Wow I was F#$%#%@#% (censored language) amazed when I heard about QuadraticVoting for the first time here: 40.05
Quadraticvoting can be very useful. You basically vote with money. If you want a idea to be implemented, you can do this (I’m copying Arthur S Falls here) Pay 1 dollar for your first vote, 10 dollar for your second vote and 100 dollar for your third and final vote. When everybody voted, the money get split up equally (very important here NOT PROPORTIONALLY) between the voters.
The funny about quadraticvoting is IMHO, that you have a voting system of rich people who can pay a lot of money to vote and poor people who are in larger numbers can pay little money, but still get a money portion of a big spender. I just simply LOVE this idea, voting with money and distributing it equally among the voters. It also incentives people to vote.
Bitvote is a time based voting system. The beautiful thing is nobody can buy time, this is a demo of bitvote in action.
The only thing that sounded logic in my head, was if the SAFE Network had a voting system that just take the 2 ideas and combines them. So a voting system that is based on money & time, you know what they say: time = money.
BTW QuadraticVoting was an Ether.hack project, I didn’t pay it attention at first, but it’s a really powerful idea.