Which, in fact, would open up the same rat race with determining which accounts are real and so forth.
Not disagreeing with you, just circling around this same problem. Feels like the world still isn't ready yet.
I was on a subreddit for a while that voted on rules and had a rotating dictator to facilitate them. It worked decently well, although it never got to the point where the sub was brigaded. This was also pre-LLM so moderation was still a big time sink and the sub eventually fizzled out