Experiments in Algorithmic GovernanceThe following is an excerpt of an academic article [PDF] I wrote detailing why The DAO failed, and why other DAOs and blockchain technologies might also fail. In a nutshell, lack of an appropriate governance structure and plan, and insufficient recognition of the challenges of building new social models doomed The DAO. When building new blockchain platforms, one ought to plan for these eventualities.

Source: Why The DAO failed (and others might too) — Steemit