Systems aim to bring order to chaos, yet after a decade of on-chain governance in decentralized technologies, failures persist in achieving reliable and repeatable outcomes.
Decentralized governance was meant to allow a system to self-manage with collective intelligence, but it collapses in practice, undermining its own foundational promises.
Incentives reveal the core issue in decentralized governance: participants often prioritize self-interest over long-term stability, leading to imbalanced power dynamics and control concentration.
The failure of on-chain governance stems from human behavior rather than technology, as it depends on individuals acting in ways that contradict the system’s intended functioning.
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