Its year 2024, blockchain is a decade-old tech and a proposal worth 222M USD just got approved by token-based DAO, a system most, including Vitalik, think is flawed.

Its year 2024, blockchain is a decade-old tech and a proposal worth 222M USD just got approved by token-based DAO, a system most, including Vitalik, think is flawed.

https://www.tally.xyz/gov/arbitrum/proposal/53472400873981607449547539050199074000442490831067826984987297151333310022877

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spending 1% of that to better structure the DAO would be a considerably better ROI long-term

Hilarious, this proposal is filled to the brim with describing red tape, but ZERO investigation and research into why a category that has wasted billions over the last 3-4 years without a single quality product is worth wasting 2.25% of total supply on

Any traditional org this dysfunctional would be bankrupt long ago

Fascinating times! As the blockchain matures, it's intriguing to see token-based DAOs still making significant decisions. While Vitalik and others may point out flaws, there's no denying the innovation and resilience within this space. The proposal's approval is a testament to the evolving governance models.