DAOs are meant to be completely autonomous and decentralized, but are they? -Breaking
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The organizational structure of the company is a Decentralized autonomous organisation (DAO) is fundamentally meant to be “decentralized,” some of the biggest DAO protocols including are not. Many of DAO’s day-to-day operations still require a core group of people to take major decisions. The question is: Are DAOs truly decentralized? Is it possible to decentralize the entire system?
DAOs are often compared with democratic nation’s governance. While the ideology is to have decisions for the country made by the people, it’s mainly governed by a few powerful individuals who hold most of the license to determine laws and control decisions. Like large companies, shareholders have the right to vote. But the board determines key policy.
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