The goal shouldn’t be to recreate offline governance, online, after a period of trial-and-error. Internet-native organizations can’t and shouldn’t operate like geographic governments because they don’t face the same constraints. Once online governance models evolve past a certain point, they should be both different from and superior to offline... See more
Tokens that get their value from "governance rights" are mostly bullshit.
In order to assess whether the governance rights are actually valuable, look at 3 related areas:
- Scope
- Scale
- Selfish Benefits
Quick 🧵