Why did Democracy fail in DAOs? w/ Theo Beutel | Devconnect 2025

Continuing the publication of interviews from DevConnect in Buenos Aires, I sat down with Theo Beutel (academic secretariat at the Ethereum Foundation, researcher at Centre for Democracy Studies Aarau, University of Zurich) to reflect on attempts at democracy with DAOs. As someone who has worked as the governance lead at several DAOs, Theo had a lot of insight to share.

We discussed his recent paper Digital Democracy in Decentralised Autonomous Organisations, the role of academia in Ethereum and why plutocracy has largely dominated the DAO space. By and large it seems that innovation in governance in crypto has followed the needs of investors and not other classes of people. 

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ICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking.

The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.