I need to say that there is some solid tech in that space but there are still some fundamental problems to be solved, structural problems, and I'm not seeing a solution. But we are not here to talk about it...
Reading about DAOs is funny because I really understand them now, after talking with those friends of mine who know nothing about tech and should have handled other parts of the project. I understand their meaning: 99% of the time they are a clever way of fooling people.
There is a lot of enthusiasm around crypto lately and some smart people, overhearing a lot of stuff (and fluff) they don't understand simply try to jump into the bandwagon. They are smart people in their lives but without tech knowledge they become the bigger fools when entering the crypto sphere.
But when you fool a smart person he will try to fall on his feet, he will never admit he got fooled so now he needs to fool someone else so to exit the game with lesser losses, or even gains if he's really smart... it's a weird variant of a Ponzi scheme and also an incredible social experiment.
My two cents.
edit: some language errors