You do realize that this is literally "the paypal model", right? Not necessarily saying it's bad; there's plenty of cases where it works well, but it's worth being intellectually honest about it.
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"Users vote by buying tickets of the company they trust" ... "Same w/ blockchain".
That's one aspect of "the paypal model", an aspect that is common to all institutions that have freedom of exit. Claiming that "is" that model ignores the more relevant and important differences (open source vs. closed, trust minimized vs. centralized protocol, etc.).
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Focusing on one broad thing that two things (and many other things including Ethereum which you are implicitly making the contrast to), and ignoring the crucial differences, then equating one but not the other with "is", makes for a doubly pathological false dichotomy.
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@asglidden &@phildaian say it best. To@finck_m “Democracy” is one of the worst forms of governance. Oligarch creation, and Democratic acceptance is one of the best (current form ETH, BTC, US, EURO) - We can improve this, but none yet /fully/ understand how. -
Criticizing others for common fault is uncharitable, but avoidance of mirrors weakens the spirit. Every inventor begins with a new hope for Man, but few, save Franklin, are wise enough to preserve it. Magna Carta is start but... Franklin & Bilderberg have since defeated it.
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Writing creates Cities, Printing creates Nations, Telephone creates Continents, Blockchain will create Planets - The civil wars of 2020 come regardless. Keep up the exploration and the stress tests may not break all, or one. Good luck! :)
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