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0 pointsrcMgD2BwE72F4y ago0 comments

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.

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mattdesl4y ago

Not 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).

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mattdesl4y ago

Not necessarily - this depends on the chain and protocol.

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