But not in the same sense as with democracy. Sure, it is a human fabrication, but with as much little human presence required as possible. The reliance on the people in charge is minimum. There is an absence of bribery, lobbying, and bailouts, not because those in charge adhere to moral standards; no one does. Everyone has their weaknesses. The chemical reactions occurring in your brain when you wield significant power are simply too powerful to overlook.

The reason there is absence of these things, is because there is nothing to be bribed. There is nothing to be lobbied. Nothing to be bailed out. There is virtually nothing corruptible in this ecosystem as long as the incentive to secure the network surpasses the potential incentive to overthrow it -- that's the entire gamble. If we fail in that gamble, we're fucked. I cannot fathom designing a system more susceptible to corruption than this.