Governance Theater vs. Governance Reality
When Decentralization Becomes a Performance In the first two pieces of this series, we unpacked why decentralization isn’t something you can achieve through legal structure alone, and why control, not just ownership, determines how decentralized a system really is. This time, let’s talk about governance. If you spend enough time around DAOs, you’ll notice something quickly: everyone loves a vote. Governance proposals. Snapshot polls. […]
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