I went to the Pirate Party conference in the UK a few years ago. This method of decision making was proposed, but issue that was recognised was that of absenteeism. What happens when Alice gives her vote to Bob, but then gets disillusioned with the entire system and disengages without de-registering her delegation. Any liquid democracy system needs a strong way of differentiating between genuine delegation and disinterest, in order to stop legacy power accruals.
Couldn't the delegation have a time-out, such that Alice must renew her commitment to delegate her vote to Bob every 6 months or whatever we decide the optimal period is?
