nouns-duna

Nouns

discourse around DUNA seems to be focused around the downsides (added KYC requirement to grantees)

imo DUNA's massive upsides are:
- reducing tax risk
- providing limited legal liability to members

while still allowing:
- members to remain anonymous (privacy)
- explicit voting rights to members

if there are other avenues to achieve the above without any compromises then that would be wonderful, but as far as i know at the moment DUNA is unique in offering the above properties with limited compromises (paying taxes in the US, KYC req for grantees).

more thoughts continued 👇

can someone hit me with a concrete example of a situation in which a token holder would be held liable in a way that would be damaging? 

imo the only potential appeal of duna is if there is a real, tangible risk to owning a noun because of the threat of legal liability. 

but as someone with basically no law experience I don't know what types of situations might exist where token holders could be held liable.

if there are none, or if the likelihood of these situations are extremely small, then I don't think it's worth taking on the downsides of DUNA, and the pros feel more like fantasyland whatifs

also on legal liability, currently it's very unclear what would happen if someone sued a dao member for legal damages (let's say something went wrong with a prop) or gov bring enforcement action for non-compliance with local regulations. the dao member argue that they are the wrong target. they have no responsibility here. the foundation is the one with control over the treasury and conducting the business activity. but this claim is also tenuous. we like to have explicit token voting rights (token votes aren't some signaling vote that is a recommendation to the foundation). if the claim that the dao = foundation isn't accepted then the court might assume the dao to be a general partnership in the local jurisdiction and it could lead to individual members being liable (such claims have been made in the california court in recent years).

This is helpful but still a bit too legal jargony for me

Crypto, nouns, malleable software, interfaces, running. // working on @agora // https://0xmcg.com // /the-pond

This is helpful but still a bit too legal jargony for me

https://warpcast.com/noun40/0x94147c17