One Noun, every day, forever.

nouns.wtf

Nouns

3 concerns
the ‘fungibilization’ of treasury nouns 
(the swap/auction proposal is far less bad in this dimension and that had strong opposition)

as a vehicle for speculation is non-accretive (solvable by allowing only dao to mint & issue as rewards)

w/o governance rights or POW to own, how is this not a security?

good Qs. 

i think nounswap and $nouns has some overlap but isn't addressing the same goal. $nouns doesn't make the entirety of the 500+ treasury nouns available for bid / fungible. only whatever the dao deposits into the $nouns contract. i imagine any point in time that's likely less then 50 treasury nouns (<10%)

Why do we need more than 10 from the treasury to start? If the ERC20 is given out as a reward, dissemination from that initial swap will take time. What’s the advantage to locking up 50?

i’m open to 10! a larger deposit serves as like a stronger show of commitment  by the dao and increases the chances someone looking to redeem can find a head they are looking for. but we can let things play out if voters feel the dao’s involvement should be as minimal as possible