Only Ethereum managed to run a16z's Progressive Decentralization playbook:EF is exiting to the public via selling ETHAnd new foundations are taking over some of EF's tasks.While DAOs are moving the opposite direction: centralization WHILE they are selling tokens.tokenbrice (@TokenBrice):"progressive decentralization" just means they progressively realized they didn't want to https://t.co/F22izYSG1t ...

ENS founder self-delegated 3.26m tokens on june 22, now controls 50%+ of active voting power with just 3.2% of total supply. treasury sits at $350-500m. market cap is $176m. he blocked security council renewal on june 30, public goods grants killed july 2, ninth senior departure this year. 7% voter participation turned a DAO governing half a billion dollars into a one-man veto. token at $4.31 is a binary outcome: either you get $3.50-5.00 per token in dissolution value or labs moves the treasury into a foun ...