Aragon’s reaction was received very poorly by the digital assets community. If you read the comments and quote tweets to Aragon’s tweet, the response was largely against their unilateral decision-making. And for good reason. Essentially, Arca and a few other ANT token holders walked into Aragon with a note that said, “We’re thinking about withdrawing $80,” and the Aragon bank teller responded by calling the police, stealing the money from the vault, lighting the bank on fire, and threatening to open a new bank in a new country that no original customers could access. Yes, that analogy makes sense because it was that ridiculous. The Aragon team felt the heat, as they should have, and began to walk back their overreaction.
We’ve got a long way to go before DAOs get this right. In the meantime, I’m proud to be on team Arca fighting on the side of token holders.
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