Token Governance is onerous. It often is subject to voter apathy as underinformed token holders are encouraged to participate in frequent, complex proposals.
The history professor Nelson Lichtenstein told me, “What you can’t measure, you can’t reward,” and that may be why executives are so focused on work hours. For decades, the corporate world has been consumed with metrics. Managers love tangible measures by which they can determine success or failure. Work hours is one of the easiest ways to measure ... See more
A well-functioning state without the need for DAOs would almost certainly be preferable to a degenerate state with DAOs, of course. But we might not be able to stop the collapse of the US, especially as climate collapse collides with political dysfunction. The DAO community seems to be attempting to establish a parallel system of financing and gove... See more
To put is still more plainly: the desire for security and the feeling of insecurity are the same thing. To hold your breath is to lose your breath. A society based on the quest for security is nothing but a breath-retention contest in which everyone is as taut as a drum and as purple as a beet.