Recently reviewing several DAO proposals, the more I look at it, the more I feel that voting isn't "public opinion," but more like figuring out how to write incentives and distribute power. To put it plainly, who makes the proposal, who can change parameters, who gets the budget/exclusive rights, basically determines who will have the final say in the future; voting is just packaging this process more nicely. And then there's the design of "reward voters," which looks pretty appealing, but sometimes it pushes people to become voting machines that only chase short-term gains... which is a bit off-putting. In the blockchain game space, inflation + studios + coin price spiral collapse is also a result of incentives being misaligned, and in the end, everyone is scrambling to run away. Anyway, I now look at where the money comes from, where it flows, and who can hit the pause button at any time before I vote—don't just look at slogans, be more cautious.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments