You guys need to keep in mind that voting in NXT is not the same as voting in a democratic government.
Who there really need a built-in goverment inside payment system. Stand up and say. I wanna rely on math here, for example.
We are not deciding laws of what people can and cannot do in their lives, we are deciding the direction of NXT through the VS.
The risk of 51% of stakeholders deciding, for example, to randomly destroy someone's account
without a valid reason will have dire consequences, such as investors losing confidence in the system, thus causing a massive sell-off. Thus, it would not be in the 51%'s interest to just randomly destroy accounts. However, if there is a valid reason, such as a very large stakeholder intentionally distributing false blocks to attack the network (which can be proven, apparently), then the rest of the network can defend against this by perhaps voting to include that peer in the default blacklist (or just reduce his traffic), or even more drastically to freeze his funds.
My point is that the >51% stakeholders will never, ever (unless it's 1 or a few persons with enormous accounts conspiring. This is a concern if it does happen, but right now NXT is not even close to that, top holder is 5%) decide to do something that would cause the value of NXT to go down, thus hurting themselves. There may be other issues, if there are, I would like to hear them - after all that is why were are discussing this in the first place.
So now that's out of the way, there can be many positives of this system. First, deciding which features should be prioritized, funded and released. Secondly, to increase the number of sub-divisible units, for example, to cents. Etc. the list goes on. Without some kind of
global agreement, then it would be hard to claim the system is truly decentralized. Like others have mentioned before, perhaps we could have different categories/levels of voting, because it is unrealistic to expect everyone to care enough to vote:
Related to accounts: Require >51%,
period.
Related to features: Require a majority vote.
So in a way, it this can be translated to a democracy. Imagine 1 NXT = 1 Person. 1 Person = 1 Vote. Completely fair.
