ace
@ace
DAOs are theoretically very interesting, but the enthusiasm and care from the ones who are "allowed to participate" is overestimated. it's really challenging to get people to even come back anywhere. they likely need a product/service that has achieved PMF to even have a shot thoughts? maybe i just don't know enough
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Matthew ๐ต๐ฉ๐ ๐ฎ๐
@mstublefield.eth
I just happened to write this last night: https://paragraph.xyz/@mstublefield/dao-vs-foundation
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Mr Sonic
@mrsonic30
Yup, I totally agree! So let's build something new out of the box!
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Ese ๐ณ
@esss
Yearn finance did a wonderful job at this, I donโt know if they still do it but there was a time I was contributing to the ecosystem and they paid contributors via votes on a 50k bounty for all contributors, at the time I was doing drawings for twitter and other socials and I got some veYFI in exchange
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Vlady๐ฉโ๏ธ
@vlady
enter ๐ค๐ฉ
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SydneyJason
@sydneyjason
I've spent a few years working fairly extensively on behalf of an obscure DAO that raised some funds in the last NFT bull market. I poured quite a lot of time into it, earned status, proposed and ran projects (not necessarily in that order). It formed a large part of my web3 identity.
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ShamanicArts
@shamanic
honestly, DAOs seem to work best when created around a clear goal, & often something temporary. its not that its hard to build the momentum necessary for a DAO, its just hard to maintain it
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Sangnamza๐ฎ๐ฉ๐ง
@sangnamza
Enter
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One.L
@eliotpuplett
Depending on whether or not constant participation is required, I don't think it's a problem. In most organizations, people tend to self-segregate into a group of active and inactive participants. Just look at Youtube: ~61 million creators vs 2+ Billion users.
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vpabundance.eth ๐ฉ ๐ก ๐ช
@vpabundance.eth
100% agree, the only reason we've seen large success in eligible voters participating is because they're loosing ETH rewards if they don't. But I think your point more broadly is spot on.
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ibi patria ๐ฉ๐ฅท
@benclair
There are things for which a degree of concentration and focus is better. Like a startup cap table.
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