Great post. "Smart Contracts cannot fix Dumb People" -- after 2+ years in the BitShares community, I strongly agree. And that is no slight or judgment on any of the wonderful, hard working people who have really wanted something like this to succeed; it's just a fact that different people have different priorities, and that making something fully subject to their votes eventually creates some paralysis. I'm a big fan of decentralization and power to the users, but BitShares certainly hit a wall there and DAO probably will, too.