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fry
@articuno.eth
Every time someone loses faith in ENS, the DAO gets richer Why retain a real user paying $5/yr when you can simply stagnate the protocol and reap thousands when they let it expire and some other speculator grabs it with no plan to actually use it? The incentives are misaligned
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SAUL
@frag
It is a win-win for them because the renewals mean a steady inflow of cash, plus you have the speculation/gambling with the expiration premiums. I'm pretty sure they have some sort of data on the average yearly income they receive from that.
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@broke
I actually had to calculate this myself ($15m 2021-23) https://twitter.com/melvininho/status/1775522816105890241?t=Nm54YhFOyJT9UrGv07JnZQ&s=19 People are already able to gamble on names by registering and trying to sell on secondary
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