Vitalik Buterin: Traits like predictability, robustness and neutrality are valued above efficiency in DAO governance

09/20 02:02

Ethereum founder Vitalik Buterin today released new article “DAOs are not corporations: where decentralization in autonomous organizations matters”. He said some current viewpoints believe that highly decentralized governance is inefficient, and traditional corporate governance structures with boards, CEOs and the like evolved over hundreds of years to optimize for the goal of making good decisions and delivering value to shareholders in a changing world. Vitalik Buterin believe that this position is often wrong. Realistically, we probably only need a small number of DAOs that look more like constructs from political science than something out of corporate governance. But those are the really important ones. Applications where DAOs are taking on nation-state-like functions like basic infrastructure provision, and so traits like predictability, robustness and neutrality are valued above efficiency.

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