W.r.t. the Ice-T example, a good liquid democracy implementation would still have several advantages over what we have now:
1) If Ice-T does a poor job, his delegators complain that something bad was "done in their name", they can trace to their Ice-T delegation and remove it. They don't have to wait two or four years for an election cycle.
2) Even if Ice-T doesn't know much about, say U.S. foreign policy, he may find someone who does and whose personal values are in pretty good alignment with him and his fans. So, Ice-T delegates his us-foreign-policy votes to the expert he trusts.
3) Ice-T may take his increased power seriously and start learning more about foreign policy so that he can do a good job. And option 1) puts him in check if he does not.
Google Votes is a 20% project that myself and several other Googlers run. Currently, the app is only available internal to Google and we haven't open sourced it. The paper is (obviously) public as well as two Tech Talks on YouTube.
http://goo.gl/KLBxv0http://goo.gl/7yRSP1