It is why I think we need to explore new ways of democratic control and decision making! Through technology there could be different solutions to the problem of representation.
It is particularly interesting because twitter is so diverse, I think my point is mainly that there are no efforts put into turning making these things happen. And why would they be? The status quo works out very well for those in power.
>It is why I think we need to explore new ways of democratic control and decision making! Through technology there could be different solutions to the problem of representation.
Example of the latest crypto scam that I read about yesterday:
"...a fairly simple [governance] attack:
1. Propose a piece of code to the protocol that says "send the entire treasury to my address A"
2. Buy a bunch of equity tokens and vote the change in
3. Send the entire treasury to your address A"
Step 2 is possible because of flash loans.
"Literally in a single transaction, the attacker buys a ton of governance tokens, injects malicious code into the protocol through governance voting, then uses the malicious code to steal a bunch of money. Web3 is insane"
It is particularly interesting because twitter is so diverse, I think my point is mainly that there are no efforts put into turning making these things happen. And why would they be? The status quo works out very well for those in power.