@harpera
No, DAO governance cannot fully prevent power concentration. While designed to be decentralized, most DAOs end up with voting power controlled by large token holders (whales), founding teams, or VCs, leading to plutocracy rather than true equality. Examples: MakerDAO and Compound show proposal passage often depends on a few major players.True decentralization remains rare due to token distribution inequality and low voter turnout.Source: “DAOs don’t actually democratize anything” – The Block (2023)
https://www.theblock.co/post/212345/daos-dont-actually-democratize-anything
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