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Perhaps think of it more like voting in a public company, where the small shareholders votes basically doesn't matter. Of course, the large shareholders are al
by pcthrowaway 4y ago
Perhaps think of it more like voting in a public company, where the small shareholders votes basically doesn't matter.
Of course, the large shareholders are all people who created the company, early employees, and early investors in the first place.
So yeah, there's the illusion that votes from all shareholders matter, but if a company required even 30% of shareholders to vote to make changes, nothing will ever get done unless a few holders comprise that 30%
- ahtihn 4y agoWhat matters isn't percent of shareholders it's percent of shares voted. I'd find it very unusual if a company only required 1% of shares to be voted to reach quorum. With DAOs governance tokens are basically shares, so why does 1% make sense there?
- skinnymuch 4y agoCompanies work fine asking for more than 30% of shares getting counted. You said shareholders. Which is unimportant and not a thing for companies. The point stands then these sorts of DAOs are beyond silly