What I’m doing here is taking the currently best solution for a DAO.
Which is widely established by the most popular tokens. Snapshot
Then I’m adding layers on top that can further decentralize the process…
Those extra layers come with different risks of manipulation. So a smaller percentage of power is allocated to different communities. That way if manipulation occurs in one of them communities then the amount of power can be changed by the rest of the ASTR community.
Example:
Imagine Binance wanted to pass something through the DAO…
They probably have a lot of ASTR so it wouldn’t be difficult…
They could only gain 70% of the votes in favour of a proposal if no other ASTR holders vote.
It would be unlikely that they would be able to game the DAO…
I’ve been thinking about this proposal for many months and I know it’s the best solution… Having been part of many DAOs in the past…
Imagine that this was the system in modern society…
Those “with money” would decide where the taxes should be spent.
But people forget that they have money themselves. So it’s not just the powerful that would be able to pass votes. You would need the whole range of community to be in favour of proposals.
It’s the best governmental system that has even been proposed, period…