DAOs and Don’ts – The Underlying DAO Problem and a Solution
Over 11,000 DAOs are estimated to exist.
And,
There is presently $12 billion locked up in treasuries, and more than six million governance token holders have been issued. Promising numbers.
But,
Of the approximately six million governance token holders, only 1.8 million can be defined as active voters. That’s a 28% voter turnout. Putting that into some democratic perspective in regard to national elections, just three countries in the world have electoral turnouts lower than that amount.
What seemed a promising article then drones on about "engagement", while totally ignoring the obvious: money. Most people are investors, or gamblers, and not voters.
Like most voters in most voting systems, your DAO vote is probably worthless compared to the whales - so why bother, especially if there is a fee to vote.
However, do keep an eye out if your DAO starts voting on total shit - and vote with your wallet. For example, I sold my LUNA when I started reading their insane idea of buying a ton of Bitcoin for no good reason.
yeah, limp article.
dunno if XRP is the only token where you have to deposit some fixed amount that cannot be redeemed - that can be used as a store of... voting power ;-)