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https://warpcast.com/~/channel/governance
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Joe Blau 🎩
@joeblau
What's going on with compound is hilarious — GoldCOMP team gifted themselves $25,000,000 via a governance vote. #OAP strikes agin! https://compound.finance/governance/proposals/289
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links 🏴
@links
lol wow...when code is law goes wrong?
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Joe Blau 🎩
@joeblau
Been going wrong since the original DAO lol.
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links 🏴
@links
At this point the only people asking for everything to be completely permissionless are scammers
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Joe Blau 🎩
@joeblau
I think you can get there, but the question becomes the incentive. Most people don't understand equity ownership and only show up once something has been created by a small, focused, centralized team.
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links 🏴
@links
If a small, focused, centralized team builds something that is worth attacking/investing in, then why should they give away their power? Wouldn't a trad structure work better for them? Even if they want to release a token for other reasons, don't they still want some level of control? Right now people have been doing it by disbursing tokens to mainly insiders...it's just trad-org with more steps.
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Joe Blau 🎩
@joeblau
Asking all the right questions. Bitcoin is actually one of the best DAO models... it's PvP for the token, but everyone builds their own "centralized" bossiness on top. Whether it's Lightning, Block One, Bitcoin ATM's, Casascius Coins, or GBTC.
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