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Sam
@sams
With all the discussion around the Auction House v3 upgrade I think its worth pointing out that if we can get $nouns liquidity to be large enough, it can essentially become the exit mechanic and secondary marketplace at the same time!
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Peterpandam
@peterpandam
Wdyt @el4d ?
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Elad
@el4d
putting your Noun into $nouns is not the same as a minority protection design. Minority protection involved making a majority attack less lucrative by making funds unavailable to the attacker. No secondary market solves such attacks, and $nouns is just a specific kind of secondary market :)
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Sam
@sams
Exit mechanic is not the same thing as minority protection, these are separate discussions imo
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Elad
@el4d
So idk what exit mechanism means :)
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Sam
@sams
Don't want this discussion to turn too much into a terminology game but I view these two concerns as separate Exit: Can an individual recoup some of their funds used to acquire a Noun given a change in circumstances (disagreements with spending, overall vision, whatever the reason). A secondary market like OpenSea is a form of exit just like the fork Minority Protection: Can the DAO as a whole survive a 51% attack against a single entity that is misaligned with the rest of the voters but hold a majority of the voting power Could be using these words incorrectly, but it seems to me that with prop #708 being defeated that the DAO doesn't care that much about the latter.
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