Decentralized Autonomous Organizations (DAOs) have been hailed as a way to democratize governance of projects, including many innovative blockchain initiatives across Africa. In a DAO, token holders collectively make decisions, ideally giving communities direct control. However, the classic DAO model – typically based on “one token, one vote” – often falls short of true democracy. In practice it can create a plutocracy, where those with the most tokens (i.e. the most money) dominate decisions.
Africa – Colonization 2.0
Africa’s struggle with “Colonization 2.0” refers to modern forms of economic domination that echo the old colonial patterns. Even after political independence, many African nations find their economic policies and resources heavily directed by external powers.