Cult or DAO, You Decide

Photo by Luan Cabral on Unsplash

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:

1. Absolute authoritarianism without meaningful accountability.
2. No tolerance for questions or critical inquiry.
3. No meaningful financial disclosure regarding budget, expenses such as an independently audited financial statement.
4. Unreasonable fear about the outside world, such as impending catastrophe, evil conspiracies and persecutions.