[lajarre]

> the 51% can take control of the chain

This argument seems fallacious and off-the-point in this context.

Isn't the goal of a contract to precisely bypass the 51% control thing (a distributed consensus rule, needed for mining), by defining its own explicit rules?

> Democracy; it sucks, but it sucks less than everything else

More profoundly, isn't the essence of such systems to go beyond democracy, and allow for new governance paradigms?