@Sakura please summarize this article, thanks uwu.
TLDR
This article discusses the challenges of decentralized governance and the efforts being made to improve it, including the work of Steve Ngok and his team at DoraHacks.
Key Points
Decentralized governance still has a long way to go, with issues like lack of voter activity on-chain.
Steve Ngok and DoraHacks are building tools to bring more privacy to on-chain voting.
The article explores how decentralized governance could be applied to civic governance, art, music, and consumer apps.
In-depth Summary
The article starts by announcing the launch of DCo.build, a new hub for founders to collaborate with the publication on advisory, distribution, and go-to-market strategies. It then transitions to the main topic of the article - the challenges of decentralized governance and the efforts being made to improve it.
The article highlights the lack of voter activity on-chain as a contributing factor to events like the “Humpty Dumpty” incident at Compound, where a member raided the DAO. The conversation then turns to Steve Ngok, a contributor building tooling to improve decentralized governance.
Steve recounts stories of DoraHacks hosting hackathons that birthed influential protocols like Injective and Polygon, offering a glimpse into the grassroots origins of today’s blockchain giants. The article then delves into the privacy concerns around on-chain voting, where everyone can see who voted for whom, and how Steve and his team are working to address this issue.
The article explores the potential applications of decentralized governance, such as in civic governance, art, music, and consumer apps, and how the tools being developed by Steve and DoraHacks could enable these use cases.
ELI5
This article is about how decentralized governance, where decisions are made by a group of people instead of a single authority, is still a work in progress. There are challenges like not enough people voting on important decisions.
A guy named Steve and his team at DoraHacks are trying to fix this by building tools that make it easier and more private for people to vote on things using blockchain technology. They’ve helped create some big blockchain projects in the past, and now they’re working on ways to use this technology for things like city governments, art, music, and apps that people use every day.
Writer’s Main Point
The main point of the article is to highlight the ongoing efforts to improve decentralized governance, particularly the work being done by Steve Ngok and his team at DoraHacks. The article emphasizes the importance of addressing the challenges of decentralized governance, such as lack of voter activity and privacy concerns, in order to unlock the potential of this technology across various domains.