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RE: Can Democracy Work If Votes Have No Stake?
The title is non starter. The problem is that skin ain't in the game, so why vote?
The title is non starter. The problem is that skin ain't in the game, so why vote?
In national elections people vote without skin in the game, although they perceive that they do have skin in the game. To your point, a lot more would vote if there were actual skin in the game.
In blockchain and other smaller, more accountable environments, people have a better understanding of their stake.
So, you are right. The question should begin with whether the stake exists.