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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)
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nintynick.eth
@nintynick.eth
Absolute power corrupts absolutely Checks and balances = accountability
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a1z2 💫
@a1z2
Would love to see visual schemas / taxonomy of different governance models that avoid plutocracy.
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LilPing
@pingfeng
What does 'hubris' mean here? Like, what kind of behaviors or attitudes are we talking about when DAOs end up as plutocracies?
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TheThriller 🎩 Adam Miller
@thethriller
You should join us tomorrow for our weekly call if you can! We love to talk about stuff like this! https://warpcast.com/thethriller/0x4823533b Although there is also some admin stuff on the agenda regarding the /daos channel
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Yitong
@yitong
Imo hubris rarely the cause. Most DAO design mistakes stem from a combination of short sightness & misaligned incentives from teams
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Khushboo
@khushbhoo
Can you explain more in detail
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Phil
@philastru.eth
That’s the problem, harder part yet more productive is whats the solution and even harder- who is building it
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mactar
@mactar
You are Humpy, aren’t you!
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