Moving beyond coin voting governance

One idea is to treat the token as reputation, and distribute them using rules one would use for distributing reputation: e.g. if a member did something that helped the organization, give them more tokens, and if someone did a horrible thing then strip away some of their tokens. Ideally, this would result in an organization ruled by those with the m... See more

as DAOs scale (# of members), their voter participation (# of voters as a % of members) falls. On-chain voter participation starts out around 50% for the smallest DAOs and falls to around 5% for the largest DAOs.

Token Governance means all holders need to vote in order to effect change. This is “positive consent” in the sense that enough stakeholders need to actively approve a new proposal. It functions as an Executive Branch, maintaining full authority over all other components of the system.