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Ben
@jarmen
Stream protection, Imo the stream protection should only be triggered if you bid well above BV Allowing Jimmy to stream his 0.7e purchase over 4 years is pointless when we are already seeding a honeypot with no protection for the 2 years of auction winners who are forced to join. Wylin mentioned you only get tax credits if you pay above the fair market rate. @wylin How can one get tax credits and then have the ability to direct capital? Additionally, withdraw it at a later date. It only makes sense for a tax credit if you direct deposit to the treasury without winning a vote.
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wylin💎↑
@wylin
oh, one more thing: if the capital is withdrawn, ie: refunded, the tax benefits no longer apply if the buyer were to take advantage of it one tax year, then withdraw in the next, they’ll essentially have a tax penalty to make up the difference your points still stand regardless though
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Ben
@jarmen
Just feels like counter productive to our claim, to land in this vertical if refunds are acceptable. Last I checked I can’t email the cancer council and request my donation back because I’m not happy with the direction anymore.
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wylin💎↑
@wylin
idk what the laws are in Aussie but you actually can request a refund from charities in the US. they’re not required to give it back, but tend to based on their legal analysis & potential optics if they don’t
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Ben
@jarmen
How do they refund? Is it full donation on based on spending ?
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wylin💎↑
@wylin
full donation. the proposed mechanism for Nouns is a bit novel but i guess the lawyers gave it the thumbs up, idk it basically functions as an onchain Charitable Lead Trust. typically they’re used to park money in yield-bearing assets with the interest being donated to a charity, the principle going to the trustee when the trust ends. slightly different but similar 0 insight into the discussions around the refund mechanism so can’t speak to why it is how it is
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