Dogecoin creator Billy Marcus questions the viability and effectiveness of Decentralized Autonomous Organizations (DAOs).
Marcus emphasizes the crypto community’s focus on short-term gains and lack of incentive for building sustainable projects.
In a striking critique that resonates within the crypto space, Dogecoin founder Billy Marcus, also known by his pseudonym Shibetoshi Nakamoto, recently voiced his skepticism about the concept and execution of Decentralized Autonomous Organizations (DAOs).
On the popular platform X (formerly known as Twitter), Marcus expressed his views, asserting that “DAOs are almost universally stupid and doomed because ‘crypto communities’ are often exclusively interested in short-term profits, the hype is worth more than actual deliveries, and nobody has any incentive to build anything,” a sentiment reflecting the prevalent challenges in the blockchain sector.
daos are almost universally stupid and doomed because “crypto communities” are often

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