A useful way to talk about governance of DAOs is to focus on value and how a DAO maximizes it. This is value in the broad sense of something people care about. Money is one way to measure value, but it is not the only way. Many approaches to governance miss this, which causes a lot of issues. In traditional organizations (tradorgs), governance is equated with committees, boards, and such. In much of the DAO space, governance is equated with voting. These ideas aren't wrong per se, but th...