It occurred to me today that bitcoin is not democratic. The direction of the blockchain is determined by majority yes, but certain people hold more of it than others.
Well, I think it's as much democratic as our current implementations of democracy in our political systems.
Sure, everyone has his vote, but you you need to get to know about someone and get convinced to vote for him. At the end of the day it turns out, that number of votes acquired is highly related to amount of money spent on campaign. It isn't 1-to-1 of course, as people's preferences and quality of offer also matter, but the best offer/idea without funding won't get as many votes as the worst offer/idea with huge funding. Number of votes for similar quality ideas will be strictly related to amount of funding spent on promoting them.
Democracy is a system where power is concentrated with people who invested the most in the system. This seems very similar to bitcoins to me.