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What is the difference between a bad actor and a well-meaning actor with negative outcomes? Dealt with literally hundreds of them at BanklessDAO. Anyone putting money over purpose is a dead giveaway. The worst part is that people like that cause good contributors to leave.
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crypto space always obsessed with incentives, "just one more and we can fully align purpose and profits" but i don't find it to be true, tokens and open markets generally corrupt young communities. most strong grassroots communities never put funding as the center of their community, funding and governance seems like a necessary thing that happens often much later, out of necessity, after they've built something thats valuable. the lived example for me is r/boxing – started as a subreddit, later a group chat, then a community slack, then a blog we'd publish fight predictions, then later a press pass for members to attend and cover fights if it was in their region. only toward the end did we need ability to coordinate funds, deal with revenues. but crypto seems hard bent on the opposite: token & treasury first, movement after.
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I think DAOs have to face incentives sooner than other communities because tokens: any time there is a token, there is an incentive. Any time there is an incentive, you can financialize it. It often distracts from fundamentals.
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