Content
@
0 reply
1 recast
1 reaction
Elad
@el4d
I'm afraid of Wilson's idea. I'm also happy to be proven wrong be Wilson and other braver souls :) I worry we'll hurt the brand if: - we end up funding subpar proposals because we feel rushed and better props aren't showing up - we end up burning a lot and many ppl feel it's a giant waste
6 replies
0 recast
16 reactions
seneca
@seneca
agree and feel the same, its def risky. but - is it not the inevitable? forget the burn and lets assume the arb magically disappears, what makes us think that we’d spend more (or less) thoughtfully then? imo, the burn (or any forcing function) just gets us to the endgame faster. we will learn the truth.
2 replies
0 recast
8 reactions
Elad
@el4d
I want to learn faster, on that we're aligned. I fear the fast pace of spend or burn will lead to some pretty bad spending. More than ever we'll be a grift target, and more than ever the grift will work out. Much to say about this, not enough characters 😅
2 replies
0 recast
3 reactions
Elad
@el4d
One easy thread to pull: we are not clear on our existing builders who's amazing and who isn't. When familiar names will come for more, we will default to yes more than ever before. And in the less awesome cases the outcome will be net negative.
2 replies
0 recast
3 reactions
Elad
@el4d
I'd feel MUCH more optimistic if we had some evidence that we know how to go out and attract amazing proposals. We have glimpses of that, but far from feeling like we know how to rinse and repeat, and do so across categories, eg video, art, etc.
1 reply
0 recast
4 reactions
Elad
@el4d
Wilson is probably right that we won't burn much. I just think we'll most likely have a low success rate and low bang for buck with what we do fund, because it'll all happen too fast.
2 replies
0 recast
4 reactions
gami.eth ⎈
@gami.eth
rather than incinerated, eth gets incarcerated? outcome is the same, but not permanent, although at the speed of crypto, almost as painful. lockup for one year, or some other method of sentencing, in honour of this meme:
1 reply
0 recast
0 reaction
Elad
@el4d
The main problem here is you're incentivizing an attack on the DAO to get the keys to the locked funds, which the attacker can then sell at a discount
1 reply
0 recast
0 reaction
