Short Thoughts on DAO Takeovers

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10 months ago

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Something I realised while working @ConstitutionDAO & watching other "open DAOs": The builders will usually be hands down building and with no time to be active in Discord/community. The most active & visible people in the community can often be the ones adding the least value.

This is really dangerous, especially at the start, since it makes it really easy for "grifters" to take credit over everyone's work, or even hijack the DAOs leadership. It's the prisoner's dilemma all over again, if everyone collaborates but someone deflects, they can take over.

Sharing this because, as someone with no experience starting/leading DAOs before @ConstitutionDAO, this wasn't obvious to me at all. With so many new DAOs popping up after us, it's something to take in mind and try to prevent.