3 ms·

I think you're right that the lack of fractional ownership undermines what should be the primary benefit of the crypto + DAO model. However, I think they aren'

by spir 5y ago

I think you're right that the lack of fractional ownership undermines what should be the primary benefit of the crypto + DAO model. However, I think they aren't doing the fractional ownership to avoid running afoul of securities laws-- ie. this is a coincidental drawback of this instance of a DAO under today's US laws, and less so a fundamental issue with the DAO model.

wallacoloo 5y ago
90% of what “ownership” of a non yield-bearing asset gets you is governance over the project. We’ve seen things like UNI and ENS which are governance tokens w/o any yield component, and they keep value. So it’s sort of just a game of semantics. Plenty of people are contributing to this expecting that the governance token will be worth as much as their contribution — you’re just not supposed to be super vocal about that to avoid drawing attention from the SEC.