Governance

A thread about @Coordinape, DAOs, decentralized compensation and its potential and pitfalls, and what it all might mean for the future of work:

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 🧵

If you're building a DAO, you need to design rules that protect your organization from death by a million suggestions. It's way easier to throw out ideas than to shoot them down, but your DAO needs a clear goal and focus is crucial. The bar for suggesting an idea should be high.

Often significant governance power is distributed to early DAO contributors But what happens when those contributors leave or reduce involvement? A short 🧵