Sharif Ahmad
@sharifahmad
0 reply
3 recasts
212 reactions
9 replies
6 recasts
92 reactions
36 replies
29 recasts
226 reactions
27 replies
54 recasts
375 reactions
10 replies
13 recasts
100 reactions
0 reply
1 recast
16 reactions
13 replies
14 recasts
162 reactions
26 replies
16 recasts
266 reactions
4 replies
6 recasts
330 reactions
8 replies
12 recasts
89 reactions
25 replies
20 recasts
107 reactions
12 replies
89 recasts
266 reactions
23 replies
67 recasts
577 reactions
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 19 replies
64 recasts
174 reactions
0 reply
4 recasts
209 reactions
16 replies
120 recasts
287 reactions
24 replies
26 recasts
183 reactions
28 replies
73 recasts
371 reactions
45 replies
71 recasts
348 reactions
5 replies
8 recasts
21 reactions