In Defense of Coin Voting

One of the primary issues regarding protocol resolutions comes from the poor execution of mass proposals. The benefit of anyone participating in governance is that they may all propose changes to the core protocol’s functionality. The problem that arises from this is the mixed bag of nonsensical and interesting proposals that are clumped together i... See more

Treasury allocation power in protocol DAOs should eventually be distributed to contributors based on the reputation they have built. Individuals and groups who've contributed should have more allocation power. Grant programs are the first step to find and seed these contributors.

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

Coin voting governance empowers coin holders and coin holder interests at the expense of other parts of the community