0x8e777369…9505sent to0xf790a5f5…1365·#25,124,621·view on Etherscan
+1
> While I understand the desire to address the issue of no bid days, routing unsold Nouns to the treasury is a cosmetic fix to a structural problem. I am voting against this upgrade because it treats a symptom while sweeping the actual disease under the rug. An unsold Noun is a direct signal that our current mechanics are misaligned with market reality. Stashing these Nouns in the treasury feels like a mechanism to soften the blow and make ourselves feel better, rather than fixing what is actually broken.
>
> The real issue here is the reserve price, not the burn mechanism itself. The reason we are seeing unsold Nouns is because our artificial reserve price is choking out natural market demand. I have put forward a separate proposal to return the reserve to 0. By allowing the market to organically price a Noun every single day, we eliminate the gridlock. If we fix the pricing mechanism, Nouns will find their natural buyers, auctions will clear, and the no bid dilemma solves itself. Passing unsold Nouns in the treasury is just a distraction from this actual structural fix.
>
> The daily burn acts as a stark, unignorable reminder of where the DAO stands. When a Noun burns, it is gone forever. It hurts, and it should. That permanent loss of supply forces us to look in the mirror and realize we need to do better.... whether that means improving our culture, funding higher impact ideas, or fixing our economic parameters like the floor price.
>
> The core argument is that keeping Nouns gives us options to auction or grant them later. But optionality often breeds procrastination. Moving unsold Nouns to the treasury simply kicks the problem down the road, inflating our asset count while diluting the urgency to fix the underlying issues driving the lack of bids.
>
> This proposal frames burning as destroying assets unilaterally. I view it as maintaining protocol level accountability. We shouldn’t implement a feel good safety net just because a burn day makes us uncomfortable. Let the burn remain as a forcing function for the DAO to strive for excellence. Reject this band aid, fix the actual root cause by lowering the reserve price to 0, and let the market work the way Nouns was intended to work.