Content
@
0 reply
0 recast
0 reaction
polynya
@polynya
The concept of checks and balances have existed and iterated upon for millennia. Likewise with follies of plutocracies. Hubris is the only reason why almost all DAOs are 100% plutocracies with 0 checks and balances even after a decade of abject failure (Not all DAOs need checks and balances, to be clear, but most do)
8 replies
10 recasts
75 reactions
LilPing
@pingfeng
What does 'hubris' mean here? Like, what kind of behaviors or attitudes are we talking about when DAOs end up as plutocracies?
1 reply
0 recast
0 reaction
links 🏴
@links
Not OP - but people who have been around the longest tend to starting thinking of new people as « not getting it » and centralise power. Or private companies launch DAOs and don’t fully buy-in, keeping power for themselves (and investors). It is a tough line to walk because some group of people needs to be empowered to move the org forward, but if you aren’t leveraging « the crowd » there’s no point in a DAO.
1 reply
0 recast
2 reactions
CJ
@christanmon
Leveraging the crowd is going to be my mantra for the start of this week
0 reply
0 recast
0 reaction
