How To Balance Power in Decentralized Autonomous Organizations
A disappointing "how to" that manages to list the possible ways in which a DAO is NOT decentralised.
The naive concept of "decentralisation" has not yet been clarified within the crypto space. Far too many flag-wavers who haven't bothered to look up at how full of holes their flags truly are.
A distributed network is not the same as decentralised governance.
Every DAO system is either controlled or can be controlled, if anybody wants to, by cartels.
I would genuinely be interested to know of any DAO that is truly decentralised - without obvious centralising mechanisms. It's a hard problem in mathematics and game theory - the easy part is believing it when it isn't true.
article bottles the issues.
the secret - there is no D.
democracy = mob rule
corporate governance = might is right
decentralisation = both