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Wilson Cusack
@wilsoncusack
@noun40 brought up an idea that is exciting to me, in the vein of reducing the need for active governance: streaming. Every Noun is entitled to stream a portion of the treasury to some address(es). We can use similar logic to the client rewards as to the allowlist and how much.
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w-g
@w-g
this drives home that the central area where we need to innovate more is anti-Sybil. This is basically protocolized rounds ( and the ultimate utility of rounds is itself anti-Sybil, whether by leveraging farcaster social graph or other)
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Wilson Cusack
@wilsoncusack
Agree it’s a key area. How do you feel about how client rewards is working—have to pass a vote to get added to allowlist?
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w-g
@w-g
imo can’t (& don’t want to) trust the (currently-defined) economic majority, so need a nouncil/citizenshouse-like body that is both eligible for these sorts of protocol incentives *and* allowlists the new members (if also own a noun or some % of a noun). Then need consistent brain energy focused on keeping this body high-signal, continually decentralizing, as neutral as possible (hardest part imo for protocol design..may need a mining incentive for onboarding and a penalty for voting in participants that are later revoked). veto ofc needed to protect this group & current thought is veto should ultimately be governed by noun age . Crypto-native balance of powers might be : capital influences via (%) exit threat, old guys get a louder ‘no,’ builders (incl active governors) get the rest; all bodies dilute in time & 1noun=1vote is left untouched .
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Wilson Cusack
@wilsoncusack
Agree we have problems to solve but HIGHLY suspect that nouncil is currently or will ever be better. Social capture is imo more common failure mode than economic capture. Especially when the system has forking and daily sold memberships :) https://x.com/wilsoncusack/status/1631711233048027140?s=46
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