On Crypto Governance - a16z crypto

Crypto founders have a unique challenge in front of them. In addition to building a product that people want, they also need to consider how that product can successfully run in a decentralized manner — that is, as a protocol owned and operated by a community of users. This is a difficult challenge because much of what it takes to build a suc

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It’s possible that crypto governance will dispense with the concept of elections and fixed terms in favor of dynamic proxy. In other words, I can assign my voting rights to a delegate who I believe represents my interests, but I’m free to reassign those rights to another delegate (or myself) at any time. Logistically, this is pretty easy in crypto ... See more

While it is possible for DAOs to emulate cooperative governance, it’s more common to observe the easier-to-implement governance pattern of one-token, one-vote, since verifying one’s personhood is still a nascent field in the world of blockchain.