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OPINIONATED: The ENS Saga and the Pitfalls of DAO Democracy

OPINIONATED: The ENS Saga and the Pitfalls of DAO Democracy

FromCarpe Consensus


OPINIONATED: The ENS Saga and the Pitfalls of DAO Democracy

FromCarpe Consensus

ratings:
Length:
17 minutes
Released:
Mar 9, 2022
Format:
Podcast episode

Description

Will Gottsegen, CoinDesk’s media and culture reporter, joins “Opinionated” hosts Danny Nelson and Ben Schiller to discuss what recent events in the Ethereum Name Service Foundation (ENS) say about the limitations of DAO governance.When homophobic and transphobic posts from ENS director Brantly Millegan were uncovered, Millegan was promptly fired from his role at the nonprofit that operates the ENS. However, the ENS put the decision to remove Millegan from the organization as a whole to a DAO vote, but it failed to pass.Millegan himself was able to sway the vote. Without his voting power, obtained through tokens and delegations, the vote would not have failed. Additionally, almost a fifth of the total votes cast were abstentions.What does the ENS voting outcome tell us about the effectiveness, ethics and future of DAOs?This episode was produced, announced and edited by Michele Musso with additional production support by Eleanor Pahl. Our theme song is by Elision.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Mar 9, 2022
Format:
Podcast episode

Titles in the series (100)

This is CoinDesk's Opinionated, a roundtable debate that fascinates with each new thought provoking guest. It's the place to convey strong ideas, and at times share in the latest casual controversy.Join Features editor Ben Schiller and reporters Anna Baydakova and Danny Nelson as they push the conversation further with their own criticisms and reactions to the latest bitcoin and crypto news from around the world. Be the first to hear Opinionated by subscribing to the CoinDesk Reports podcast feed.