Token Sales as a funding mechanism is sorta 10x better, sorta 10x worse. The ability to easily break stupid laws and take funding from non-accredited investors is a great example of the sorta/sorta dynamic of tokens. It is great that the layman can get involved. It is great that network participants can receive value for their early contributions. ... See more

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

The limited representation of DAO membership is problematic because important decisions about DAO governance, equity and operations can only take single-dimension token ownership as input, or else rely on manual human assessment.