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RE: People Are People: A Logical Roast of Naive Blockchain Governance
Such a model devolves into oligarchy where the rich rule and are able to change the rules in their favor, much like the governments we see today.
This is the point that always bothered me here on steemit and EOS.
Whoever have more money, control the rules.
I always keep picturing something like this on a real world election... Imagine that each dollar on your bank account would be equal to one vote. Most of us would be pretty fuckd, and would have no Voice.
We wouldn't have no voice, but it would be pretty miniscule. To some extent money does buy elections via influence, perception, and advertising. But most of this manipulation is not out of a place of malice.
I'm sure the rich and powerful do things they think are right, but sometimes lack the exposure to others to really care a lot of the implications of certain decisions. A lot of people fight for control because they think what they are fighting for is right, but they often fail to see viewpoints from all vantage points.
That goes for everybody. That might be the fundamental problem with governance. Conflict and a lack of perspective. Some thoughts.