Despite being in a WEB3 environment, a lot of this terminology is not trivial to me. WEB3 is a decentralized environment and a company or business can benefit from using many of the tools available or tools that don't exist yet. The DAO, for example, is a great way to make important decisions, as each member owns a piece of the company by having tokens for a particular project. The problem is when these tokens are centralized in the hands of a few. At HiveBR we created the HBR token, which was a way of remunerating the delegators who support our project. This token also gave us the power to vote on decisions regarding the rules and functioning of our community, but the problem I saw was that when there was a vote some members had too many tokens, which made the vote unfair.
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I think that the concept of the DAO is not bad, however so far I haven't seen an instance where its implementations brought good results. As you say, often it's the stake structure that actually is all but helping a few people to define the votes. It was like that in HiveBR but it's the same with the Hive DAO. I believe we aren't were we want to be yet in this respect.
True, at Hive we have the same problem! This was certainly an excellent topic!
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