“Nobody Said It Was a Democracy”—Crypto Pundit Sardonically Weighs in on Venture Capitalists Dominating DAO Governance

“Nobody said it was a democracy. The ‘will of the community’ is the will of whichever cartel or whale has the voting majority, not the will of the disgusting peasantry.”
– Pseudonymous crypto pundit @degenspartan, sardonically reminding everyone that money talks in DAO governance. “If you want more votes, buy more coins,” he adds, in response to concerns that the large stake of venture capital firm a16z could make or break community proposals guiding the decentralized Uniswap protocol.
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