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this post was submitted on 20 May 2024
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I don't think anything we've seen yet solves wealth inequality, but whether that becomes a property of a currency or not may change.
I agree voting is important for governance but what if citizens held that specific power by default instead of the government, and if the government wanted to use that power they would require asking for it? It's the same people doing the voting but for a specific measure instead of a representative. I didn't think we're there yet but that being a possibility seems hopeful.
It already exists without crypto tokens and it's called a referendum.
Different countries use it to different extents. The Swiss Country does a lot of it, for example.
But referendums are not always a good idea and are extremely prone to manipulation by the media and populism (see Brexit). Minorities are also underrepresented in referendums, which poses a real problem with these things.
Having an elected government with separation of power is definitely always better, than whatever DAOs are doing.