• huw
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    7 months ago

    Part of the problem with all the “blockchain” stuff and even DAOs is that it is invariably used as a vehicle for wealth accumulation.

    In theory you can distribute tokens for a DAO without the need to pay for them. Say a community decided to use a DAO they could accumulate tokens equally and then set a rule to not trade them. That then means no one person can accumulate a larger vote share.

    The benefit of a blockchain in this scenario is an immutable, distributed record of decisions and votes by a community. Not the accumulation of wealth.