I disagree with your statement that a badly governed blockchain is less dangerous than a non governed one. Thats's like saying any government is better than no government. ToC's will also be subject to the forces of free market economics - A bent casino won't last long when a slightly less bent one comes along, which then gets superseded by a reasonably honest one, which then gets out-competed by one that just gives you random odds and allows you to choose from a list of 20+ registered arbiters.
RE: Proposal for an incremental Constitution and Dapp layer governance on EOS