But how does Tezos compare to…

Speaking as a strictly amateur (wrt computer science, mathematics, economics and government), the dynamic governance mechanism of Tez0s is appealing yet somewhat opaque. You claim Tezos is capable of evolving from delegated proof of stake to futarchy or toward (a simulacrum of) representative democracy. Beyond these choices, are there intrinsic constitutional limits to the form of future Tezos governance? Could, for example, it become a monarchy, or non-hereditary dictatorship? And if these sorts of outcomes are possible, do they represent stable, permanent governance modes? If there are any stable possible future governance modes, wouldn’t it be expected that Tezos would eventually fall through the event horizon of one such black hole and become yet-another-inflexible-blockchain-protocol?

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