Views on ENS, ORDI and other tokens

Source: Daoshuo Blockchain

1. What do you think of DAO?

DAO was 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. I have said the reason many times in the article:

Because the operation of DAO can theoretically be carried out completely on the chain, it can be completely free from the interference and influence of the centralized world on the chain. DeFi is not the case. Most DeFi applications cannot do without oracles, and they all need oracles to obtain information from the off-chain world and feed it back to the chain-------this opens the door for the off-chain world to interfere with the chain.

My ideal DAO is a system composed of smart contracts that has sufficient autonomy and can completely advance the project and maintain the operation of the project through on-chain operations.

However, after so many years of practice, we basically do not see such a DAO exist, or even if it exists (such as Aragon), not many people use it.

We have hardly seen a DAO that really plays a sufficiently important role in any project. Most DAOs just use tokens for voting, and even this voting has very limited significance, because most of the votes with decision-making power are still in the hands of the project party or important initial investors (especially some top venture capital firms).

So ideals are ideals, but reality is still cruel.

However, looking forward to the future, I still believe that the ideal or nearly ideal DAO will definitely come, but it is too difficult to estimate when that day will come.

In addition, I also believe that even if such a DAO really appears in the future, its leadership will still have a strong core, and it will not be a loose structure. This strong core will break through the limitations of the existing company management due to geographical location, nationality, etc. It will be a core team that brings together global enthusiasts and stakeholders.

It will be very similar to the form of cooperation on Github, but it will definitely be more efficient than Github, because the incentives of token economics will play a huge role in the operation of DAO. In addition, the undisturbed operation of smart contracts in DAO will also show 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. On the one hand, this shows that it is indeed an old OG in the Ethereum ecosystem, otherwise no one would keep thinking about it; but on the other hand, it probably also shows that this project is dull and stagnant.

I even think that other projects in its ecosystem (such as ens.vision) are more dynamic and aggressive than it.

It gives me more and more like "a helpless person".

Earlier this year, I saw that this project was working on expanding to the second layer of Ethereum. But several months have passed, and there has been no more news and progress.

I sold its tokens a long time ago, and now I rarely pay attention to it. I have kept some domain names that I think are good.

3. How is the ORDI team?

What I understand as whether a project has a team is whether the project has a team that consciously continues to develop and maintain the same project.

ORDI is a token described by a sentence. Although it has a founder, after it goes online, the token is technically fixed. There will be no technical updates, and there is no need for people to maintain it.

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

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

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