The development of the Bitcoin protocol is meritocratic rather than democratic. And I believe it is rightly so. Everyday, someone goes "add PoS to Bitcoin so I can have some by opening my wallet with 100 satoshis in it," "make Bitcoin merge mineable with all the altcoins," "increase the coins generated so we can all get coins without affecting its price," and "let's pump the price of Bitcoin to 1 million so we can all be millionaires because that's how it works." Very few people understand both the technological and economic principles which Bitcoin is based on. If its development was made democratic, we would be generating 1 to 1 million coins per block with PoS, random superblocks and every little thing that the masses feel like adding. It would be a joke, really. I would rather have people who know what they're doing make the crucial decisions than people who go "doge shibe." Anyone who wants to contribute to the development simply has to educate himself/herself more. That's a very reasonable requirement, is it not?
That is a very nice explanation.Democracy really has this problem.
. In addition when we are talking about coin development (coding and marketing included) some level of centralization is inevitable. Otherwise everybody will talk endlessly and nobody will do anything.