Nouns

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nouns.wtf

The new lower fork prop (candidate )must be from a concerned citizen, valid arguments but why hide?  At best you can use ownership and participation to help convince the need. At worst, you're left to roll with the 30%

0 fork threshold is dumb idea bc it’s an immediate arb opportunity

Crypto, nouns, malleable software, interfaces, running. // working on @agora // https://0xmcg.com // /the-pond

* 0 threshold => rage quit
* Auction price will jump to book value
* Treasury will be drained N %, where N is % Nouners leaving

From DAO perspective, better off to spend the treasury and bring book value down to auction prices first

Do understand the sentiment behind the candidate tho. Minority holders shouldn’t be forced into DUNA if they don’t want. Tricky, tricky

Spend the treasury to bring auction prices down is what the burn aimed to do. It never got full buy in though, it’s a cool idea but in my opinion it’s not the best way to run an org to be forced to spend money. It’s better to save and then spend when the best ideas come around and you have the best opportunity to deploy capital.


If we were forced into a situation where RQ was turned out to let non duna fans out, sure, I’d rather spend some money on props than let folks get away with the easiest arb ever. 


But since turning on this RQ is a choice, it’s not a choice I’m a fan of based on what I know now.

Lil curious about blockchain
PD @artistprogram
AF : Market Discussion (All markets).

Depends what perspective you are looking from.
* For DAO: better to spend since funds go toward building things
* For Nouners: better to arb since funds go to holders

But…. This is basically an argument against/for the fork in general.

A threshold of 0% or 30% doesn’t really matter too much. If 30% want to leave the same thing happens.

Lower the threshold, better the minority protection.

I think your main argument is against the fork in general tho. If 30% want to leave, same thing happened with a threshold of 0% or 30%.

I think your main argument is against the fork in general tho. If 30% want to leave, same thing happened with a threshold of 0% or 30%.

https://warpcast.com/spencerperkins.eth/0xc48b3730

* same thing in terms of DAO drain

The other thing that 0% does is push auction to BV. The only people who would be buying are arbers during this time since BV is higher than current value. But new arb would be small. 

Since fork would be removed shortly after, long term these outcomes are basically the same assuming 30% do fork if the threshold was not lowered.

IMO, fork is an interesting mechanism, and think some form of minority protection is good design long term (but not sure it’s slow vest and reimbursement).

On the flip side of the people you mentioned, there are likely folks who are more interested because of the fork. Myself being one of them mostly because I’m for minority protection, and interesting governance experiments. 

My claim is that IF 30% wanted to leave, a threshold of 0% or 30% doesn’t matter, it results in the same DAO drain. I.e lowering threshold means better minority protection (smaller minority can leave). 

The difference is what happens to auction prices during the period of a 0% threshold:

IMO, fork is an interesting mechanism, and think some form of minority protection is good design long term (but not sure it’s slow vest and reimbursement).

On the flip side of the people you mentioned, there are likely folks who are more interested because of the fork. Myself being one of them mostly because I’m for minority protection, and interesting governance experiments. 

My claim is that IF 30% wanted to leave, a threshold of 0% or 30% doesn’t matter, it results in the same DAO drain. I.e lowering threshold means better minority protection (smaller minority can leave). 

The difference is what happens to auction prices during the period of a 0% threshold: https://warpcast.com/spencerperkins.eth/0x55d48720

Yes I think the fork is an unnecessary overreaction that has caused way more harm than any good it’s ever done. Both in terms of lost treasury but also culture and turning folks away from nouns (I have had conversation with folks who become entirely less interested in nouns as a result of the experiment effectively being refundable)

My opinions on the fork aside though — I’m not seeing how it’s the same? If 30% threshold, you need hundreds of participants. If 0, you have rage quit. Anyone can just leave and get their money back.