Breitman, co-founder of tezos, recently compared many decentralized autonomous organizations to her middle school experience. she highlighted the importance of avoiding scenarios where one member takes on a larger role in decision-making than their peers and emphasized the need to ratify decisions that have been agreed upon. breitman also argued that an effective dao requires a way to enforce decisions, rather than relying on the whims of the group.
Comparison took place in october of last year, when tezos reached an all time high of $9.12 on coingecko, with a collective market value of $924 million. many projects in web3 are engaging in “decentralization theater”, striving to represent ideals central to crypto, but prioritizing mass participation over organic community growth.
To the tezos protocol are only approved if a majority of people holding the cryptocurrency vote in favor. this system helps protect the network from potential hard forks, which can cause a blockchain to split in two. many projects have “aggressive programs” that give high yields for people to participate, but eventually, the momentum stops and the money box runs out. baking decentralization into the structure of a web3 project is essential for its survival and this is why breitman argued that an effective dao requires a way to enforce decisions, rather than relying on the whims of the group.