DAOs are absolutely a scam. The only difference between DAO and Herbalife is one is a pyramid scheme while the other is a pyramid scheme that pays taxes and at least has protein powder.

Web3, as you call it, has been around nearly a decade now, and there are some fascinating tools you can use to explore it. Let’s take a case study to illustrate the utilities, along with problems you may encounter along the way.

Originally published at Typo Today.