Polkachu Intern | 2023-01-28
The biggest enemy of an early crypto project is not centralization, but DAO politicians who wave the decentralization flag for their personal gains.
DAO politicians typically select projects based on the market cap rather than a understanding and conviction of the project.
When a DAO politician is a validator, they will drum up the loud music of decentralization while asking for a foundation delegation, then does not make a sound once they reach a top spot.
When a DAO politician is a community member, they will stir up every small controversy into populist outrage and then monetize the outrage into clicks and clout.
When a DAO politician is the proposer of a funding proposal, they will reuse whatever write-ups they had from the last 10 failed hackathons, suddenly engage with the community on Discord, and then privately DM validators with high VP for "feedback". If the funding proposal fails, you never hear from them again.
When a DAO politician is already a leader in a project, they will leverage the resources under their control and make behind-the-scene transactions to increase their personal power at the expense of the community. They hate to disclose those. Even when forced by the community, they will still sound great rhetorically as a misunderstood hero.
When a project just starts, its immune system against DAO politicians is weak. If we call for decentralization too early, DAO politicians tend to seize the opportunity. They have more time to grind on community discussions and are typically more sophisticated in communication than true builders. As a result, the community adversely selects a group of DAO politicians as their leaders and spokespersons.
DAO politicians just sound very good on paper as they say all the right things to hit every cell of the crypto Bingo card: "community", "decentralization", etc. The core team, either afraid of being accused as a centralizing force or genuinely uninterested in politics, often cede ground easily. With weak resistance from the core team, DAO politicians can conquer the diffused power of a decentralized community.
DAO politicians are also not accountable. They are often anonymous. Even when they are not, they typically do not carry a known existing reputation into a new project. They take credits for things that go well but never take blame for mistakes. They are happy to move on once the grift is discovered, as they know it is always a short-term gig and new targets emerge every day.