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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Writing @ https://kanfa.macbudkowski.com/

Increasingly coming around to the idea of quadratic voting and retroactive funding as an interesting solution. Curious to see how it scales up. Shout out to @ted and @warpcastadmin.eth

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
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http://icebreaker.xyz/syed.fc

thanks, @syed! quadratic voting isn't perfect, but it worked p well in Colorado.

also @macbudkowski, encourage you to check out @erik's conversation with Joe Lonsdale on his new pod "Upstream": https://www.youtube.com/watch?v=9hSkrLQw-Eg. Lots of talk about aligning incentives, accountability, etc. lmk what you think!

Thanks for sharing, will listen tomorrow at the gym and share my thoughts ❤️