Too Long; Didn't Read
MolochDAO introduced the idea of “Moloch’s” in the 2018-2019 ETH bear market. Moloch is the image of coordination failure, which humans have struggled with for centuries and need to overcome to ensure the long-term survival of our species. The Moloch meme never gained much popularity or attention outside of crypto Twitter or a few echo chambers. I think the idea concretizes the rather abstract problems DAOs and the Web 3 movement strives to solve.