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My favorite part of Web3 are the characteristics of decentralized and community governance. Yet, VC's are making huge USD bets on the "companies" supporting the
by mbesto 3y ago
My favorite part of Web3 are the characteristics of decentralized and community governance. Yet, VC's are making huge USD bets on the "companies" supporting these projects. If these are truly decentralized and truly community driven, then a single source shouldn't be reaping financial rewards.
- Yizahi 3y agoCommunity governance where 2-3 rich people buy 50%+ of all voting power power and then do whatever they want, throwing under the bus thousands of poor fools who bought into creator's lies? That governance? Truly few understand.
- spaceman_2020 3y agoPretty much all governance is nominal. VCs and team members typically own the majority of the tokens and just swing all decisions their way.