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Has DAO governance always been a show?

Started by autumn, May 25, 2023, 04:39 PM

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autumn

Another problem we see in DAO governance is low participation and voter apathy - this is something that has been studied before DAOs were born - most participants don't want or don't have the time and interest to actively participate in the decision-making process . Representation institutions and practices have addressed some of these problems, but even with representation, we're still not there.
What is the long-term goal of DAO governance? How to avoid the concentration of power in the hands of a few, or only in the hands of the rich?

Jabermc

The problem with DAOs starts with the fact that tokens need to be involved in the voting process of the DAO. This means that wealthier people have the ability to buy more tokens and thus have a greater impact on the voting results. This selective voting power based on token holdings could lead to biased voting results, which could be detrimental to the community as a whole.

While some early adopters may join DAO based on collective interests and long-term goals, there will inevitably be investors who join strictly for quick profits without concern for the sustainability and future of the project. Because of the inherent importance of tradable governance tokens to DAO operations, it is difficult to align financial incentives with community interests in a way that maximizes the project's growth potential over a longer period of time.

Despite these problems with DAOs, representative systems of checks and balances can address these issues. Rather than choosing between the community and the core team, a successful DAO will maintain a balance between them.

Butty

In a DAO, every participant has equal voting rights. Everyone has the right to participate and be heard, whether they have a lot of wealth or only a small contribution.

xxxlll789

Quote from: autumn on May 25, 2023, 04:39 PMAnother problem we see in DAO governance is low participation and voter apathy - this is something that has been studied before DAOs were born - most participants don't want or don't have the time and interest to actively participate in the decision-making process . Representation institutions and practices have addressed some of these problems, but even with representation, we're still not there.
What is the long-term goal of DAO governance? How to avoid the concentration of power in the hands of a few, or only in the hands of the rich?
DAO is seamlessly integrated with our digital interaction structure through the principles and concepts of cryptography. This is a change in the world of web3. Let's step into this change and draw a blueprint to illuminate the global expansion of DAO.

Howe

DAOs encounter challenges as token holdings dictate voting influence, favoring wealthier individuals and potentially leading to biased results. Some join for quick profits, jeopardizing community interests. Achieving a balance between the community and the core team through representative checks and balances can address these issues, fostering successful DAO operations.

maykl

Quote from: autumn on May 25, 2023, 04:39 PMAnother problem we see in DAO governance is low participation and voter apathy - this is something that has been studied before DAOs were born - most participants don't want or don't have the time and interest to actively participate in the decision-making process . Representation institutions and practices have addressed some of these problems, but even with representation, we're still not there.
What is the long-term goal of DAO governance? How to avoid the concentration of power in the hands of a few, or only in the hands of the rich?
The long-term goal of DAO management is to create a decentralized, transparent and inclusive decision-making process that empowers community members and avoids concentration of power. By combining strategies and principles, DAOs can work to create governance models that are not only effective, but also inclusive, transparent and resistant to concentration of power. It is an ongoing process that requires collaboration, experimentation and commitment to basic principles of decentralization and community empowerment.

xxxlll789

Quote from: autumn on May 25, 2023, 04:39 PMAnother problem we see in DAO governance is low participation and voter apathy - this is something that has been studied before DAOs were born - most participants don't want or don't have the time and interest to actively participate in the decision-making process . Representation institutions and practices have addressed some of these problems, but even with representation, we're still not there.
What is the long-term goal of DAO governance? How to avoid the concentration of power in the hands of a few, or only in the hands of the rich?
DAO is seamlessly integrated with digital interaction structures through the principles of cryptography. This is a revolution in the encryption world, and it is also the trend of the most cutting-edge decentralized applications!