Don't worry, in the end, your vote is only as big as your wallet. Not to belittle the responsibility...
Maybe that's the reason why some Bitcoiners believe that Decred's on-chain governance is a "joke"? The more we believe it's going to be different, the more it's going to be the same it seems. The oligarchs still rule.
Can you think of a better alternative? Cause I sure can't, at least not one that is not easy to exploit.
Truthfuly, I can't too. But that wasn't the point. Because if on-chain governance is run by the oligarchs, then why re-invent the wheel?
I'm sorry for the probing questions, but I'm trying to find a good reply for those people who say that "on-chain governance is a joke".
I see.
First of all, I don't believe there has ever been any other type of governance. I know we all supposedly live in a "democracy" but in reality, it's always the elite that rule.
Sure it's a better system than ruling by birthright. They rule by getting voted in and for a limited time, but still, its just a different form of oligarchy, even if it's a better one.
And in the other extreme, even the most fearsome and absolute tyrant cannot do everything by himself. He would have to delegate some power to his trusted elite.
Just the fact that on-chain governance is still an oligarchy does not make it a joke, unless it had an explicit goal of not being an oligarchy.
If you can have more transparency, more meritocracy, fewer barriers to entry, and in general a more robust system of values or rules by which to govern, it can be an upgrade despite still being an oligarchy.