdesl 5y agoNot necessarily - this depends on the chain and protocol. For example governance of ETH is off-chain, and there is no token voting. Developers come to a consensus and create new spec as a fork, clients and ecosystem may decide to follow that new spec and implement the changes (or they may fragment, as was the case of ETC).