democracy only works when the voters have a stake in the outcome, eg, shareholder elections

otherwise, it is just a way of injecting your agenda by promising other people's property to those who have no stake in the outcome

the original democracy invented by the greeks literally was based on this rule (only the landholders) and even the original form of the democracy used in the US federal government was also similarly bound to property ownership

so, it's a nice idea, but you are downstream from the source of the poison

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yep, same thoughts here.

but we need a good and working application for this now.

sure democracy has to change a lot more than that.

well, i think, if you got the resources to do it, great, but just my suggestion is build in a "vote weight" mechanism into it so it can be plugged into some kind of stake

the whole thing about proof of stake blockchains that actually rings true to logic is the idea that you have something at risk in your participation in governance

the problem with them is of course that controlling issuance of the token that one holds stake in is part of the purview of those with said stake, meaning they can redefine the rules of token emission and thus destroy its integrity

i think there is some project that has the concept of external money as a stake token, Babylon, i dunno how that is working out, but it's the only implementation i know of that i can see ever having a hope of working and not turning into a circle jerk and the "stakeholders" selling as much of their fresh tokens to destroy all semblance of value in the token on the market

if you make this democracy have a notion of stake, then you have the slot ready to fill with whatever measure of stake makes sense for the collective property of it