That phrase “born at the wrong time” is a brilliant one—DAO was indeed too idealistic back then. Now AI can fill the gaps, and compliance has also eased. Bringing old political wisdom like representative government plus a bicameral system onto the chain might actually make it work—provided you don’t let users wake up in the morning and vote on risk parameters. That isn’t self-governance; it’s self-harm.

Crypto界网消息，a16z crypto general partner Ali Yahya posted that in the previous crypto era, DAOs (Decentralized Autonomous Organizations) were undoubtedly a failed experiment, but this may simply be due to "bad timing." He admitted that over the past decade, the industry has painfully rediscovered that "direct democracy is a bad idea" because no ordinary users are willing to wake up early to decide risk parameters or protocol upgrades. He emphasized that with the changing regulatory environment, the industry will regain legitimate space for experimentation, allowing exploration of representative democracy, bicameral systems, or hybrid architectures of permissioned and permissionless systems. At the same time, AI agents can fill many management duties that humans are unwilling to perform, thereby truly moving DAOs toward "autonomy." The new generation of DAOs, as software, will have an unlimited design space.