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Re:Trust: the inside story of the rise and fall of Ethereum by DennisP on Thursday February 16, 2017 @12:40PM (#13661879)
That's basically because we don't have a good solution for Sybil attacks, other than weighting votes by account balances. There are various people trying to fix that by adding real-world identities to the blockchain; the most prominent on Ethereum is uPort: https://www.uport.me/

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