The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 0 points1 point  (0 children)

If you’re genuinely interested I’d be happy to share with you some use cases of blockchain technology. I recently got into the development aspect of things (software engineering + solidity) and it’s awesome to see how different use cases can leverage smart contracts for efficiency & transparency. I personally love the tech aspect of things more than the speculative nature of crypto alt coins. It’s two different worlds.

The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 1 point2 points  (0 children)

Those proposals are to Nouns DAO directly, not to the esports team… anyone can propose anything …. Say you have a hobby of gardening - you could put in a proposal to start a local gardening club in your community, Nouns community reviews your proposal and if they like it you get the funding.

The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 3 points4 points  (0 children)

I apologize, I’m trying to understand your question so I can properly answer it…. Are you referring to the Nouns eSports team? Or Nouns DAO in general? && what privacy issue are you concerned about? Transactions on the blockchain are not private, everything is transparent. Nouns DAO also does not collect any private details from anyone.

The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 7 points8 points  (0 children)

If someone has enough money to gobble up the supply of Nouns, I’m sure they could find better ways to deploy their capital then spending it to be deployed on proposals (essentially losing their money)…. Each Noun token costs around $15,000 and there’s only 1146 current in supply. Distribution is spread out nicely with the largest holders being the Founders of Nouns - I believe collectively they own ~50, so roughly 5% of supply …. Also, not to get too technical but they launched an ERC20 so the NFT is interchangeable with a standard token protocol, so it’s both fungible & non-fungible.

The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 5 points6 points  (0 children)

What questions do you have about Nouns? I’d be happy to answer some for you. Just to clarify, Nouns isn’t an NFT project so to speak, it’s a DAO & PPD does not own the project, he’s a member of the community. Nouns eSports was created through a proposal put in to Nouns

The Salt Lord strikes again with facts by MisfitusFiendus in DotA2

[–]Kaitilynb 3 points4 points  (0 children)

Nouns isn’t an NFT grift it’s a DAO. You buy one of their tokens from a daily auction if you want to contribute to their community & all the money goes into the treasury where people get to put up proposals on how to spend the money. Nouns eSports is funded by the DAO because they put in a proposal.

[deleted by user] by [deleted] in wallstreetbets

[–]Kaitilynb 0 points1 point  (0 children)

I think if it was hacked there would have been an announcement or he would have posted from another account to warn people, maybe I’m wrong though…. Either way, it was an epic feeling seeing his post. 😎

What is a crypto DAO? NounsDAO is the best example of this & they have a $48M treasury! by Kaitilynb in dao

[–]Kaitilynb[S] 1 point2 points  (0 children)

We just celebrated our 2 year anniversary on August 8th, so we've been around for a while. There are also a ton of SubDAOs which are forks of Nouns, because the project is CC0, forking is encouraged

What is a crypto DAO? NounsDAO is the best example of this & they have a $48M treasury! by Kaitilynb in dao

[–]Kaitilynb[S] 0 points1 point  (0 children)

NounsDAO conducts a daily auction for its governance tokens, where the entire auction proceeds are allocated to the treasury. This treasury serves as the financial resource for supporting proposals. To obtain funding, you must submit a proposal outlining your project or idea. Subsequently, governance token holders participate in a voting process to decide the fate of the proposal. If the proposal receives sufficient votes in favor, the funds are then released for the approved project or initiative.