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.
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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?
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