Cult or DAO, You Decide
Published in
4 min readSep 6, 2022
A DAO or decentralized autonomous organization is a member-owned community without central leadership that has decision-making power in a protocol’s government.
A cult is a system of religious veneration and devotion directed toward a particular figure or object.
So, is a DAO equal to a cult? Or better? Or worst?
What is a cult?
According to Cult Education Institute, there are 10 warning signs of a potentially cult:
- Absolute authoritarianism without meaningful accountability.
- No tolerance for questions or critical inquiry.
- No meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
- Unreasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.