my biggest issue with this is that i don't believe democracy really works at scale.

wikipedia vs encarta is used as an example of the success of a decentralised network effect in adoption and growth vs the centralised much more limited encarta. i think you could argue that wikipedia is just as centralised as encarta ever was.

i think any decentralised network will eventually skew towards increased centralisation. something we see already in the centralisation of mining and/or network validators.