Buy $100 worth of crypto and get a bonus $10

  • Trade crypto and digital assets
  • Significant sign-up bonuses
  • The most trusted finance platform

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) &USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • Home
  • >News
  • >Would You Join Kier Eagan’s DAO? A Severance-Inspired Crypto Nightmare

Would You Join Kier Eagan’s DAO? A Severance-Inspired Crypto Nightmare

Severance DAO

If you’re into crypto – concepts like: sentiment, speculating, and swapping, should be nothing new. This week, hot on the heels of the cliffhanger-to-end-all-cliffhangers Severance season 2 finale episode, I have been wondering just how close this imagined reality is to the one we have seen play out so often in decentralized autonomous organizations (DAOs).

Come with me as I imagine what it would be like if the monolithic Lumon-leader Kier Eagan, ran his own decentralized autonomous organization.

Understanding the Dogma: What is a Decentralized Autonomous Organization?

In an ideal world, a DAO is the embodiment of the perfect democratic system. All decisions are made by the community, for the community – usually through an equitable token-based voting system – and executed through non-biased smart contracts.

Speaking of which, if you are interested in refining the macrodata of how real DAOs work, check out our thorough What is a DAO guide.

DAO

Unfortunately, real-world DAOs frequently fall far short of this ideal (we’re looking at you, the DAO, Squid Game DAO, and even you, UFO Gaming DAO). As a result, they end up being buzz-heavy, not-quite as decentralized as promised, and downright vulnerable. All because of a lack of transparent communication and proper infrastructure.

I fear our imagined Kier Eagan-led decentralized autonomous organization would be the scammiest crypto scheme of them all.

The Sub-basement Intel on the Lumon Decentralized Autonomous Organisation (DAO)

Let’s take a trip down this Perpetuity Wing, shall we? I imagine the Kier Eagan DAO to be less a decentralized network, more a sanctified spreadsheet of obedience. It would likely break down as follows:

I am of Kier Crypto – Tokenomics as Faith, Not Function

Just like Cobel follows Kier’s doctrine with unwavering devotion, I suspect that Kier’s DAO would rely mostly on hype and implied values to get it off the ground at first.

Falling for a cult of personality is hardly a new concept in the blockchain sector. However, basing your financial decisions purely off what a token might be worth in the future, especially if it is based purely on some Kier-like dogma – may not be the best way to go when choosing a decentralized autonomous organization.

This might all feel a little woo-woo and cinematic, but if you are interested in broadening your outie investments, make sure that you do so through a trusted exchange, like Kraken. This ensures that the DAO you buy into has at least been properly vetted and investigated.

Kraken

The most secure crypto exchange

One Vote Under Kier – Waffle Parties and Waffling On

If the ambiguous rules and obscure white papers weren’t enough, I suspect that any votes cast under this fictional DAO, would be worth just about as much as the perks handed out by Lumon in Severance.

Votes on trivial matters, like:

  • Renaming Discord roles,
  • Or the shipping of inconsequential features,
  • Or meaningless rewards, such as commemorative badges, or valueless NFTs,

… don’t actually contribute significantly towards the blockchain. This probably goes without saying, but finger traps, dance parties – or even an egg bar – should never be a distraction from proper governance, transparent communication, or proper accountability.

If you’re getting culty crypto vibes from a real-life venture, I suggest keeping your hard-earned perks… er… tokens, safely stashed away in your desk drawer… er… hardware wallet. Hardware wallets, like the Ledger Nano X, are much less vulnerable to hacking attacks and will prevent unauthorized access to your funds.

The Ledger Nano X product shot

Ledger Nano X

  • Flagship Ledger wallet with industrial-grade security with bluetooth
  • Supports over 1300 crypto assets and tokens
  • Supports all major desktop and mobile operating systems
  • Connect to Ledger Live for staking, DeFi, NFTs and more
Cost $150
Cryptocurrencies 1,300+
Mobile support iOS, Android

Break Room Adjacent – When Leaving Feels Like Non-Compliance

If you’ve gotten even partly through Severance season two (don’t worry, we aren’t going to spoil it for you), you will already know that those who subscribe to the Lumon ideology have to perform their loyalty – or risk serious repercussions, disguised as “Wellness Sessions.” I strongly suspect that this would carry over into any DAO activities.

Just a word of warning here, do not let yourself be sent to the crypto Break Room in real life. And again… by this I mean do not forget all the resources and special features that can educate and warn you about potential Kier-level scams.

Platforms like Binance, offer ample resources to educate you on potential red flags. You can even rely on the platform’s multi-tiered risk control system, which functions like a note passed from innie to outie about a potential threat on the horizon.

Binance.us

Binance.us brings the best of Binance to the USA

If All Else Fails: Remember The Overtime Contingency

Perhaps the most troubling thought that I keep coming back to over, and over again, is the overtime contingency dilemma.

Much like when our favorite innies realized that they could be activated outside of work without their consent, the Kier-DAO would most certainly include some sort of overbearing entity pulling strings and controlling things behind-the-scenes.

The governance of our made-up DAO would seem decentralized, until someone flips the switch, and you are left – as Dylan G was, confused in a closet, confronting a new reality.

 Decentralized autonomous organization blockchain

Be More Than an Innie and Don’t Stake Your Soul

Alright, my fellow crypto cinephiles, as fun as this journey through our imagined Kier Eagan decentralized autonomous organization has been – it is time for me to head back to ground level.

While the Lumon innies are kept in the dark for the most part, that does not have to be our reality.

Here in the real world, we each have the ability to keep our “outie” perspectives when making important investment decisions. This empowers us to spot some of these glaring DAO-scam red flags discussed above, and reroute quickly to a better financial future. As my final parting advice, before I head out and greet Mr. Graner the security guard on my way out the door: Don’t be an innie, and always ask yourself, is this DAO allowing you to be the best version of The You You Are?

Go forth DeFi dreamers, and be sure to keep this little thought experiment in mind as you navigate the complex world of decentralization, blockchains and tokenomics.

Kraken_Logo

Kraken

  • Trustworthy exchange
  • Supports many different funding options
  • Accepts users from across the globe
  • High trading volume
OUR TAKE
One of the oldest and most secure crypto exchanges in the world. Kraken is an easy choice for beginner and experienced crypto users alike.
PROS & CONS
Pros
  • One of the original cryptocurrency exchanges

  • Exceptional security with no hacks in history of exchange

  • Amazing reviews from crypto users

Cons
  • Not available in New York

  • Account verification can be time-consuming

  • No staking

Binance.us offers services to Americans

Binance.us

  • Some of the lowest fees in the industry
  • Trade on the go with a user-friendly mobile app
  • Buy crypto easily through a variety of methods
  • Zero fee trades for certain coins like BTC and ETH
OUR TAKE
Binance.us brings the best of Binance Global to the USA. It may not have quite as many cryptocurrency options but it's a strong offering for Americans.
PROS & CONS
Pros
  • Low trading fees

  • Quality mobile app

  • You can buy crypto through multiple avenues

  • Uses the same powerful software as Binance Global

Cons
  • Not available in all US states

  • Selection of cryptos is much lower than main Binance site

  • Crypto withdrawal fees higher than main Binance site

CryptoVantage Logo

About the Author

CryptoVantage Staff

CryptoVantage.com is committed to simplifying cryptocurrency for everyday people. Learn more about CryptoVantage.com and our team on the About Us page.

Back To Top