Far from being a disappointing example of its nondemocratic nature I would suggest this just affirms its alignment to the democratic spirit, in terms of transparency and fairness etc.; not giving advantage to any particular interest group or class ( e.g. miners ) even if they constitute a majority of participants.  And it is the real world context - the freedom to participate rather than being coerced into this or that - and the spirit behind the system we should keep in mind isn't it, rather than arguing over semantics just for the sake of argument?

Something that we can help the common people feel good about in supporting and participating in... rather than turning a lot of them off with the narrow and/or belligerent and/or agenda driven views of this or that group or class ( e.g. libertarians ). 

This will be my last word on this particular subject... perhaps....  I retain my assumed right of free speech and free association.   

It has no ruler. No central authority. It is democratic like bitcoin.

It comes from the Greek. And that is the etymology and origin of the English term, not an exact definition. Demos means "common people" as opposed
to an elite, who's rule, I am sure you would agree, is less desirable... since it is what we have now and it is not very fair now is it?   


Yup, nothing at all like bitcoin.   

And not all democracies operate on the 51% "first past the post" voting system.
Look up words and concepts like "proportional representation" and "quorum" for a few examples.
I don't mention these to typify bitcoin but just point out there is more to "democracy" than your limited understanding of the term. 

He means, perhaps, that some people misuse the term.


Some people call things blue which aren't really blue. Does that mean we should stop using that word for things which are actually blue?


"Democratic" is a fine enough word to describe what the bitcoin experiment is all about.  You can talk until you're blue in the face to try
and change the meaning of the word based on others misuse of it, but, I suggest, it will still represent those positive qualities, already mentioned,
to those with a reasonable education in the English language.  

Isn't the point that bitcoin is meant to be better than the current fiat money?  Something more... god forbid... democratic?   

I can point to many. I will only choose one to make the point: My girlfriend's book club.
 
Do you and hazek think that "democratic" is a term that should only refer to the political governance of nation states?   lol

I am referring to the use of terms like "spreading democracy and freedom" to represent America's imperialistic adventures around the world.


I won't argue with that... but does that change the real meaning of "democracy" and "democratic"?

+1

That is just one specific form "a" democracy can take. Just one form that does not define all possible forms.

You know they put those numbers in front of those definitions in dictionaries to show that a word can have multiple definitions.
Not all of them apply in all uses of the word.   

Anarchism and those others things can very well be democratic. One of the best ideals of many forms of anarchism, imo, is the concept of voluntary association, which is very democratic.



That is just one specific form "a" democracy can take. Just one form that does not define all possible forms. 

Oh so that's your big point?  Because a good real world example doesn't exist that nullifies the concept?    lol 

Really? Many people?  Has G.W. Bush and the neocons screwed up the English language that much that people don't know what is what?   

Could not the very fact of  [voluntary] participation be seen as something like a vote in favor of that particular system over another system in which the person could also choose to support, through their participation, if they chose?

 

But can you read my edits to determine what point they are trying to get across?

Many of the words and concepts hazek uses to describe bitcoin are synonyms for "democratic". 
 

Good job.   

Do we need to get into definitions of "govern" as well.   

A few synonyms should suffice:
control, sway, influence, conduct, supervise, superintend.

Bitcoin is supervised by the common people.
Who are these "common people" allowed into that position?
Whoever wants to participate...
i.e. it is democratic. 

Lets try a little etymology:
Democracy, from the Greek demokratia "popular government," from demos "common people," + kratos "rule, strength"

Bitcoin is very much democratic.    

Yup.  I think I see it on my XP laptop as well. 

Impressive realization for one so young.  Some waste their whole lives chasing that "shit beyond their nose."  
But you'll do alright. I am sure we will be hearing from you again with your next project.