Nick Johnson's ENS vote sparked days of backlash. He and co-founder Alex Van de Sande join Uneasy Money to explain what actually happened.========================================================Thank you to our sponsors!⁠Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at ⁠https://cape.co/unchained⁠ (use code: UNCHAINED).========================================================A routine two year renewal for the ENS DAO's Security Council failed on chain this week, and Nick Johnson, founder and CEO of ENS Labs, voted against it with roughly 50% of the active supply. Some users on X have since cast him as the villain seizing a $130 million treasury.ENS co-founders Nick Johnson and Alex Van de Sande join Kain Warwick and Taylor Monahan to untangle what the vote means, and to defend a new proposal handing day-to-day treasury and protocol decisions to a foundation instead of the DAO.They trace how ENS's governance fight mirrors Aave's, why its treasury has trailed a savings account, why Johnson never trusted ETH-weighted voting, and why his conviction in token governance has weakened.The conversation lands on the question hanging over every well-funded DAO: once a protocol accumulates enough money to matter, can any voting mechanism decide who controls it?Hosts: ⁠Kain Warwick⁠ - Host of Uneasy Money and Founder of Infinex and Synthetix ⁠Taylor Monahan⁠ - Co-host of Uneasy Money and Security ExpertGuests: Nick Johnson - Founder and CEO of ENS Labs Alex Van de Sande - Cofounder of ENSTimestamps🗳️ 🔥 ⚔️ 🍯 🪙 ⚖️ 🏛️ 📣 🍴 🎤 Learn more about your ad choices. Visit megaphone.fm/adchoices