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by nikitaga
2252 days ago
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Democracy is called that because every vote is a person. People are finite, you can't just add more whenever you feel like it. Voting of shareholders of a company can still be called a democracy because the amount of shares – what's weighing the votes – is finite. But the supply of .org domain names is effectively infinite, and so any "voting" weighed by domain names would just become a bidding contest. There are only like 10 million .org domain names. At this rate it will cost just a bit more than $100 million to pass any decision requiring a simple majority, and a bit more if a supermajority is required. This is notably cheaper than the $1.3B acquisition price. --- If we want to entrench status quo, one solution is to require broad consensus of a sizeable but finite number of large players representing customers including the ones you mentioned. |
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Obviously a bad actor could try to game the system by pretending to be multiple organizations, but it wouldn’t buy them anything, because board members don’t have any rights that non-board-members don’t have, and the rights of the members to their financial interests are also guaranteed under law... the bird couldn’t, for instance, vote to pay themselves.