I think you make good vids man. You're right that most of the ICOs from 2016-2018 were just intentional trash scams.

DAOs and NFTs have had a rough go with hacks, infrastructure and rug pulls.

In the DAOs I've been a part of or used to be a part of, several have turned out to be either outright bank-run-type rugs or the slower rug variety.

I was in Spartacus Finance, Iron Finance, Merlin, Goose, Geist, and Ellipsis - all turned to shit pretty much from their ATH's; all but Merlin is active somehow....

I guess what I've learned from these experiences, to add on to your comments about investing in an idea (you gave the example of a "railroad across the ocean"), is that the transmission, synthesis and concretization of an idea being carried by an "autonomous organization" is still very much in its nascent period.

DAOs do have power in their decentralized nature (though many right now can't be said to be decentralized).

We need infrastructural development broadly across crypto and adoption. We've talked about before on Leo and on Peakd that a vulnerability of DAOs, as crypto becomes more mass-adopted, is that cancel-culture is real and if a DAO were to get truly big enough, cancel culture could pose a significant threat beyond the normal crazy volatility of our sector.