So I appear to have voted against the majority here, so let me lay out my reasoning and hopefully convince some of you to change your signals.
#1. Tokens are not sets of eyes/brains.
In general it’s agreed that the wisdom of the crowd is ‘a thing’. The larger the pool of people we have scrutinising every vote and every decision the more likely it is that one of them will spot something that endangers the system.
Arguments against this can normally be summarised as: ‘The best argument against Democracy is a five-minute conversation with the average voter.’ There is some truth behind this too, but we are building this community around the principle of scientific governance. We emphasise the value of evidence when making decisions, this principle should help to mitigate the danger of a large group of people with false beliefs influencing the system.
#2 Those who hold large amounts of tokens will tend to fall into a narrow subset of demographic groups.
Most people don’t have the amount of money required to purchase a large amount of MKR tokens. I would also claim that the western world got a ‘head-start’ on owning MKR tokens (the project originated in the west.)
If we want the DCS to be a net benefit to the less fortunate, we need to hear those voices in the governance process. If we want the DCS to become a global bank, we need to attract people around the world to the governance process.
People from different backgrounds and cultures will have different ideas about how to govern the system, we need those ideas! We need their participation to avoid the same pitfalls as the legacy financial system. If we send the message that MKR tokens are all that matter, we will drive those people away.
#3 We need to build our community and tokens can’t do anything.
Tokens are not humans, they are not capable of productive work. The more people we have taking an interest in MakerDAO and devoting time (paid or unpaid) to contribute to discussions, to development and to community projects the better.
Now the DCS is not MakerDAO, and MakerDAO is not the DCS, but the DCS benefits from the expansion of MakerDAO (and vice versa). Ultimately without people driving MakerDAO, the DCS will not reach its full potential.
Why am I talking about expanding MakerDAO when we’re talking about voting in the DCS? Because voting and small MKR ownership is one of the key introductions to the project. Every small MKR voter is an expansion to the pool of humans that could potentially become active community members. This pool of active community members can potentially become employees of MakerDAO. The larger our recruitment pool, the better talent we have access to.
TLDR: There is way more at stake than the security of the DCS, our goal should be to get as many people as possible voting.