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Elad
@el4d
gm, @davidbr and I are working on the $nouns token, backed by Nouns. 1M $nouns <-> 1 Noun NFT. you're invited to read this short spec doc and reply with your feedback. thanks! https://docs.google.com/document/d/1Uz4l8bAPaA2_gsUVZsZo_1dAmggAiYIn5sYba1IK10Q/edit?usp=sharing
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brennen
@brennen.eth
Choosing an ID should have a cost/premium associated with it, else it grabs the youngest noun. The older the noun the higher the premium to pull that noun. I am super against equalizing the cost of noun IDs. Basically ruins the entire idea of early membership.
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brennen
@brennen.eth
@el4d made a good point, that we probably would never add DAO low ID nouns into the pool. So we wouldn't really have to worry about noun age much. However, creating a value stream from people's choice in the noun they want is interesting. Take the youngest noun for free, or pay for choice.
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Elad
@el4d
thanks @brennen.eth. my tldr: * keep this version as-is, allowing redeemers to specify the ID they want * assume DAO and others deposit their youngest nouns so we don't really lose low ID premiums * explore youngest-out and random+fee designs for a future version, no rush if social layer uses the pool as expected
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cone70
@noun70
Disagree! The DAO went through several rounds of rejecting swaps, but this to spec backdoors. The simple version is so simple we can add 1 non-simple thing to be more in-line with our values. There is no rush. V1 of this design is the highest signal we will have.
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krel
@krel
leaning here too as it does make a statement about what we value
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w-g
@w-g
soo.. what is the id /coherence coefficient matrix ? Anyone care to take a stab? cc:Roko
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