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Re: grappling with how to update registration prices after an ENS domain expires -- Different stakeholders want the expiration auctions to work differently. Fo
by magicjosh 5y ago
Re: grappling with how to update registration prices after an ENS domain expires --
Different stakeholders want the expiration auctions to work differently. For starters, there are the Devs, ENS owners, ENS users, domain speculators, token speculators, ENS newbies, and more.
Normally this would just be "devs and community", i.e. "we listened to the community and took suggestions". But with ENS anyone can own tokens and vote on what actually happens to the protocol.
There's discussions happening on Discord, in the forum, and twitter to figure out what to do. Then there's another layer where token owners choose delegates and those delegates vote.
It's exciting to see this kind of structure come together, where the friction is, and what ultimately gets built. It's unlikely this specific DAO will succeed, but part of it will work and the model will improve. Imagine a world where this works and all stakeholders play a role in how Twitter, Spotify, or even HackerNews change. Super interesting to me. Understand that the docs and UI for all of this needs a lot of work so that others can join in.