Kill Token Voting Before Plutocracy Fractures DAOs

DAO governance is broken. Built on the corporate shareholding model, “1 Token = 1 Vote” creates plutocracy. Wealthy funds buy control, steer proposals, and alienate retail. This East India Company model lets a tiny group extract rent. Solving cooperation purely through game theory assumes rational, greedy actors, producing a digital colosseum. Governance needs a rethink before protocols fracture.