0x32d1a53f…d4f5sent to0xf790a5f5…1365·#19,456,947·view on Etherscan
have thought about it more and have softened somewhat;
while certainly not strictly a reserve, it *is* reserve-y in spirit (the aim in both is to control dilution as a function of demand).
I understand the motivation, & in some sense it looks logical to say: more eyeballs, more members
a possible issue with this is that price is a poor proxy for eyeballs. Look at Nouns, where attention is likely near an all-time high (great time to onboard) but organic demand remains in freefall.
A (potentially) beautiful property of a forced static issuance rate is that it can produce progressive demographic transition which is an elegant way to resolve the current group's inability to generate consistent demand. Part of the (needed) tension is that it may be uncomfortable for the current holder base, such that if given a border wall with gate and keys, they may well choose to use it. Is definitely true that it does not need to be every dao's objective to procedurally scale & decentralize ad inf., but I do wonder about the upside in using a nounish dao if trying to govern in a more controlled, traditional way.
It's also worth noting that this mechanic will provide no respite from v3 nouns (fork) if your aim is to interweave that too. There is no way to meaningfully preserve this sort of exit and expect to engineer a circumstance where high-signal members join regularly via auction.
So,
While seems like a bit of an arbitrary and potentially counterproductive constraint to me, I appreciate the challenges involved in pivoting from the application approach (where cohort has maximal autonomy over issuance rate) to something with a degree of permissionless-ness. I admit I lack a lot of context on this particular group which seems to be having some good success so far, so if this is a mechanic everyone is excited about exploring then so be it.
pivoting signal to abstain; still think the issuance piece is hand-wavy but recognize it may not be really the center of what this prop is about
good luck!