I tend to agree with Dan Olsen on crypto. DAOs are flawed because its not decentralized when it can easily be hijacked by the most powerful owners of the currency.
this post was submitted on 12 May 2025
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That's what I kind of assumed as well, but thought maybe I wasn't understanding it because it just seemed like techno-feudalism using a blockchain and corporate structure. But yep, that's exactly what it was all along.
Codifying "law" to this this extend is a bad idea. Humans relations are messy and many centuries of trying to agree on common rules have shown that you always need room for individual considerations and things like debt relief etc. (jubilees in extreme cases).
Automating such things is a way to justify cruelty without taking personal responsibility for it in the best of cases, and most likely it will be used to cement the biases and privileges of those writing the code.
Or to put it in the age old wisdom of our forefathers at IBM:
They are purpose designed to give wealthy powerful people more wealth and power while everyone else lives as serfs in a form of tech neofeudalism. It's bad.
libertarian
utopian
??
Their perspective, not mine. Guess I should have put that in quotes.
Fair enough
Sounds like unhinged nonsense.