In Defense of Coin Voting

Coin voting fails because while voters are collectively accountable for their decisions (if everyone votes for a terrible decision, everyone's coins drop to zero), each voter is not individually accountable (if a terrible decision happens, those who supported it suffer no more than those who opposed it). Can we make a voting system that changes thi... See more

Shared governance is attractive, even if it has no teeth. DAOs and token-based crowdfunding campaigns showed that people are much more likely to contribute if there is a built-in mechanism to vote on how their money is spent and how their favorite companies are run.

What if we viewed the goal of DAO governance not as a way to agree on a limited number of decisions proposed from the top, but as a way to force people to disagree on a whole host of decisions proposed by the community—so that larger groups that are unwieldy to coordinate could continue dividing into smaller, more efficient ones while building valu... See more