[ryan29]

Wow. I hadn't seen that. I just read about it and it reinforces my view that cryptocurrency is appealing to the wealthy because of the promise that whoever controls all the tokens and resources (ie: wealth) controls all the rules.

When you look at some of the issues with ICANN at least there's some chance that public opinion can influence them. The .org scandals show this. Imagine if the whole system was "code is law" and the existing executives and board members owned a controlling interest of "vote tokens".

I don't understand why people would want a system like that with crypto domains. Do they think that a system where $1 = 1 vote is going to be democratic?

[nikanj]

They prefer a system where the wealthy have the power, and they're the wealthy. Crypto comes with two promises: 1) You'll have tons of money, from having invested early 2) The government is powerless to control the money

[exdsq]

> Do they think that a system where $1 = 1 vote is going to be democratic?

There’s alternatives to this like quadratic voting where you do get more votes with tokens but they tail off quickly, among many other methods