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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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© 2020 Relevant Protocols Inc.
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DigixDAO winds itself down with a vote by token holders with a pretty nice USD profit for all holders. They kept the burn rate of the actual underlying ETH low as well Imho. The projects results ask questions of the limits of Goverance in Decentralised Autonomos Organisations (DAO) but present useful findings too for future development of DAOs. "It's easy for the community to vote on simple yes or no decisions like "should we keep doing this?" It would be considerably harder for the community to reach agreement on more complex questions like "how much should social media managers be paid?" or "how do we quantify the benefits of Gold Silver Bull advertising DGX to its existing clients?" If there's a rule of thumb buried around here, it's probably that DAOs can handle small and simple decisions, but big, complex multi-faceted decisions are beyond them."
DigixDAO winds itself down with a vote by token holders with a pretty nice USD profit for all holders. They kept the burn rate of the actual underlying ETH low as well Imho. The projects results ask questions of the limits of Goverance in Decentralised Autonomos Organisations (DAO) but present useful findings too for future development of DAOs. "It's easy for the community to vote on simple yes or no decisions like "should we keep doing this?" It would be considerably harder for the community to reach agreement on more complex questions like "how much should social media managers be paid?" or "how do we quantify the benefits of Gold Silver Bull advertising DGX to its existing clients?" If there's a rule of thumb buried around here, it's probably that DAOs can handle small and simple decisions, but big, complex multi-faceted decisions are beyond them."
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