Everyone can agree that the governance system needs to be changed. MakerDAO is paralyzed by an inability to reach decisions quickly because there are a lot of teams. It's not clear if the problems will be resolved by Endgame.
Johnny_TVL, senior research analyst at Messari, says it's hard to say how the impact of Endgame will be. It seems like it would decentralize the protocol. It isn't likely to work as advertised.
It is possible to exaggerate the complexity of Endgame. Luca Prosperi, who works in lending oversight for MakerDAO, described the posts in a Substack post. He says a "Tolkien-esque glossary" is needed to comprehend the latest version of the plan.
Di Prisco is willing to trust the MakerDAO founder despite his doubts during the voting process. The founder is often the only one who can see the end of things.
He admits that he is the only one who understands the proposal. He doesn't understand it completely. I can't tell you all the future paths.
You can't see the wood for the trees because of the status quo. Things begin to coalesce to a point where you can at least count the things you need to know.
There is a correlation for DAOs everywhere.
There are questions about whether complete decentralization can ever be achieved, and if it is even a good idea.
Decentralization is the only protection against the overreach of governments and corporations according to some people, while others are willing to compromise on decentralization to make it easier for the largest possible audience.
Danny says the debate has been hampered by a lack of intellectual rigor and consistency around the concept of decentralization, which has become a cliché used to signpost a general philosophy.
Despite their admiration for the spirit of the MakerDAO project, none of the community members that spoke to WIRED claimed to be optimistic about the long-term viability of DAOs. He says that he almost gave up on the idea.
Di Prisco thinks that the architecture of the protocols and expectations people have of governance is the reason for the failure of the DAO.
Danny believes that the biggest problem is the failure to get enough people to vote. The result is a system that pushes people to fall in line behind a figurehead and thus begins to resemble a traditional business.
Danny disagrees with the idea that the best ideas rise to the top of the pyramid. MakerDAO is not a place where you can find good ideas.
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