lastpunk9999

@lastpunk9999

Joined on Sep 18, 2021

  • Nouns is an autonomous art project that creates digital originals and puts them on auction. Tying a Noun to any amount in the project's treasury is category error. There is no relationship between the two. A purchaser has bought an artwork. The project receives those funds. The artwork and the pool of funds are unrelated. Splitting and quitting link a Noun to the treasury in a way which fundamentally alters the project. Instead of building an open-source brand, tying a Noun to a portion of the Nouns DAO treasury makes the DAO an individual for-profit organization. Rage Split Prevents Nouns Flywheel Enshrining Rage Split creates the forever incentive that when "book value" is greater than auction value, the difference of funds will always be siphoned from away from Nouns DAO. Should Nouns DAO find a fly-wheel to generate funds outside and inexcess of auction proceeds (e.g. via droposals), the funds immediately become a target for a "minority split". As an open-source brand that funds itself by increasing the provenance value of its artwork, this is detrimental to the project. Veto is Too Powerful
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  • Summary Allows anyone to put up a reward for minting a Noun with a specific trait and donates the funds to a non-profit chosen by the requester from an approved list of addresses. Flow Creating a Request A user creates a Request by sending in funds along with data about the specific trait (e.g. Head), traitId (e.g. 54 aka 'Cone'), and an approved non-profit. A Request can be scoped to a specific nounId or set to ANY_ID. ANY_ID will never match to an non-auctioned Noun. Example:
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