Dissecting the DAO: Web3 Ownership is Surprisingly Concentrated

This could occur in many different ways: For example, all organizational decisions could be determined by tokenholder voting, but token ownership and voting turnout could be widely dispersed among many “minnows” (persons each holding a small % of total token supply/total voting power). Alternatively, different types of decisions could be delegated ... See more

The DAO movement claims to be democratizing corporate governance: With a DAO, all investors can vote on the organization’s decisions. But there’s a reason entities of any size, from school districts to shoe companies, adopt a representative model instead of attempting pure democracy. Leadership, expertise, and accountability improve outcomes, vs. s... See more

In the following paragraphs, I will first argue that the current cryptocurrency market is extremely hostile to the cultivation of token-based DAOs, and then point out a huge flaw that’s intrinsic to token DAOs, and finally provide solutions that will not only help DAOs grow better & faster, but also get rid of the ludicrous idea that the rich shoul... See more