Moving beyond coin voting governance

While I do not believe the only, or even the best, mechanism to implement decentralized governance process is through a one-token-one-vote scheme, I do believe that the token model is effective at translating social values into economic outcomes.

It reduces plutocracy, whale attacks, and voter apathy. Furthermore, it accounts for skin-in-the-game, direct signaling and is relatively permissionless. By using tools like Conviction Voting, holders can increase their voting power. Due to a lack of top-down strategy setting, convergence is a challenge for many DAOs. As a final note, the above sys... See more