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Ben
@jarmen
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%
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Michael Gingras (lilfrog)
@frog
0 fork threshold is dumb idea bc it’s an immediate arb opportunity
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Spencer Perkins
@spencerperkins.eth
* 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
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three9s
@three9s.eth
It's not even clear that the folks opposed to DUNA are the minority. It seems like its mostly the Nouns inner circle pushing this.
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Michael Gingras (lilfrog)
@frog
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.
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Michael Gingras (lilfrog)
@frog
https://warpcast.com/frog/0xbd8f2ce2 Yea hence my prop idea to bring book value back down 😁
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SQX
@sqx
Dao drain vs arb drain. Why is one better than the other? A pre switch fork option makes a lot of sense from an ownership standpoint.
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