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A DAO is fundamentally a voting mechanism. It isn't and doesn't do anything without custom software implementation, and more importantly doesn't really have any
by richbell 3y ago
A DAO is fundamentally a voting mechanism. It isn't and doesn't do anything without custom software implementation, and more importantly doesn't really have any enforcement mechanisms.
I say this because a DAO doesn't help solve the human element, which is the real problem in my opinion. If a vote passes 51/49 where 49% is the dev team, they can simply boycott the results.