Vitalik: Visa was founded with a similar concept to DAO and is now seen as a centralized institution

Vitalik Buterin pointed out in an article that Visa was originally founded with the concept of decentralization, which was highly similar to modern DAOs (decentralized autonomous organizations). However, now Visa is seen by many as a "decentralized autonomous organization"; Extract Value” Or“ Oppressive; Institution. Vitalik believes that this transformation process provides important references for the governance and development of current Web3 and encrypted networks. The relevant discussion also mentioned the proposal put forward by Dee Hock, the founder of Visa; Chaordic Organization” The concept emphasizes that Visa was a pioneer in decentralized governance and ownership, and is worth reflecting on and learning from in the cryptocurrency industry.