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Bixbite 👽
@bixbite
I think it’s kind of funny that the 10% threshold prop didn’t pass…. Why is it funny? Because for the last year many have been claiming we’re ’under attack from the big bad arbers’ & that ‘arbers have been accumulating’ …. Well guess what, if there were any arbers don’t you think they would have voted FOR the proposal to lower threshold so they could get out early 😂 As I said, we’re scared of a boogie monster under our bed which doesn’t exist. 🤦🏼♀️ I’d say run it back for 15% @coleperkins & let the honest majority leave if there would even be 106 Nouns to enter…. Let’s remember only 28 votes FOR, so it maybe unlikely to even get 106.
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Michael Gingras (lilfrog)
@frog
> I’d say run it back for 15% ya the problem with this is I don't think there would even be enough of an honest minority to get to 15% -- even 10% seems challenging
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Bixbite 👽
@bixbite
Yea I just think it looks better for optics if the DAO isn’t trying to act as a blocker for an honest minority exit… if there were truly arbers waiting in the wings with all of these new anon wallets they would have come out to vote the 10% through. That clearly didn’t happen.
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Michael Gingras (lilfrog)
@frog
Yea, which is why a low threshold seems like a fine idea since there’s a smaller minority to protect, even 5% seems fine imo Obviously the “this will ruin duna” camp has a valid point though too if it truly does ruin odds of duna
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Bixbite 👽
@bixbite
I feel like the opposing view is a refund…. Which will essentially allow all Nouns to get a refund of the bid price on a time decay scale…. Essentially brining the treasury close to zero…. Will essentially be the ‘Great Reset’ for Nouns… but what happens in the meantime… you can’t in good conscience keep the auction going if the plan is to allow refunds to everyone. Plus to map that out develop, test, deploy and audit that all within 3 weeks is not going to happen…. So again from an optics perspective it’s better to just let people who want to leave out via a fork.
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