Ethereum Name Service (ENS)

You probably know me as the guy who is bearish on DAOs. But I want to set the record straight regarding the ENS DAO. ENS Labs is trying to create the narrative that the ENS Protocol is failing because of the DAO and its politics. Yet it's labs that has been developing and doing protocol BD the last 4 years and all numbers are indeed down because of them. The DAO has in fact created a huge community of people and companies that built around and supported ENS to help it grow to where it is today. Without a doubt, if it was not for the DAO the ENS protocol would not be where it is today. But Labs is failing in the way they develop and market ENS to new blood. And with the market being down, they probably see the writing on the wall so they thought they should just create a narrative for DAO bad -> we good that will allow them to steal the DAO's treasury so they can continue to operate despite their incompetence safely for decades into the future. The DAO was decentralized 5 years ago but as ENS Labs token

You probably know me as the guy who is bearish on DAOs. But I want to set the record straight regarding the ENS DAO. ENS Labs is trying to create the narrative that the ENS Protocol is failing because of the DAO and its politics. Yet it's labs that has been developing and doing protocol BD the last 4 years and all numbers are indeed down because of them. The DAO has in fact created a huge community of people and companies that built around and supported ENS to help it grow to where it is today. Without a doubt, if it was not for the DAO the ENS protocol would not be where it is today. But Labs is failing in the way they develop and market ENS to new blood. And with the market being down, they probably see the writing on the wall so they thought they should just create a narrative for DAO bad -> we good that will allow them to steal the DAO's treasury so they can continue to operate despite their incompetence safely for decades into the future. The DAO was decentralized 5 years ago but as ENS Labs token

ENS has $160M market cap. That's less than the value of all the houses in my HOA. Move on and think bigger, guys.

Saying "we never sold" doesn’t really excuse the fact that using a token to leverage the community to help boost your brand and product will come back to haunt you when you broke your promise to them. * ENS launch a DAO in 2021 and introduced a token. They gained resources, attention, and recognition by claiming that everything was under DAO control. * They earned their reputation as a "legitimate" name service by establishing a council and having a diverse range of delegates serving the DAO. * They attracted builders to ENS thanks to grants, which were based on the notion that "this token controls the treasury." So, just because "DAO" no longer sounds cool and get you anything you need, you're labeling those who supported you in the past and are voicing their concerns about the proposals on behalf of other ENS holders, as "spreading misinformation". --- I've been on the project side of things, and I've never really been a fan of airdrops and tokens. so I do strongly agree with tons of the "why DAO does

Make all the criticism you want of ENS Labs, the DAO or its current state. But respect ENS. Honestly, one of the best things my wallet can do is to sign an IPFS content hash into and have a website published. $5 for 1y of domain is so cheap, and there is so much stuff that it can do that your .xyz is embarrassed to be compared. ENS is open, public digital infrastructure. Right now the discussion is how much do we value the guarantees that it stays so. There is no real part of this discussion on whether it’s valuable. That’s a given, and that’s why it’s worth the fight for keeping it open.

ENS has $160M market cap. That's less than the value of all the houses in my HOA. Move on and think bigger, guys.

$ENS And that is how good TA should be. ENS did what was called in the last update, we saw the range retest, and the continuation now. If this chart stays in this mood for few more days, we can really see targets getting tapped, it just has to break below $4.35 with force. #CRYPTO #TRADING #BTC #ETH #ENS #MARKETUPDATE

1/ Once hailed as a replacement for corporate structures, DAOs are in retreat. ENS just proposed handing its $354mn treasury to a foundation board, arguing token voting is "structurally good" at protocol stewarding but "structurally incredibly bad" at running an organization.