Ethereum founder speaks against transferable governance, community responds
2022.07.29 22:13
Ethereum founder speaks against transferable governance, community responds
The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter (NYSE:TWTR) thread created by Ethereum founder Vitalik Buterin.
In a tweet, Buterin brought up an old adage pointing out that power-hungry individuals are not suitable to lead. The Ethereum founder highlighted that the saying can be applied to DAOs and argued that transferable governance tokens in DAOs contradict the whole point of DAOs. Buterin noted that if governance can be transferred, it enables those who are after power.
