DAOs Are Not the Next Home for Online Extremism

Bybit
New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.
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When we see largely peace-loving, crypto-nerd, not-racist, “DAOs” use virtually identical communications facilities, we should not also conclude that this makes crypto people extremists, or that this makes DAOs friendly to extremists, or even that DAOs are appropriate for extremists. It means that DAOs, like many other online communities which use Discord and make it one of the most popular social media applications in the world, including political movements, all emphasize participation over secrecy. Adding a DAO into the mix does not create a “safe haven” from anything, and certainly doesn’t “circumvent government regulation and security services (sic) monitoring activities.” Quite the opposite, in fact.



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