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RE: Will BitShares Breathe Again?
Decisions not only can be decentralized but can be delegated to AI or machine intelligence. SO not only can you distribute authority away from the human singleton but you can move information processing capability to AI in a personal exocortex scenario. Collaborative filtering can work only if all the humans involved have intelligent agents to help them process information at an enhanced rate (intelligence amplification).
So you do not need to rely on human expertise as long as something in the system has expertise, and you do not need humans to sign off on everything because intelligent agents can be delegated with authority. Some of us already believe properly implemented intelligent agents can be trusted more and reliable than people.
I've liked this idea for governance ever since I first read about something like it a few decades back in Raymond F Jones' Man of Two Worlds (also titled as "Renaissance"). I don't remember much of the story at this point, but this idea has always stuck with me. I'm not a big proponent of representative democracy after seeing it's weaknesses and failures and I think we need to experiment with truer forms of democracy that can be enabled via technology.