Bixbite 👽 on Warpcast

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Bixbite 👽 pfp

Spicy Saturdays: Hot Take …. Burn The Treasury Nouns 🔥 I’m considering putting in a proposal for this, idea would be there would be a set date, say Halloween when the burn would take place…. So everyone can get their swaps in ahead of time. Rationale: giving out Nouns dilutes the governance of active participants…. && historically the % of Nouns given out that are left unused or delegated is larger than those given out that do participate. The dilution of governance was also something I mentioned in Nouncil, thankfully we passed a vote to raise voting participation rate to double the previous metric. I know it’s a spicy topic, but would love to hear everyone’s thoughts…. To burn or not to burn, that is the question. 🤔

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Will Papper pfp

Participants in governance are some of Nouns’ best evangelists. If you burn the treasury Nouns, you remove a source of growth. I personally view the treasury Nouns as an asset that can be put towards growth without spending USD, which is very valuable. (I’m also a recipient of one.) But if you did have concerns, you could accomplish the same by putting them in timelock contracts that only allows for delegation. That would give you growth in participation without transferring out the underlying assets.

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wylin💎↑ pfp

Fire Sale: all treasury nouns go on 24 hour dutch auction. any that don’t sell are burnt

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JackWyldes 🤙🌕 pfp

JackWyldes 🤙🌕

@jackwyldes.eth

This is spicy - I would like to see the numbers on the nouns given out that do VS don’t participate. Being given a noun should be extremely meaningful so I would hope that they were at least somewhat active I feel like it’s a good tool to help bring in active people but I also get where you’re coming from Interested in everyones take

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Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

I'll be a very loud no. There are some special nouns in there and shouldn't be burned but maybe no one is ready for them yet. And would be very hypocritical of me to say otherwise. There's only "dilution" if you actually believe in "book value" (which is BS frankly). What we should do instead is end the fork -- then no more treasury nouns will be created. Which if you're going to burn the existing treasury nouns, you need to deal with that issue anyway. What happens to forked nouns in the future? And raising the nouncil vote threshold to 40 was rash -- should have gone to 30 then 40 -- now we're just rubber stamping the same people back to nouncil so it's wasting quite a bit of time and energy. Agree it needed to be raised but there was a better step up option if anyone bothered to give it some thought.

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87Bones pfp

Im not totally against a burn 🔥 feels cultish, fitting.

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wiz pfp

not against. or burn a majority of them so that what’s left are special

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Neel pfp

I totally agree - I’m not really sold on the idea that we should be using those nouns for handouts. If we want to grant nouns to ecosystem members, there should be a better way than reappropriating nouns that defectors abandoned

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Dara Khan pfp

@spookyaction-btc

Respect the spice. I don't think the treasury Nouns should be burned. It could be siphoned, periodically selling a few on the secondary market. Or wait till prices rise. I also believe comp should be in Nouns more often. Depends on the team and prop but it is a treasury asset available to use.

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Ben pfp

Enter prop 629 burn them after I get my bread 🥖.

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⌐◨-◨ BiGSHOT ⌐◨-◨ pfp

⌐◨-◨ BiGSHOT ⌐◨-◨

Those nouns should have all been burned at the fork. Right now doing burn of any has no real meaning. these have value to the dao now that can be used in various helpful ways to increase participation and reward active builders, projects. and create opportunities in activations that are not yet shared or even thought of.

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Davin クマ pfp

was watching mt. Everest climber today and my opinion as a non - noun owner is very opposite this tbh 🛹

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Sasquatch テ pfp

put up a prop to burn 20 and see how it goes

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ayoⓂ️ayowa 🎩🍖🐹🎭 pfp

ayoⓂ️ayowa 🎩🍖🐹🎭

Hi, how are you doing? Long time 😍

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