This is really interesting. I've lately become more curious about theories of transaction costs - how traditional firms might have an advantage because they don't have to bargain over every decision and have understood lines of decision-making. I'm wondering if decentralized organizations might have a transaction cost problem.
> An army led by a council seldom conquers: It must have a commander-in-chief, who settles disputes, decides in emergencies, inspires fear or attachment. The head of the Ring is such a commander. He dispenses places, rewards the loyal, punishes the mutinous, concocts schemes, negotiates treaties. He generally avoids publicity, preferring the substance to the pomp of power, and is all the more dangerous because he sits, like a spider, hidden in the midst of his web. He is a Boss.
You're probably right that voting on everything is not the best way to go, but this is the first Ethereum project that doesn't seem useless or some kind of money grab.