Most people aren't good at leading normal organizations. Why should we expect that DAOs will somehow self-organize more effectively?
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Conversation
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I had the interesting realisation recently that one analogy for DAOs might be less joint stock corporation and more loosely organised collectives e.g. Wikipedia.
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Yeah but think about how political Wikipedia is and then throw in the opportunity to make a lot of money very quickly. Not sure that would make things better.
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