(Also it’s just incorrect to tie the option price to intrinsic value..meaning a falling noun price is not the right thing to define burn rate, but the volatility of the noun price. It’s an options thing; can basically think of black-scholes modified for a perpetual context..volatility is the parameter that matters)
Nounsbut y ideal scenario is , delay $nouns 6 months & enable governance and pfp-minting / in same period digest % exit report and if positive change this also before launch. Then am aligned with the erc20
NounsAgree if we were in a world with healthy exit incentives but am against 🔥 until we adopt % exit, when it think it becomes likely appropriate/needed. BV-burn is an economic death spiral since it allows for free-riders in the price>bv mode as we’ve discussed before. All (esp arbers) needs to pay the same theta bill
Nounsif interested in giga-funding rounds &/or improving odds of a liquid $nouns token launch, consider reading this candidate ty https://www.nouns.camp/candidates/stake-1k-in-rounds-32d1a53f6709a03f4b6cf4cb0501204ba188d4f5
Nounsdo you not see it as damaging or frownish to bless a token that will likely experience cataclysmic (if temporary) liquidity drain events ?
Nounsdo you disagree w the kpi in the proposed $nouns liquidity bet? what would define success if 0 liquidity is not failure?
Nouns
thanks for responses / think will be relaxed on security q if they are. Will clarify my reasoning tho is that, unlike a corporate voting share, the dao IS its voters, and, hopefully, does not have a dependency on a subset of managers. so if we create a nonvoting interest, doesn’t it set nouners up as the managers?
Nounsbeen thinking about this part .. the incentives are sort of already there for ppl to scout other internet-corners and cross-post here for a finders fee etc just need enterprising people to do it . Think people would tip that sort of thing well since it expands our reach
Nounscan’t help myself !propose setforkthreshold 51% @zeroweight 🙃 Great work team
Nounscould do but I see it more as periodic votes on modifying the auto-refill %of auction revenue value. If fully permissionless it becomes a primitive; core protocol and funding method that works out of the box for nounish daos. For L2 nounish daos you don’t even need that step. Just make rounds the default ux
NounsThrilled to see retro, inclusive and native token denominated allocation grow and become mainstream nouns ideas Sad to hear there is no L2 backend onchain piece planned to execute the txes - don’t think this scales in the way we want (and becomes harder to systematize) without someone working on this part. Step up!
Nounsdynamic quorum been showing out lately! also, its a good reminder that voting *no* in our world is serious business.
Nounsa) vanilla token vote is 100% not democracy b) 🔥 is good but a lateral move if paired with v3 exit (tying spend rate to demand is almost certainly a terrible design choice..have used term auto-cannibalizing) c) adding automation increases the protocol’s attack surface. let’s lead responsibly
Nounshow about: Follow nouncil channel+active caster = vote Nouns props posted here. If voters/prop likes >.5, vote yes with block of nouns (10 to start) may need to tweak ratio depending on engagement. If likes regularly = more than 10, delegate more votes to the process Possibly add proportional representation
nouncil
strong points for sure. I think you can make the case that, yes, if you provide a service by managing/maintaining a platform/protocol & collect fees etc then it isn’t meaningfully permissionless- eg if you *can* blocklist wallets then maybe you can be compelled to. if fully decentralized there’s no ambiguity afaict
nouncilaware prop is a done deal fwiw / not rly opposed either just feel more neutral about 🌪️ than many
nouncilPlz dismantle this hopefully off-base prop 502 counter; - devs &/or torn dao stewarded a front-end and upgradable contracts collecting fees for, in all likelihood knowingly facilitating criminal activity -not the same thing as sharing an idea/code for coin mixing on GitHub etc (ie ‘speech’ vs ‘instruction’)
nouncil@coralorca noundry channel? Wanting to comment on some submissions but hesitating to sign in on site..
Nouns