The person who gets to decide how to break down policy into binary decisions and when to ask questions is the one with all the power here.<p>Suppose they want to suppress a 49% minority who care far more than the 51% majority and will pay far more. Assume that if the question (e.g. do you support gay marriage) was asked once, the minority could afford the votes for it to pass. If the person deciding what questions are asked wants to suppress this, they simply formulate the policy so that for the minority to get what they want, they have to answer 'No' to n binary questions (e.g. each of the n questions is a measure that bans gay marriage in a slightly different way). The minority can afford to overcome the majority on one question, but for some n, they can't afford to defeat the majority repeatedly. Therefore, asking the same question more than once would change the outcome.<p>Bundling decisions would also allow manipulation of binary preferences - for example, by mixing popular and unpopular measures (e.g. cutting taxes and re-establishing slavery) in a single decision so that just enough people considered it worth supporting, even though they don't support all line items.<p>The mechanism is therefore useless as a voting mechanism without some way of controlling how things get on the ballot.<p>Of course, the bigger issue (assuming, as the paper does, that a real currency is used and not an artificial one) is that the laws in place are never perfect, and measuring how much influence a group should have to make new laws based on how wealthy became under current laws will likely lead to dynamic evolution towards a solution that benefits a tiny minority.<p>For example, suppose we live in a fictional world where the currency is apples with 100 people. A person needs 1 apple a day to live (which is consumed, destroying it). The world has enough trees to produce 125 apples a day (and no more land to plant more trees). Due to an archaic and unfair law, people numbered 0-49 get 1.5 apples a day, while everyone else gets 1 apple a day. People 50-99 perform services to people 0-49 and get a little bit of extra apple in exchange. People 50-99 never vote, because they can't afford it (or if they do, it is the minimum - they always vote for everyone to get 1.25 apples per day), while people 0-49 put forward a bit over the minimum and easily win to retain the archaic law.<p>One day, people 0-48 decide they want more apples, so they propose to change the law so that person 49 gets only 1 apple per day. Person 49 puts in all their savings, but it is not enough, and the law is changed. Person 49 is now impoverished and in the same state as people 49-99. Gradually, this continues until one or two people have virtually all the superfluous apples - and everyone else even has to work hard for that small group of people to get even the one apple they need to survive.