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six
@six
The whole point of Nouns (imo) is to run an experiment in continuous, permissionless capital formation and distribution. I know the Foundation is thinking about this deeply but I hope that there is an alternative path that doesn’t require KYC for recipients. It breaks the hyperstructure and makes the experiment much less interesting.
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Leighton
@lay2000lbs
The solution is to make the treasury distribution programatic. For example, no one is KYC'ing Unsiwap LPs or Bitcoin miners or ETH stakers. Why? Because they are being paid programmatically by the protocol itself.
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seneca
@seneca
this is the trillion dollar q. no one has been able to scale incentives beyond numbers (btc w math, eth w staking, defi w $).
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Leighton
@lay2000lbs
You don't need to solve that to make the distribution programatic. Do something like a single stream from the treasury. People can then stake their Nouns to direct which addresses that stream should go towards. That starts looking far more like a protocol and less like a bank account that people vote on.
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