In Defense of Coin Voting

When DAOs are needed The growth of DAOs in general and the massive success of some of the most innovative ones inevitably result in the perception that the route to growth and robust network participation requires a DAO structure. In times of ebullience, market forces make it easy to assume that every organization, community, or project needs a DAO... See more

Theoretically, governance should be structured in a way that both focuses on the primary users who are the most engaged in the community as well as the largest token holders. A simple mechanism for this may be that governance can be split past just token allocations and instead issued like multi-class stocks, whereby ownership and voting rights are... See more

1. Delegated Voting During the past year, leading crypto applications have innovated significantly in token-based governance. The most important new feature is delegated voting, which allows token holders to transfer voting rights to others. In addition to increasing diversity of perspectives in governance, reducing voting power concentration throu... See more