After listening to the Nouncil meeting yesterday, I have some thoughts on the thing that makes the world spin around : the mighty $$$
Let’s be honest, everyone is here to fight for those fresh crispy bills from the Nouns ATM. The gift that keeps on giving, but is it gifting correctly? This is the fundamental question.
Sam Ellis opened up the discussion about builder compensation as it has become common practice for the community to request compensation discounts on most props IE: you’re asking for too much and it feels to me like you’re taking the piss. Now, one could argue that people don’t like seeing other people making money, that is human nature. But FFS we’re in Web3 and not at a discount dollar store, right? Nouns is a premium product that requires premium inputs if the quality of global projects are not going to be compromised. That should be the modus operandi, full stop.
We’re currently experiencing the Nouns discount effect and the saltiness is real, and we’re all busy floating on the dead sea. And that should make you think twice.
Business is business and DAO’s are not the perfect circle that they’re made out to be and my thoughts are that if the world had to be a DAO you would still have the 1% vs 99% economic disparity. So is this business model really that ground-breaking as the hype train makes everyone believe? As a community how can we strive to make it close to perfect?
So what is the point to all of the above? What is the solution? Well, transparency is needed, first & fore-mostly that is the bottom line. If you want to make money from the Nouns ecosystem then you need to be open and show everyone how much money you’ve ‘extracted’ from the Nouns Treasury. IMO this is the fundamental advantage of the protocol as it’s all on-chain.
So let’s start this out as a test and see if anyone partakes. If you have/haven’t been granted money from the Nouns Treasury and have read this far, please drop a comment with your remuneration or the need to be remunerated, there should be no judgment. For those that have, you’ve earned it fair & square but lets get this shit out here for those that don’t understand the process. If you were a builder on a project and received a % of the raise or got a lump sum, drop that below as well. This is not a he/she got more than me scenario, but more a ‘how do we share the wealth, if everyone can build in some shape or form’, props are the foundations, we’re all builders and you’re not going to get rid of capitalism, as unfair advantages will always exist but let’s ensure that the old & new vested participants can actually pay some bills with Nouns $$$ as we all continue to proliferate the meme.
Let’s open a healthy debate on how to stop the discount effect, because in the long run, salt breaks & crumbles buildings.
Thanks for bringing this to the noggles table Sam!
Please note: I have never received any money from Nouns DAO and don’t own a Noun.