Chris Blec, DeFi researcher and founder of the Blec Report, explains why the involvement of Andreessen Horowitz (a16z) in a contentious Uniswap governance proposal flies in the face of crypto’s core value: decentralization. He argues that the venture capital firm’s ability to potentially sway the vote in favor of a portfolio company undermines claims that DeFi is “people-powered.” The vote, which is not yet concluded, is the latest venue for people to debate the merits of DeFi governance and whether one token really should equal one vote.

Show highlights:

why a16z decided to vote against a key section of the Uniswap governance proposal

the problem Chris sees with the current design of DAOs

whether there is a parallel to be drawn between TradFi and DAO governance

why Chris says people are mistaken when they think about the goals of crypto VC

whether the fact that some VCs control so much voting power goes against the ethos of decentralization

how Chris thinks VCs are funding lobbyist groups to push for their interests, not those of crypto as a whole

why Chris believes the "one token, one vote" system doesn't work

some alternatives that could be pursued to help the issue of whale token voting

whether regulators will come after DAOs and especially the ones that are using current governance mechanisms





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Guest
Chris Blec, DeFi researcher and  founder of the Blec Report

Twitter

Tweet about token voting


Tweet about engaging with a16z


Links


Unchained: Does a16z Control Uniswap?



CoinDesk: Contentious Uniswap Vote Highlights the Opaqueness of Decentralized Governance


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