“The critique is that our early DAOs actually aren’t that diverse - by design they reward the early adopters and “in-crowd” first. That they formalize what we already know about governance: those with the money make the rules. Those are fair, but short-term concerns. The upgrade from today’s global plutocracy is that DAO contributors and users can earn liquid political capital and delegated authority with breathtaking speed, and they can do so pseudonymously. But this is also where taxes are collected, benefits offered, and state compliance enforced. It wouldn’t surprise me to see some jurisdictions make it illegal to work for an unregistered DAO as a result. Then again other jurisdictions will likely invite DAO workers with unique tax codes that account for the difficulty in extracting tax without employer and banking oversight.”
Tagged: DAOs, Web3

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