Really sharp angle on thinking about the value of governance tokens, where a holder’s ability to decide a vote (I.e. their “decisiveness”) is a function of the specific distribution of tokens. A couple thoughts:
- this certainly relies on some anti-Sybil measures, as the existence of Sybil accounts would ruin the ability to measure the true token distribution among governance participants
- I wonder if there’s a valid connection here to the Hotelling model, which is much of the theory behind why political parties often converge at the center. Is this just in two-party systems? How should we think about this in terms of crypto governance?