Hi, Ben Weiss here! I’m filling in for Jeff for the next three weeks while he’s on vacation.
Last week, crypto investors debated one of the wonkier terms in blockchain. In a discussion on X, Ali Yahya, general partner at Andreessen Horowitz’s crypto arm, mused about how previous iterations of DAOs, or decentralized autonomous organizations, didn’t work. “We spent the last 10 years rediscovering the hard way that direct democracy is a bad idea,” he wrote.
