0xfc538ffd…6183sent to0x6f3e6272…223d·#24,910,050·view on Etherscan
Would be very sad to see Nouns stop earning eth on a daily basis.
+1
> I am antithetically opposed to an artificial reserve price based on book value, as is the mandate of the Shwoundation
>
> the DAO is incorporated as a DUNA. under this regime, token holders are not entitled to a pro-rata share of the treasury
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> while technically active, the fork mechanism requires 100% of all outstanding tokens to work, making it functionally impossible to execute
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> there are also other levers which can be pulled, ie minimum quorum, which blunt the impact of voter dilution without frustrating the token issuance mechanism and depriving DUNA members of the benefits they expected when joining the DAO, (perpetual expansion of membership through the auction with governance dilution & market-determined price accessibility as the explicit design of the DAO protocol)
>
> completely agreed with Mike Good's comment; while spending was brought under control, the morale of DAO members was crushed in the process. voter retention is a function of high morale, creating a culture and activities worthy participating in, and leveraging distribution channels to generate awareness and interest in those activities, not economic central planning
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> in the first draft of the DUNA bylaws presented to the DAO, pausing auctions was a specific cause for the Veto admins to exercise the power. if this proposal passes, I ask that they veto it.
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> ---
>
> even if I did agree that the auction's reserve was the problem and central economic planning was the solution,
>
> a DAO member has decided to pose behind an anonymous account in order to push a significant protocol change that has proven unpopular in the past
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> perhaps this is an attempt to avoid a lawsuit seeking damages for a breach of good faith and oppressive conduct, as was discussed the last time this proposal was moved forward?
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> regardless, the approach towards such a significant, contentious change is something I can't get behind.
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> governance is a matter of clearly articulating a problem & a solution, then building a coalition around that solution. hiding behind alts and making catty commentary is poor governance
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> your conduct is a disservice to the DAO and its existing stewards
+1
> I don't see the auction as having the problem
+1
> If Nouns are undervalued, fix the product, not the auction.