The wealth of BTC and most of these faith-based currencies seem to me to not actually be owned by the common users or holders of the wealth but actually by the "cabal" or those who own most of it. I don't think we should depend on any wealth management system that can be manipulated by elites. We simply need to not worry about hoarding lots of wealth as that is never healthy for society in long term, but we need a system to facilitate exchanges of services and goods, Simbi barter system is closer but still pushes too much on their own simbi coin, which not even secured cryptographically so is very faith based. We need faithless exchange systems.
Bitcoin has a questionable setup, since the miners have too much power, and the nodes are not incentivized to run servers.
So its largely altruism based, and the cost of entry is increasing. Bitcoin will guaranteed become an oligarchy, that is not even debatable.
The quesiton is whether an oligarchy is more preferable vs a democracy? We shall see that.
Yes what are some good examples where democratic systems and communities [organizations, corporations, cooperatives, intentional communities and villages] work better than oligarchic systems?
I see how some democratic voluntary communes work much better than more oligarchal communities, like Twin Oaks.
In small sizes maybe, but I don't think it's that much scaleable, so either you keep the size small or you try somethng else.
I don't know, it needs to be tested.
The limit for these communes is about 100-200 members before things become dysfunctional. But I can imagine this model scaling in holocratic way, like the federated tribes before America was colonized. I think people get blinded in the hope for a global order, but societies can function like hives with no central authority.
Exactly, however if the system is decentralized, then you won't need laws at all to keep order. You will have private property and voluntary ethics in everyday relations, and maybe perhaps some decentralized dispute resolution, while having a larger DAO to vote on more basic laws.
Perhaps the DAO system will show us how to organize people on all scales.