The irony of Yuga having to delegate 6.5M tokens to Apes who could very well have done precisely that if they cared about the DAO like we do, will never not be funny.
This move was needed because most Apes dumped their tokens, don’t vote in the DAO, don’t care about the DAO to any meaningful extent, and would rather it not even exist due to all the shenanigans that lead to the treasury being depleted and which also affects the token.
Garga has long expressed concerns about the DAO, and repeatedly asserted that they would not be involved in the DAO.
Hopefully now that ApeChain is a thing and facing major competive headwinds, this is a signal that they are reversing their position on the DAO.
Fact is, neither Yuga nor Apes are large enough to carry ApeChain. Anyone who thinks otherwise is just being ignorant. I have said this over and over again - and in time - I am confident that I will be proven right.
Yuga assets, the token, the treasury - are all down pretty bad as a result of this being an ecosystem that doesn’t expand, isn’t energized (e.g. see Mocaverse, Pudgies etc) in terms of activities, outlook, collab, expansion etc. It’s the same people, the same noise, the same bubble - all in the same [small] bubble churn.
Expansion in anything requires a lot of thinking outside the bubble. And in-fighting while alienating outsiders by being elitist, retaliatory, selfish - and ignorant is how communities stagnate - then die, leaving behind all those who thought they had all the answers while ignoring new people, new ideas, new initiatives and the spirit of prosperity.
And while I am on the subject, I am just going to say this:
In the general scheme of things, a 6.5M voting wallet, while a good start, sends the wrong message of inclusion. Why delegate it to a group of MBA most of whom don’t give a toss about the DAO like we do here do? Why not delegate it to ALL of us in the DAO? So now, MBA holders are considered a different tier who now have voting control in a DAO that most of them don’t actually care about.
Yet there are those - including myself - who have long opposed Animoca delegating 6.3M voting tokens to a community that has ZERO involvement or skin in our DAO and its community. In a way, Yuga just basically did the same thing. And now, MBA are likely to wield power while voting for projects by their Ape buddies - which I don’t particularly have an issue with given the nature of the DAO. Problem is, the community hasn’t grown to match the original 2 yr vision of INCLUSION because few care about the founding principles because they’re regarded as mere suggestions.
To me, this delegated MBA wallet is a slap in the face to all of us who come here EVERY DAY and who have been trying to make a difference IN the DAO. And yet we continue to be treated like second class citizens because we’re not sporting a PFP of an ugly ape while virtue signaling on social media for an average of 9 likes from the same churn of the usual suspects. No growth.
And these things and others are specifically why ApeChain is destined to struggle because water tends to flow downstream. Whatever goes on with Yuga, the DAO, the token will invariably affect ApeChain. And so, unless we change course, we are destined to lose. All over again.
There, I’ve said it.
And with that, I’m done. There’s nothing for me here. I accept that now.