Nearchos

Reading this thread is a great example of why decentralized leadership is hard. 

Nouns has suffered from captured governance most of its existence, from what I've seen from the outside. Much like the majority of DAOs, mind you. Large holders tend to control the votes. This is nothing unique to nouns!

Some people *prefer* it when there's a strong, informed leader(s) that can control decisions. Keeps other bad actors and uninformed voters at bay.

Some projects do it on purpose as a path of progressive decentralization.

But the fact that there are people who don't even recognize that this is literally governance capture is why education is more crucial than innovation in this space.

Worse than having governance captured by people who may have dubious intentions is to have governance taken over by people who don't contribute at all and just want to enact Pournelle's iron law of bureaucracy:
"In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control and those dedicated to the goals that the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely."