digitalmd.eth

💡From particles to potential, the new frontier is Quantum.🔸#ENS 📈 $ETH & NFTs hodLer.
🔸Web3 only.
⛵

[digitalmd.eth @digitalMD59]

🚨Hey #ENS frens! 👋
Check your name on @GeoCities_eth
👇

[digitalmd.eth @digitalMD59]

@Btcniumowang ✊

[digitalmd.eth @digitalMD59]

🎃 Conviction beats consensus. Collect what you truly believe in.

#Pokémon #ENS

[Riolu.eth @riolu_eth]

Day 1,294 of tweeting about Pokémon ENS until the floor hits 1eth 🧩

[digitalmd.eth @digitalMD59]

@ensvision @furyan_eth Of course! ✊

[digitalmd.eth @digitalMD59]

🛜 Big thanks to buddy for spotting the problem and sharing those great solution suggestions! 🙌 Really appreciate your helpful insights, bro!
👉 For the Foundation, for the DAO, for the LABS, and for #ENS builders.

Make $ENS Great Again !.✊

[ENSBroker (ethinker.eth) @broker_ens]

On the proposal to transfer more power from the DAO to the Foundation: I believe the core issue here is not ENS itself or the treasury, but rather governance and the extent to which DAOs succeed or fail as mechanisms for decentralizing organizational decision-making.

A few disclaimers:

1. I do not assume bad faith on the part of Nick, the proposed directors, or those opposing the proposal. I believe all parties are ultimately working toward making ENS stronger
2. I am not involved in the day-to-day operations of the DAO or its complex organizational structure. If I am missing something or misunderstanding any aspect, I would be happy to be corrected
3. This is my opinion, not an absolute truth

The most controversial aspect of the proposal is the transfer of treasury authority from the DAO to the ENS Foundation.
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Current structure:

A) The DAO makes budgetary decisions and operates through different Working Groups (WGs), each with a certain degree of ownership over capital allocation and other responsibilities.

B) The Foundation has a more administrative and legal role, with more limited involvement.

C) ENS Labs focuses on product development, infrastructure, and partnerships.

Proposed structure

A) The DAO remains responsible for protocol governance.

B) The Foundation takes ownership of treasury management and strategic decision-making, becoming the central organizational body. It absorbs the Working Groups and becomes a more centralized organization.

C) ENS Labs continues in its current role.

This brings up two distinct discussions:

1. Does this involve further concentration of power in a small number of hands?
2. Will it make operations more efficient?

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Concentration of Power

Some argue that "Nick.eth would end up controlling the DAO," while at the same time acknowledging that "Nick.eth currently has 3 million delegated votes" (approximately 23x the average voting power of the other top 9 delegates).

If that's the case, isn't the DAO already highly concentrated today?

Two points:

1. Nick's effective influence may end up being similar. Today, he has enough influence to largely shape treasury outcomes within the DAO. Under the proposed model, he would sit on the Foundation Board, which would directly oversee the treasury. The difference is that under the current system there are additional checks and balances, including mechanisms such as the Security Council. Under the proposed structure, meaningful intervention would primarily occur through director removal or non-renewal.

2. Is the discussion really about decentralization, or about who holds power? What happens if Elon Musk buys 10 million ENS tomorrow and ends up with three times the voting power of Nick.eth? Would the discussion remain the same?

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Operational Efficiency

Consolidating Working Groups and operational functions under a single structure seems reasonable.

@VitalikButerin has written about convexity and concavity in governance systems, and the core takeaway is simple: centralize where agility and execution matter, decentralize where broad consensus and legitimacy matter.

Having multiple semi-independent centers of authority can reduce coordination, create organizational friction, and weaken accountability. At the end of the day, decentralization often makes it harder to identify who is responsible for successes, failures, and decisions.

---

Conclusion

The broader discussion is about decentralization.

The question is not whether we trust a small group of people to make good decisions. The point is that crypto was built around the idea that trust should not be required: don't trust, verify.

If we can achieve transparency, reduce delegation concentration, maintain a diverse Security Council capable of opposing decisions when necessary, and strengthen checks and balances, I do not see the benefit of removing those mechanisms from the equation.

The current situation is far from ideal in terms of decentralization. Concepts such as quadratic voting could potentially help address some of these issues. For example, if quadratic voting were implemented, Nick's voting power would fall from 3M votes to roughly 1.8K, reducing the gap from 23x the average of the other top delegates to approx 5x. Centralizing even more power in fewer hands does not appear to improve the situation.

The more specific discussion is different. It seems reasonable for a dedicated organization to hold greater responsibility for strategic coordination and external representation in order to improve agility and accountability. The Foundation may be well suited for that role.

However, treasury decisions should continue to flow through a structure with slower processes and stronger checks and balances. Political friction is not always a flaw. It can create space for opposing viewpoints, constructive criticism, and ultimately better capital allocation decisions.

