Cool Beans 🌞 on Warpcast

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🏰 Ξ2T pfp

Different DAOs should have different voting mechanisms. Those are the rules of engagement. Am fond of systems where voting power is earned not bought

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Cool Beans 🌞

@coolbeans1r.eth

Its a balance of power that needs to be figured out on a case by case basis for sure.

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🏰 Ξ2T pfp

If buying power gives you control of the treasury that is what people are incentivized to do

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@coolbeans1r.eth

I absolutely agree. How do you incentivize people to buy more if they dont have more "influence" vs someone who might buy significantly less? I am trying to figure this out myself for my desert project. Quadratic voting?

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🏰 Ξ2T pfp

Separate tokens for voting and financial stake

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@coolbeans1r.eth

hmmmmm. what if there is no monetary upside except maybe the NFT appreciating in value because of the assets being held by the DAO?

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🏰 Ξ2T pfp

Getting assets into the DAO is tough without monetary upside

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@coolbeans1r.eth

what if benefit was physical access to properties held in the DAOs land trust?

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🏰 Ξ2T pfp

Probably gonna need both financial capital and sweat equity. Figuring out how they are related and what provides access to what is where the magic happens

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@coolbeans1r.eth

I'm providing initial land, paying for the first build(since its my house lol), and doing all the legal shit myself without DAO help. I would like to get the DAO rolling while i build out the first property which will have about 80% of it be open to the public, i.e. the DAO and neighbors. DAO can be used to buy land to put into a trust and then voted on what to build, could be some financial upside upon sale of the first property of course. Land gets held in trust, person just buys a 99 year lease on the house, therefore DAO still owns it in the trust, remains an asset forever basically. But obviously it has to be voted on and that shit but I figurd doing the initials build in public using my owns funds should be a good sales pitch.

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Trigs pfp

I still think you'll have a hard time getting ppl to donate more without getting more voice in the voting. Quadratic doesn't really fit here because voting will likely be more specific to singular proposal options. Quadratic is more for dispersing votes between multiple options without giving one voter the ability to sway a single option. Why would I give 100k when a bunch of $1 contributors could destroy that value with uninformed voting choices? It requires a massive amount of trust from financial contributions when voting power can be so easily purchased. Huge governance risk having 1p1v control a Treasury unless voting power is completely separate from financial contribution. But then you're getting into security territory because ppl are making contributions based on the expectation of other people's actions providing valuable return.

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@coolbeans1r.eth

I agree. But why would someone with 100k know what is best?? That is also not a guarantee. I know plenty of people with money who are dumb as fuck.

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Trigs pfp

I hear where you're coming from, but your perspective reflects the presupposition of trusting everyone's intentions. Lots of ppl that are dumb have money, but it's also extremely easy to capture governance when vote power can be purchased simply by adding another $1 individual. Off chain collusion becomes your biggest capture vector. Merit based governance is far more resilient than 1p1v and less plutocratic than 1t1v, but nobody has cracks this code fully yet either! You're asking the same questions as the entire industry 😁 Great in depth analysis of these concepts here: https://spengrah.mirror.xyz/f6bZ6cPxJpP-4K_NB7JcjbU0XblJcaf7kVLD75dOYRQ

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