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Noun 40
@noun40
very excited for this direction. after 3 years of nouns governance a thing i feel strongly is that majority voting (while still the best thing we have for large lump sum decisions) doesn’t work well for smaller scale non consensus ideas and tends to feel opaque to newcomers if we want more free competition of ideas at smaller iterative scales then these types of funding mechanisms where majority consensus isn’t needed to get started but then gradually get more and more funding come your way as consensus is built and the idea out competes others is a great direction it will also reveal in more real time and non majority dominated way what nouners think are worth funding (is it more esports? more animation? plushies?). there could also be some buyer attribution based on what a new nouner immediately chooses to stream to. just a lot of potential for nouns funding to become more well rounded, more legible, and more fun (majority voting governance drama is fun to sum but not all). excited!
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rocketman
@rocketman
wrote more about the incentives of the system here https://mirror.xyz/rocketman21.eth/zTom-t4DzYjSRXnjx7o1jS6TEwzoR0kFYGdEE3fPJok curious if you have any thoughts on how to do TCR token issuance / supply
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datadanne
@datadanne.eth
good write up! do you have any ideas for how to do the initial $beach issuance/distribution? seems kind of tricky since the dao has voted against issuing erc20-tokens in the past ($nouns). maybe the /nouns-duna explorations changes that?
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rocketman
@rocketman
thinking about doing a logistic bonding curve where price adjusts depending on what has been bought so far
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datadanne
@datadanne.eth
ok cool! will posting the bond then mean that the tokens eventually “make their way back into the curve” to prevent the price from going up forever? do you know if the dao will be ok with issuing/deploying the erc20s from a regulatory perspective?
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rocketman
@rocketman
when you make a deposit, assuming your application passes and you start to get a salary, you'll receive the tokens back ideally we strike a balance between price accessibility and upside for token holders, some sort of logistic curve should work, but open to ideas re: legal not sure - they issued $nouns so I don't see a big problem with it, especially since owning the tcr tokens require effort on the holders side to make them valuable
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