Why Voting Tokens Are F**king Horrible, And 4 Ways to Fix Them

Coin Voting allows token holders to participate in decision-making, but most token holders are not well-known (a result of attracting high-APY token holders). Decentralizing governance was delayed rather than building community. Despite the desire for decentralization (for regulatory, idealistic, or scaleable reasons), new alternatives have emerged... See more

Governance rights face similar challenges with both fungible and non-fungible tokens: ownership naturally tends to have a power-law distribution so the question becomes: what do you do about whales? This recent essay by Vitalik paints a clear picture for why this will become an increasingly problematic issue for DAOs, both in terms of incentive mis... See more

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.