>"Change without progress makes us all the more vulnerable to gatekeepers and other predators that are all too happy to exploit the illusion of gain. For those of us who are fluent in web3 and at ease in talking about Decentralised Autonomous Organisations (DAOs) it can be really jarring to see the label “DAO” slapped on all sorts of things that are anything but. Decentralisation of capital, if even that much is sincere, isn’t enough. For a DAO to be real you also need decentralised governance, actions, coordination and motives."