Not really, the STEEM DAO was mainly stacking coins and only providing support to those in the in group.

Conceptually it could work but that is what we see with a lot of DAO systems. They become a waste of time for anyone who isn't buddies with those in power to even mess with it. Then those with all the support and power in the system can keep drawing off of it.

It is likely better than what Steemit Inc was doing in paying employees and dumping the coins all the time. Who iknows though.

We will see. It will be an interesting thing to watch and I will post stuff on both chains but I don't I anticipate the same situations that caused @partiko to leave and others. They won't be in the group so there won't be support for them and HIVE will be an ultimate former Steemian circle jerker's paradise.