I completely agree with everything that has been said in this article but I do want to point out a possible problem that is already emerging with decentralized governance - voting.

If we want a decentralized VC fund we want the community to decide who gets the funding. This sounds amazing on paper but getting people to vote without any immediate incentive is insanely hard. If you don't give them a promise of an airdrop or "sure profit" they will just forget about the whole thing and presume someone else will do the work for them.

This can be seen in DAO funds and DeFi in general. Most of the participants are in it for the profits, not the innovation.

That leads us to delegation which is in a way the same thing and centralized governance. Even though you can undelegate your voting rights when someone makes a bad call instantly, that call can not be reversed without a new governance vote.

A bright future indeed but we are still far from a perfect governance system to make it a reality.

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