Nouns

One Noun, every day, forever.

nouns.wtf

The Nouns Arb Game

@davidbr and I spent a lot of time discussing it with Nounfolk. We realized the burn won't solve it fast enough and paused to think. This is an attempt to summarize our current grasp of the arb.

Hope this is helpful!

part of verbs team, working on nouns things

The Nouns Arb Game

@davidbr and I spent a lot of time discussing it with Nounfolk. We realized the burn won't solve it fast enough and paused to think. This is an attempt to summarize our current grasp of the arb.

Hope this is helpful!

https://mirror.xyz/verbsteam.eth/W4gaOrp6NC6jopc6vGsGuhz3o4ej0G_0TFhBlcLed94

working on nouns protocol ⌐◨-◨ https://mirror.xyz/verbsteam.eth

two paths; 
erase the treasury
or
adopt fair exit 

Even setting threshold to 51% will likely not achieve your goal of 50%+ long term buyers imo

I agree fair exit deserves more airtime. my favorite design is:
* fork value capped at noun's auction price
* BV-cap diff gets burned to mitigate majority attack incentive

however it adds material complexity, so my conviction diminished

I’d think the exit value would default persist @ fork dao . Any issues there? 
Again I am not rly thinking about the hard-cap but rather a % exit share (and same exposure to dao expenses)

the most worrying part is of course unknown unknowns; we should probably hire protocol big brains to help

some known stuff:
* nouns are way less fungible
* do we carry your cap to the fork DAO?

Protocol complexity adds attack surface much more than adding traits :) 

Anyway once again I feel like text has hit its limit for me at least 😅

To better understand what each of us is saying I think voice is needed

ie if simplicity is paramount why use nfts at all? 

The tech allows us to be more expressive & humanizing I see this as another expression of that . 

In most countries we each get 1 vote but we do not all get the same bank account

if you do true auction-price based exit, forgoing the issue of what to do about profits for the time being, I don’t see the 51% attack risk..?

Why should one’s exitpx who buys @ premium be slashed? 

Ofc agree it adds complexity but it is also the case that adding a zillion traits to our gov token does so as well.