@jenifermichael

DAO governance greatly reduces power imbalance with transparent on-chain voting, quadratic voting, conviction voting, and rage-quit mechanisms. Yet it cannot fully eliminate it — whale concentration, low turnout, and “1 token = 1 vote” often recreate plutocracy in disguise.Cases like MakerDAO and Gitcoin achieve far better balance than traditional orgs, but many DAOs still end up controlled by a few large holders.In short: DAOs mitigate, but do not erase, human power concentration.https://arxiv.org/abs/2307.04265 https://snapshot.org https://gitcoin.co/blog/gitcoin-dao-governance-retrospective https://daohaus.club

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