Democracy needs a central authority to enforce the vote system. Bitcoin is not a democracy, it's a voluntary voting system based on the individual's wish
BTW I don't think democracy is any better than dictatorship, they are both flawed.
When majority of people is proven to be idiots then democracy is the worst possible system. Anyways we don't have any true democracy anymore, everything is manipulated.
What if Satoshi didn't leave and stayed with us as bitcoin leader? Can you imagine what will happen under his guidance? His word might be deciding factor in disputes...
Yes exactly majority of people are idiots, that is why you cannot allow stupid people to vote, or you end up in disaster.
A Satoshi monarchy is not good either because he might be right on 1 thing but wrong on other 100.
So an oligarchy of a few 100 people is preferable, where they have the right expertise, each one can correct the error of the others,and nobody can become a monarch