Quote from: HostFat on March 10, 2016, 03:07:57 PM

Quote from: scryptic on March 10, 2016, 02:10:28 PM

So it will be automatically democratic?

I don't think that "democratic" is the right word.
On Bitcoin it isn't 1 opinion = 1 vote.

The value of the opinions of some worth more than others, but anyway everything is market driven.
Someone, even if he is someone with a huge following, he can't "force" other to follow his will if this is really against their interest.
Moreover, if he tries that, users will just move on other currencies.

Both nodes and miners (but nodes come first) should want this change.

I would call Bitcoin largely meritocratic. Miners that produce valid blocks quickly have a larger vote on the system than those that produce invalid blocks or at a relatively slower rate.

There isn't as direct of a metric as mining hashrate, but one could say the same meritocratic influence exists for large exchanges and their largest customers, etc. The largest traders will be able to influence exchanges more so than smaller traders. Large exchanges influence miners and other participants that they conduct on-chain transactions with, etc. Developers that write code that is accepted by other devs and ultimately users get a stronger 'vote' based on their work, etc.