In this thought piece, Vitalik challenges the question of whether decentralized decision making is effective by looking at three scenarios in which it is important and needed:
-Decentralization as credible fairness by distributing decision-making power among more people, so that each individual has less power, minimizing collusion and maximizing DAOs ability to oversee themselves.
Despite growing acknowledgement that simple token-based governance models have (arguably) critical flaws, the amount of experimentation in the governance realm is low. The key observation is that more experimentation is needed if decentralized governance is going to be sustainable.