DAOs Need Strong Leaders Despite Decentralization

DAOs face a common failure mode where founders try to be super-democratic and leave everything to the crowd, but—as open source showed 20 years earlier—projects rarely succeed starting leaderless and faceless; you actually need a strong creator or leader driving the project early on, who can only later step back once an active community exists, so crypto's protocol-governed, leaderless ideal will have to confront this lesson.