Crypto is no more of a Ponzi Scheme than Fiat currency is, the big difference is Fiat currency is back by threats of violence (aka government).
That's a delicate illusion and does not survive well when largish minorities declare the social contract void.
No, if voters don't like the result, they can still use force, anytime they like. Like what Belarusians did in 2020 after obviously rigged circus election (though their force was far from enough vs. their government-in-power backed by Russia).
Liberty is a well-armed lamb contesting the vote!”
-- Author Unknown
So that alone invalidates the idea that voting is "consent to be governed", saying that is like saying when a mugger that comes upon you with a demand of "your money or your life" means you "consented" to give the mugger you money when you hand it over.
Second people feel the force of government every day, most have assimilated this consent threat into their lives as just a part of living but even in the most "free" nations consent threat is there, did you fill out your tax return correctly... is that cop going to pull me over.... etc etc etc etc
The delicate illusion is that this consent overriding threat of violence by the state is somehow legitimate, ethical and moral
However so is the "responsibility" narrative. Both are over stating the importance and function of voting. One does not, and can not have a responsibility or obligation to choose between a Giant Douche and a Turd Sandwich [1].
Low participation rate is an indictment of the entire system.
It’s different if you are under Venezuelan rule, it’s government is small, authoritarian and incompetent.
There is no fix for that.
"Fiat" currency has a lot of people overseeing it, and armies protecting it. I'll take that over SBF any day.
Even with fiat's issues--for example, with a stroke of a pen, Biden can print and confiscate money and transfer it to privileged college borrowers, causing inflation--it still works better. In this case, our court system is slowing the process down
<<Checks US Debt Clock site>>>>
Fact Check: False.... not slowing down at all... US Government spending is still extreme irresponsible and fast approaching insolvency... but hey the courts stopped a 0.0000015% increase so yea.....