Whatever the outcome, I hope it is the best one for ENS.

MEGA: Make ENS Great Again

[digitalmd.eth @digitalMD59]

🚨 JUST IN: Current voting status.
@ensdomains
@ENS_DAO

[digitalmd.eth @digitalMD59]

✅ Couldn't agree more, mate. Your takes are spot on, well-grounded, and make perfect sense.
🏁 Sooner or later, the #ENS fam will tell this story, too..✊

[3636.eth @garypalmerjr]

I want to be very clear upfront:
✅ I am not against empowering the ENS Foundation.
✅ I think there is a valid case for the Foundation to be stronger as an executor, coordinator, legal/policy steward, standards advocate, and public representative for ENS.
🏴 But I am strongly against transferring practical treasury custody/control away from the onchain ENS DAO, (without a much narrower mandate, explicit red lines, and a separate high-threshold constitutional vote).

That distinction matters.
✅ The Foundation can be empowered as an agent of the DAO. But the DAO should remain the constitutional principal over the treasury.
🏴 The ENS DAO Constitution is not just a symbolic statement of values. It is what $ENS tokenholders signed onto. It defines the boundaries of legitimate ENS governance.
🏴 This current proposal is a constitutional-level change in where practical power sits...which cuts against the spirit of the #ENS DAO Constitution.
🌱Read more, here: https://t.co/GtEFgB1Qkv 🔐Ξ ⦅⦆

[digitalmd.eth @digitalMD59]

@riolu_eth @PokemonENS 🔥🔥🔥✊
#Legendary pokémon #ENS

[Vision.eth @ensvision]

💪🏼 ENS fam, here's where we stand

🔸13,000+ ENS names through Vision since January
🔸ViP points stacking - renewals climbing, new registrations every day
🔸This community shows up. Consistently. Quietly. Month after month.

Vision was never about being the biggest. It's about being the most useful. Renew. Register. Stack ViP points. Simple.

You built this. Every renewal. Every registration. Every name that didn't slip through the cracks because you handled it.

Keep stacking. We rise together 🧡

🧡 https://t.co/dUKGN0oHzt

#ENS #ETH #Web3 dsadas

[digitalmd.eth @digitalMD59]

@0xDoubleZero Congrats mate✊
#ethmoji999club
#ethmoji9️⃣9️⃣9️⃣

[digitalmd.eth @digitalMD59]

@ensdomains 🔥👀

[digitalmd.eth @digitalMD59]

@mely_jpg @iletisim @Communications "Congratulations, Türkiye, on this bold move. Which country is next?"

#ENS @ensdomains #Web3

[Hayden Adams 🦄 @haydenzadams]

Woke up extremely bullish on DeFi and Ethereum today

Uniswap launched in the 2018 bear, when Ethereum sentiment was at all time lows

Uniswap and other defi projects relentlessly built through that bear market and proved how powerful Ethereum can be, catalyzing defi summer and everything since

Now vibes are down bad again and Uniswap intends to build our way out of it. Last time it was by proving defi is possible. This time it will be by proving defi is inevitable.

The internet brought two disruptive changes: existing businesses moving onto the internet, and the formation of new internet-native businesses

The same duality will exist for defi: the tokenization of all existing assets, and a growing vibrant economy of crypto native assets. And it’s all happening right now, with more and more assets being brought onchain, increasing the value and productivity of crypto native assets.

As this digital economy grows, Defi is being integrated everywhere - payment processors, brokerage accounts, asset issuers. It won't stop until we eat the entire global economy

Uniswap the liquidity layer + Ethereum the settlement layer. The perfect combination of low counterparty risk, permissionless, programmable infrastructure

And all this will result in huge growth in protocol volumes and fee generation. Which reminds me:

UNI burn hit all time highs today, after several new sources of protocol fees came online.

And there are many more to come: v4, uniswap x, aggregator hooks, more chains, etc

Now add in all the new assets coming onchain

We're still at the beginning 🦄

[digitalmd.eth @digitalMD59]

@ensvision 🌈Vision pump time🤝

@ensvision #ETH

[digitalmd.eth @digitalMD59]

@maxidoteth 🔥🫶👍

[septiembre.eth @septiembre_eth]

🧵 There are four ways to have an identity in Web3.
ENS, Unstoppable Domains, BNS and .locker.
Only one of them is the real standard. And it’s not the one that does the most marketing.
A thread:
(1/8)

[digitalmd.eth @digitalMD59]

@DoggieWish 💸

[digitalmd.eth @digitalMD59]

@adam_fazai 5 Digit Palindromes are amazing—I love them.✊
@100kENSofficial

[digitalmd.eth @digitalMD59]

@0xamigo 💯👋

@10kClubOfficial

[ENSBroker (ethinker.eth) @broker_ens]

CryptoPunks = PFP
ENS = name

If you're a Punk looking for your name, talk to me