New thinkers are tinkering around with ideas that challenge the very nature of governance structures in human society today. Quadratic voting (QV) is one such idea that has been gaining a lot of ground lately. The public continues to call governments into question. Wealth inequality is growing, corruption is widespread, and the relentless pursuit of technological efficiency is threatening job security.
Populism is a logical result and movements everywhere are popping up to challenge the status quo. The Yellow Vest movement in France, Brexit, Protests in Venezuela, and the rise of socialist ideas in the US are a few making headlines. Turning to crypto, the situation may not be that much better. Fans often tout blockchain as a superior system to the establishment, but it continues to run into its own governance problems. What’s a humble voter to do?
Quadratic Voting in a Nutshell
Quadratic voting is a collective decision-making process that allows citizens to vote based on how strongly they feel about an issue. Simplistically,…