Ledger LandISSUE #80 of 90

dao governance · token-weighted · quadratic

BlockyVSDouble-Spend Dan

Blocky saysDAO governance lets token holders vote on a protocol’s decisions — usually token-weighted.

A Decentralized Autonomous Organization runs by on-chain voting: holders propose and vote, often token-weighted (more tokens = more votes), sometimes quadratic (cost grows with the square of votes, dampening whales). Decisions — treasury spend, parameter changes, upgrades — execute via contracts. It promises community control but wrestles with low turnout and plutocracy.

Power-ups you unlock

Token holders propose and vote on-chain
Token-weighted or quadratic voting
Decisions execute via contracts
Struggles: turnout, whale dominance

Double-Spend Dan attacks — common mistakes

Assuming DAOs are fully decentralized in practice
Ignoring low voter participation
Overlooking whale/plutocracy dynamics

Boss battleContrast token-weighted and quadratic voting’s effect on whales.

Example code

<!doctype html><html><head><meta charset="utf-8"></head>
<body style="background:#06040d;color:#e6e0ff;font-family:monospace;padding:20px"><pre>token-weighted: 1 token = 1 vote (whales dominate)
quadratic:      N votes cost N² (dampens whales)</pre></body></html>

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