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Blog iconDonovan Choy
Jun 2

Reply: Are DAOs Fake Democracies?

DAOs incorporate voting mechanisms into its organizational modes - similar to political voting - and as such has drawn parallels to liberal democracies. But it’s a pretense at playing democracy, critics commonly complain. Most DAO members and token holders don’t care to vote. This problem is pretty obvious. A quick look at most active DAO governance proposals finds that there is little to no voter activity. Even on protocols managing billions of dollars like Compound or Uniswap, active voters...

Donovan Choy

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Donovan Choy
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Donovan Choy

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