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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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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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Yitong
@yitong
and I do think this is changing. most serious projects have seen projects of the last cycle mess this up and are taking this a lot more seriously!
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