-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.
DAOs enable novel ways in which groups of people can come together, set shared goals, and collaborate with each other to achieve them using well-aligned incentives.
The author suggests that instead of thinking of DAOs as entities, they should be thought of as flows, which would better align with the decentralized nature of web3 technology.