"we don't have one big dictator"
Whether it's a single person, a Board, a Council or however else you want to call it, some entity has to be calling the shots.
You want to take a dig at Torvalds ? He can take it.
But, functionally, your method is no different. A decision is made from On High, and it is enforced in the community.
I'm glad you found a method that suits you, but don't go feeling all smug about it. Nominet used to be managed by its community, now look where it's at.