Mac Budkowski 🥝 pfp
Mac Budkowski 🥝
@macbudkowski
Governments are known for wasting money. Why? - People who spend the money didn't have to earn it, - Decisions are democratic, so it's hard to hold people accountable for wasted money, - Money is public, so people treat it more lightly than their own $. How do DAOs ensure they don't become like governments?
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mk
@mk
IMO in some cases, the ability to waste money or spend excessively is a super power. Pooled funds are insensitive to individual budgeting constraints/norms which can lead to spending that wouldn’t have happened otherwise.
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Mac Budkowski 🥝 pfp
Mac Budkowski 🥝
@macbudkowski
Interesting point. Do you think in DAOs benefits outweigh the disadvantages? If so why it's not like that in a government - is it a matter of size and different conflicting goals it has to pursue?
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