0x75ee6eb3…ca6esent to0x6f3e6272…223d·#18,321,506·view on Etherscan
It is a testament to just how wrong things have gone with the DAO (how ineffective spend has been so far and how poor the prospects are for future spend) that it is now seriously considering burning millions of dollars.
Threatening to burn millions of dollars in the hope it will lead to better proposals is like a bank robber putting a gun to his own head and demanding the employees open the safe. There is no chance of achieving the intended outcome and if the DAO/robber follows through on the threat, it’s suicide.
The burn not a novel new experiment in governance, capital allocation, or software development. Wasting money and eliminating optionality by becoming a forced spender (when there is nothing attractive to spend the money on) is a self-evidently bad idea.
If things are truly this dire, then at this point a better alternative would be to force-ragequit the entire DAO and start over from scratch.