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Re:Wikipedia RFC to stop accepting cryptocurrencies passes b... by rcMgD2BwE72F on Thursday April 21, 2022 @06:14PM (#31115837)
You seem to discard that in a democracy, one person should get one vote. In crypto, you vote with your wallet – due to network effects – so the richest/most powerful weight the most.
Re:Wikipedia RFC to stop accepting cryptocurrencies passes b... by mattdesl on Thursday April 21, 2022 @07:45PM (#31116569)
Not necessarily - this depends on the chain and protocol.

For example governance of ETH is off-chain, and there is no token voting. Developers come to a consensus and create new spec as a fork, clients and ecosystem may decide to follow that new spec and implement the changes (or they may fragment, as was the case of ETC).