Muhammad Aliyudinn
@muhammadali05
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The reason why "DAOs" require traditional governance is because blockchains can only do strict global consensus
The assumption is you need a token to organise said governance, but this is not true. Indeed, some DAOs would be much better off following the worker cooperative or consumer cooperative model, rather than the public company model, with democratic voting and vetos for checks and balances (instead of being controlled by few whales, as it is for almost all crypto projects now - not just not decentralized, but very centralized. VCAOs, if you will, pun intended)
Yeah, I get it, token gambling is crypto's big usecase, but it doesn't have to be. Building the best possible protocol to attract the most users might not be such a bad idea for the long term 11 replies
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Tangentially, all other value accrual mechanisms in crypto should be minimised to remain competitive with non-crypto solutions
Fees, commissions, margins, and yes, tokens, all of that needs to tend towards zero
Tokenless, governanceless, intermediariless, non-profit protocols are the true USP
PS: only applies for valuable 3-5 usecases where strict global consensus is useful, for everything else non-crypto is simply better 9 replies
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