DAO Bad (down bad) - an overview of how DAOs need work to be successful
Overview of how DAOs can improve and their current shortcomings. Provides brief solutions on how DAOs can improve and actually achieve their ideals. Currently, DAOs pretend to be community driven, open and transparent. In reality, DAOs are masquerading as traditional organizations, where outcomes can be manipulated, authority is overpowering, and not all activity is transparent (ironiclly). Rug pulls are a dime a dozen, with new scandals and issues popping up in the news every week. For DAOs to be the manifestation of their founders' ideals, we need to see decentralization at the very top, for founders/creators to let go of their control and to pass authority fully to the DAO and to be entirely transparent about all activity that occurs.
How it's made