Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Isn't this the basis of the current political system? Maybe one day Dash will be big enough to have Dash political parties and Masternode Senators!
Walter
Democracy is terrible. Delegative democracy is probably less terrible. Delegative democracy without egalitarianism(you have to have 1000 dash to vote) might actually work.
You are absolutely correct. As Churchill once said:
"Indeed it has been said that democracy is the worst form of Government except for all those other forms that have been tried from time to time. "
But until somebody invents a better system, we keep coming back to it =)
There will only be 6000 or less masternodes. It isn't unreasonable for each of those to research and vote on each proposal when each masternode is worth $100k. And then each node will probably be shared by a few owners. Each node owner may hire advisors to help read and decipher proposals. Each node may have an internal voting strategy between owners. And it is also possible to have each proposal be a group of projects that internally decide how they move forward. So those 2000 proposals may be 20 with 100 projects under them.
The core voting mechanism needs to be done by those actually risking capital. Every project is kept honest by the threat of losing funds, every voter has a vested interest and votes in the best interest of Dash.