Joe Wait(@JoeWaitOfficial):By not distributing revenue DAOs risk governance attacks: 1. Token becomes worthless. 2. Governance becomes disengaged. 3. Treasury becomes fat. Centralising control as a preventative measure is a governance attack in disguise. Address the root cause

2026.06.27 08:27

By not distributing revenue DAOs risk governance attacks: 1. Token becomes worthless. 2. Governance becomes disengaged. 3. Treasury becomes fat. Centralising control as a preventative measure is a governance attack in disguise. Address the root cause - misaligned incentives.

Michael Egorov@newmichwill

2026.06.27 06:59

Here's the thing. Pure-governance DAOs do not work! They do end up as decentralization theater. One DOES need economics to be connected in. Now, question is: - What if ENS redirected all revenues to participating token holders? - What if ENS was supported in all major browsers?