Earlier quoted context omitted.
Thanks for a thoughtful response! I agree more referendums would get to a better level of participatory democracy. Though on any specific issue it could still be a 51% win with 49% going away angry. I'm not sure how blockchains makes more frequent referendums easier. Maybe harder to game the system? Apart from that it seems like a platform for regular referendums could be built without blockchains. It's still relativ…
Math is more trustworthy than the state. One of the few things both Democrats and Republicans can agree on is the state of the Bitcoin ledger. Political representation becomes obsolete with blockchains that can facilitate a referendum on every issue without the need for centralised trust.
1. Vote machines change votes - Great, the blockchain would allow people to verify their vote! Well, the software that sums up all blockchain votes could still miscount them, regardless of what the blockchain contains. Ok! So we can audit the results! Great, we can already do that with paper ballots.
2. Dead people voting - Again, same as the audit before. We see a John Smith voted on the blockchain. We can look up John Smith based on a paper ballot, just as we can with the blockchain.
3. Illegals voting - The same process used for identifying voters and giving out private keys can be used for verifying voters
But what about risks you have introduced?
1. By making everything electronic, you've shifted the risk from local elections, to state actors.
Signing keys are not magic. If a country found a solution to the factorization problem, or solving discrete logarithms, the scheme would collapse and they could forge massive amounts of votes.
2. Getting 300m people to manage cryptographic keys is impossible. Keys will be stolen, just as bitcoin wallets are. Now you need to deal with revocation of votes, and other controls that nobody has yet invented.
tldr: blockchains are dumb