"Good idea, but where those tokens go to, if you randomly distribute them again, you can end up back at the same problems," @DrNickA on Alex Van De Sande's proposal to redelegate 5 million ENS tokens to reform the DAO https://x.com/i/broadcasts/1OxwbbkprRVJB?s=20
Dr. Nick A comments on Alex Van De Sande's proposal to redelegate 5 million ENS tokens for DAO reform, warning about potential problems with random distribution.
"Good idea, but where those tokens go to, if you randomly distribute them again, you can end up back at the same problems," @DrNickA on Alex Van De Sande's proposal to redelegate 5 million ENS tokens to reform the DAO https://x.com/i/broadcasts/1OxwbbkprRVJB?s=20
"The average token holder does not really have the context or the knowledge to make effectice decisions on frontier protocols," @DrNickA says predicting DAO governance will shift towards expertise with specialized substructures https://x.com/i/broadcasts/1OxwbbkprRVJB?s=20
"The on-chain treasury management is what gives accountability to the token holders ... at this point, you would be trusting the [ENS] foundation not to just everyone retire," @DrNickA on whether DAOs should just govern protocols and not money https://x.com/i/broadcasts/1OxwbbkprRVJB?s=20