0xd714dd60…f3c8sent to0xf790a5f5…1365·#24,986,406·view on Etherscan
secret-ballot-voting-&-sealed-bid-auctions-for-nouns-dao@0xFC53...6183
reposting a relevant reply from twitter
https://x.com/auryn_macmillan/status/2049495598970073236?s=20
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I totally understand the inclination towards transparency, especially in something like Nouns. But the reality is that transparency and accountability are a double-edged sword.
We tend to think of transparency as enabling constituents or communities at large to hold representitives or whales accountable. In practice, however, transparency doesn't neutrally empower the broader public but rather empowers whoever has the organizational capacity to act on the information.
Generally, the actors best positioned to operationalize that accountability are organized interests and tightly coordinated minority factions.
Receipt-free secret ballots defang this collusive and coercive influence by making bribery, collusion, and coercion highly trustful, costly, and ultimately not scalable.
Where the broader constituency can effectively wield accountability is through transparency in the deliberation process and outcomes. Argue passionately in public debate, vote with your feet/wallet when outcomes consistently run counter to your values and interests.
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> Heavy agree with this statement from krel on prop 216 when we funded research for this the first time:
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> "Im a big proponent of nounsdao funding public goods, especially in the software/crypto/ethereum domain, so on the one hand, i love this initiative.But Ive come to the conclusion that private voting acts to further dehumanize nounsdao, and that, on net, we gain from having faces (or avatars) attached to votes for as long as possible.
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> I believe nounsdao is better off in a world where voting comes with some social pressure to take responsibility and publicly stand behind voting decisions. I acknowledge social pressure also swings the other way (relationship costs, nepotism, etc) but Im willing to make that tradeoff vs cold, faceless PvP."
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> [...also these props always seem to come up when (imo) bad actors and book value bois are lurking.]
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@0x13eE...DA33
Here's an example application, the same underlying technology plugged into the Aragon stack: https://dao.theinterfold.com/
You can read more about the architecture in our docs: https://docs.theinterfold.com/CRISP/introduction
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> interesting and something the dao should experiment with. i think for something like this to be valuable it needs to be some kind of product that can generate more governance activity. i think the days of pure research are long gone so i'd like to see your unique take on building a product around this
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> mockups, videos, (anything you can provide to derisk your prop / pow helps)
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> looking forward to updates
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> ---
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> "1 Noun aligns our long-term incentives with the DAO. We are not building a service for Nouns — we are becoming part of it."
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> just buy it
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