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Many DAOs and Web3 Projects Are ‘Decentralization Theater’: Tezos Co-Founder

Tezos Co-Founder Kathleen Breitman says many Decentralized Autonomous Organizations remind her of middle school. “The way I see most of these DAOs fail, it’s like they basically act as a really crappy school project,” she said. “When I was in middle school, I was always the person who wound up doing the work in the school project, so I'm very sensitive to this dynamic,” Breitman said a DAO can quickly devolve into one member taking a larger stake in the decision-making process than their peers, and warned against putting people in a position of power that gives them the authority to overrule decisions once members of a DAO have weighed in. (Decrypt)

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