A deep hole indeed. One of the main positive externalities of Bitcoin (imo) is it has become a Schelling point for productive, healthy and forward-looking humans. I believe that the humans utilizing this Network to accumulate capital will eventually coalesce around global hubs where things like direct democracy will be viable. It’s a sort of filter. Then from those early successful examples others can copy what’s worked and replicate in their localities. That’s my greatest hope.

But I’m still not sure if democracy is the answer. I think markets are the ultimate voting mechanism and capital the way in which votes are most effectively cast. Hopeful for the future regardless.