DAOs have multiplied in the last two years empowered by the potential to move the world through democracy. But are they a firm alternative to the traditional governance models? (Via CointelegraphZN)
“Sometimes, I see the DAO de-fund projects I saw a lot of value in,” Goldstein explains. “As a full-time employee, I still have to put in a funding proposal.” But, with monthly votes, it is still “much faster than other companies I’ve worked on.”
On the other hand, Goldstein says she worked hard as the only female in the DAO. “I was proud of the DAO when I turned the logo pink for a day and received a great outpouring of support from the men in the DAO.” This has yet to entice a major influx of female DAO members.Governance problems remainIn early February, a heated debate in crypto Twitter touched on inclusion, diversity and cancel culture over a number of incidents related to decentralized projects.
His contract was terminated with the legal entity linked to ENS. But, what about his large holding of DAO’s governance tokens?Members of the DAO put forward a motion to its members, or those that hold tokens to vote on key decisions, to remove Millegan. Yet, he is a “delegate” that holds 370,000 votes that were “delegated” to him. He is the largest delegate in the DAO itself andThe answer is not that simple, according to Freuden.
Freuden’s report cites Dunbar’s Law, a British anthropologist, who argued that people can only maintain a total of about 150 relationships, noting that: Still, how were investment decisions made by FlamingoDAO? Did all 70-odd members have a say regularly? Art and NFTs are highly speculative.Subscribe for thoughtful explorations and leisurely reads from Magazine.Thus, there is a belief that investment DAOs work well in the small petri-dish environment. This is due to pooled capital and crowd-sourced knowledge in a crypto-native club.
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