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RE: Hi, I’m William Mougayar from Toronto, Canada. I'm an investor & author of The Business Blockchain – the first business book that fully explains the blockchain’s implications on business.
Thanks for joining! What are your thoughts on the governence issues faced by DAO's?
It is a reality that they are pondering what they got themselves into, and it's a positive sign they are aware of it. They have a good problem on their hands, which is to decide how to adjust and proceed. It is a good problem to have.
We are all learning and testing the boundaries of what is possible, and DAOs in general have been aggressive in testing these limits. In typical fashion, some will overshoot, and then re-tract and adjust. I expect that will happen. At the end of the day, nothing beats a good business model, a good product and a great team, whether are on DAO auto-pilot, managed traditionally or semi-autonomously. You need to show a value system that is credible inside those DAOs and the ideas they are generating. The governance issues will take care of themselves I think, over time.