1. What do you think of DAO?

DAO is a track that I was very optimistic about in the early days, around 2018 and 2019.

At that time, I was much more optimistic about DAO than DeFi. The reasons for this have been mentioned in my articles multiple times:

Because the operation of DAO can theoretically be completely conducted on the chain, it can completely detach from the interference and influence of the centralized world on the chain. DeFi, on the other hand, is not like that. Most DeFi applications cannot do without oracles and need oracles to obtain information from the off-chain world to feed back to the chain. This opens the door for interference from the off-chain world to the chain.

My ideal DAO is a system composed of smart contracts with sufficient autonomous capabilities, which can advance and maintain the project entirely through on-chain operations.

However, after so many years of practice, we have basically not seen such a DAO exist, or even if it does exist (such as Aragon), not many people are using it.

We have hardly seen a DAO play a significant role in any project. The vast majority of DAOs are simply used for voting with tokens, and even the significance of this voting is very limited because the majority of decision-making power is still in the hands of the project party or important initial investors (especially some top-tier VCs).

So, ideals are ideals, but reality is quite cruel.

However, I still believe that an ideal or close-to-ideal DAO will definitely come in the future, but it is very difficult to estimate when that day will come.

Furthermore, I also believe that even if such a DAO appears in the future, it will still have a strong core leadership and will not be a loose structure. This strong core will break through the limitations of geographical location and nationality imposed on the current corporate management and will be a core team that gathers enthusiasts and stakeholders from around the world.

It will be similar to the collaborative form on Github, but it will definitely be more efficient than Github because the incentive of token economics will play a huge role in the operation of the DAO. In addition, the undisturbed operation of smart contracts in the DAO will demonstrate a more powerful, open, and transparent effect than Github.

2. What do you think of ENS?

It seems that readers mention this project every once in a while, which on the one hand indicates that it is indeed an old OG in the Ethereum ecosystem, otherwise people wouldn't keep remembering it; but on the other hand, it probably also precisely indicates that this project is unremarkable and stagnant.

I even feel that other projects in its ecosystem (such as ens.vision) are more vibrant and energetic than it.

It gives me the feeling of being "unable to lift the weight".

Earlier this year, I saw this project making efforts to expand to the second layer of Ethereum. However, several months have passed, and there have been no more news or progress.

I sold its tokens a long time ago, and I rarely actively follow it now. I have always kept some domain names that I think are good.

3. How about the ORDI team?

As I understand it, whether a project has a team means whether the project is consciously developing and maintaining the same project continuously.

ORDI is a token described by a statement. Although it has a founder, once it is launched, the token is technically fixed and does not and will not have any technical updates, nor does it need anyone to maintain it.

So, in my opinion, this token cannot be said to have a team.

Although later its founder improved the existing protocol and even invented a new protocol, it was all for launching and issuing new tokens, which are essentially continuations of ORDI.

The relationship between ORDI and all the subsequent tokens like inscriptions and runes is like the relationship between Bitcoin and the subsequent cryptocurrencies.

This Saturday (July 6th) evening, we will have an online discussion on Twitter. If you have any questions, please reply to the following link:

https://x.com/DaosViews/status/1808011332572401813

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