Does YangDAO enshrine plutocracy?

Interesting discussion on Twitter between a new Yang supporter, YangDAO and Ameen Soleimani about why they would want to put money into the YangDAO when a super donor could just shape the whole agenda.


See below

Ameen’s response was a little buried but also worth reading.

I concur with Leeward, @secondisthebest!

This one token, one vote design for governance is common amongst major blockchain protocols today. Why? First off, it’s easy to facilitate. Second, the “founders” or early “whales” are incentivized to have maximum influence. One token, one vote enshrines this.

Democracy can only work if one person has a single vote. We’re pioneering that here at STORE.