I was thinking about the impact of controlled mining. More precisely, the founder of the currency would control who can mine and who cannot - basically he would define the rules and conditions of mining. I understand the power you possess with that. However, what would be the impact on the democracy of a such cryptocurrency and on the other hand, what is the "price" of such a democracy vs security vs benefit.
It would no longer be decentralised currency. Anything that affects the coin's parameters that is outside of network control is centralisation. That's also not a democracy. That's a dictatorship.
If you could provide some sort of Proof of Vote system within the blockchain, that would work.
