Some people were annoyed when they heard Ethereum Name Service, more commonly known as ENS, would be issuing a token. It was the “one, legitimate tokenless project,” and it was bending the knee to the market. Tokens are speculative by nature, prone to severe price fluctuations and reminiscent of carnivals. Do they cheapen the prospects of a so-called public good? Whatever reservations people had, there are plenty of good reasons to retroactively reward early adopters of – perhaps, speculators...

Some people were annoyed when they heard Ethereum Name Service, more commonly known as ENS, would be issuing a token. It was the “one, legitimate tokenless project,” and it was bending the knee to the market. Tokens are speculative by nature, prone to severe price fluctuations and reminiscent of carnivals. Do they cheapen the prospects of a so-called public good? Whatever reservations people had, there are plenty of good reasons to retroactively reward early adopters of – perhaps, speculators...