DAO Problems
What are the biggest challenges that DAOs need to solve?
Primary challenges and issues facing DAOs:
Governance
Effective governance remains a significant challenge. DAOs often struggle with voter apathy, where a small number of participants make decisions for the entire organization.
Coin voting Sux - Vitalik
Coordination
DAOs still require leadership and real world human interaction. Coordinating actions and achieving consensus among a large, decentralized group can be difficult.
Alignment of intent and lack of commitment.
Legal and Regulatory
DAOs operate in a legal gray area, with unclear regulations and potential legal liabilities for participants.
Security
Smart contracts, while powerful, are not immune to bugs and vulnerabilities, which can lead to significant financial losses.
Onboarding
In what way different? Is it lack of background knowledge of blockchain?
Recognition
It is possible that quiet overacheivers can be unrecognised fairly for their contribution as others may not understand the value they have provided.
Optimium Size
Dunbar's law?