5min chapter

ACQ2 by Acquired cover image

Audius (with CEO Roneil Rumberg)

ACQ2 by Acquired

CHAPTER

Decentralized Applications and Systems - Is There a Risk?

The network right now is minting about 70 million tokens on an annual basis. It's distributing those to the folks that are creating the most value n the ecosystem, defined by lie driving engagement and other things. The biggest risk that govern in structures like this a run is that it's kind of like a a rhich get richer kind of model,. In that the people who control it will vote to retrench their own power over time and make themselves more powerful over time. So governance is both meant to improve and push the protocol forward, but it's also meant to punish those who are or misbehaving within the ecosystem.

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