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Memo 0xc3ef6ea9…ce4565 on Ethereum

oversight-in-the-hands-of-the-community-⌐◨-◨ "This feels less like solving concentration of power, and more like moving it somewhere else." +1 > "Hundreds" feels like a stretch. I also don’t see this as us vs them. I’m not on either side. I’m on the side of Nouns DAO working as intended. > > ‘Who is actually participating’ is subjective. Voting, posting, building, holding, all of these are different forms of participation, and the system has never required them to align. We’ve had many grant and gifted-noun recipients not vote long before BEM showed up, or just show up for their own proposals. That’s not new. And was basically impossible to get a reply from a Nounder (previously the largest token holders) so that's not new either. > > How is Nouncil ‘far more representative of the DAO’? The DAO is ultimately token holders. Nouncil holds one Noun. That doesn’t suddenly make it a better proxy for the broader set of stakeholders. > > This feels less like solving concentration of power, and more like moving it somewhere else. > > Giving veto to Nouncil is a funny meme, but I don’t think it actually addresses the underlying issue. Imo Admins hold veto or destroy it.