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DAOs Need a Vibe Check

DAOs Need a Vibe Check
© Copyright Image: CurrencyCrypt

At first glance, we would assume that MinnowDAO is more decentralized than WhaleDAO. However, this conclusion doesnt consider who controls these wallets in the first place. Suppose, for example, that in MinnowDAO, 70 of those wallets are owned by one whale, i.e., the same person or group. Then MinnowDAO would actually be more centralized than WhaleDAO, with a single person controlling 70% of the voting power.

The post DAOs Need a Vibe Check first appeared on CurrencyCrypt.

Read more: https://currencycrypt.net/daos-need-a-vibe-check/

Text source: CurrencyCrypt

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