I haven't read the Tezos paper yet but I will add it to my reading list. Thanks!

I do think there is a lot of potential room for improvement in how blockchain governance works, especially in terms of delegate voting.

Maybe it is more reasonable to expect a majority portion of one chain and a majority portion of another chain to merge, leaving behind two stragglers, and then allow those who continue to hold the old tokens to buy in later at a decreasing discount.