brypto

a fair token launch
with shared fees
split to contributors and protocol
with a mixed asset treasury
triggered by a post

What all of these futuristic token org ideas lack is any semblance of good corporate governance

It’s not enough to automate the token flows in the system, you need governance — and that is a messy and very human process

I’m getting flashbacks of DeFi summer, we’ll probably rediscover governance forums 🙃

Please no 🤣

Humans are almost always the rate limiting factor in any system

Building something new. 🟪 Host: /venturecapital /adventures /theitinerant

Feature not a bug

A good board pumps the brakes on schemes that fuck over the shareholders

In a traditional corporate governance structure with clearly delineated shareholder classes and Director responsibility, yes. 

In typical DAO governance (which I inferred from "DeFi" and "governance forums"), not so much...the brake pumping just leads to inaction + no protections

I think you're agreeing with the OP: _good governance_ is necessary.