DAOs Are Supposed to Be Governed by Votes, Right? Proph3t Says It Doesn’t Work

Description

Nick Almond, head of governance at the Jito Foundation, and Proph3t, cofounder of MetaDAO, debate how DAOs should structure power, from curated delegates to decision markets, then turn to whether a DAO should ever control its own treasury at all. Host: 👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin Guests: 👉 Nick Almond - Head of Governance at the Jito Foundation - https://x.com/DrNickA 👉 Proph3t - Co-founder of MetaDAO - https://x.com/metaproph3t This clip is from a longer conversation on DAO governance and treasury control. Full episode here: https://youtu.be/CxF2z4HS4qw We go live every Monday and Thursday - subscribe to catch it live. Sponsor: 👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters 🗳️ 0:00 How Jito curates DAO delegates instead of leaving power to a chaotic airdrop ⚖️ 0:58 Proph3t on why voting is a cost, and how a 51% attack captures a DAO 🔀 4:05 Alex Van de Sande's plan to redistribute 5 million ENS tokens to new delegates 🏛️ 7:33 Nick maps DAOs' next phase: substructures picked for expertise, not popularity 🍯 12:13 Why Jeff Lau called ENS's treasury plan a honeypot with zero accountability _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!