Nouns

One Noun, every day, forever.

nouns.wtf

Followup on the proposed refund mechanism (link to our original post in a cast below)

We're sharing a draft technical spec, and welcoming feedback:
https://docs.google.com/document/d/1hck21Nr1_BT3IUdjG8Sun9_cXP--mru8--lTNmuftsA/edit?usp=sharing

Is it possible (within legal bounds of DUNA) to fully eliminate refund? Imo, the fork was designed for minority protection, not for RQ or refund. If we have to eliminate fork for legal reasons related to DUNA, it doesn't make sense to me that it's replaced with a refund mechanism. The point of fork was never for refunds (although that's what it turned out to be used for...) The DAO is better off without refunds.

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

I have some criticisms of the proposed refund mechanism mainly around how streaming auction proceeds over years means the dao is significantly capped in it's ability to deploy the treasury. I like how past nouns do not get access to this refund mechanism so there is no way to arb anymore. 

But, my opinion is that we don't need a refund at all. If you buy a noun, you buy a noun. No refunds, no returns. All sales final. Try your luck on secondary if you want to get rid of it.