PINT Network: Cosmically retroactively receiving first funding

Originally published by Patron#1 on Nov 21, 2021 at pint.network/t/cosmically-retroactively-funded/

Today, PINT Network has claimed ~ 48.77 ENS tokens with transaction# 0x913d4a990563fced0c1e829c525750822e05295a22d738204c6d3805d6f289dd on ETH mainnet. Patron#1 discovered the claimable tokens on Nov 20. This is weirdly remarkable in a way that this retroactive drop of ENS governance tokens, comes from the very on-chain identity of PINT Network, pintnetwork.eth, which was acquired on Oct 14, meeting the ENS criteria by just enough days, where PINT Network spirit was conceived for the very purpose of decentralizing authority and thereby for public good.

While ENS team probably has no clue of PINT Network, yet by the principles of decentralization, they have spread out goodness. How this benefits PINT Network is that the claimed tokens are in a sizeable value in context of airdrops, and for that matter, decent value for PINT Network which is only supported by sweat to boot, and barely any financial funding from the poor Patron#1.

We are already working on some conception of funding the first invention and overall activities of PINT Network. Presently, in infancy, we are not structured to remunerate the efforts; However as we have in past discussed the competitive aspect of the network, financing is a need, but, to be carried out by principles, and therefore, institutional fiat funding is not to be favored.

For now, we'll hold the ENS tokens with the intent of value appreciation. We state this transparently because at this time we are not very aware on how voting for matters of ENS is better aligned to the purpose of PINT Network spirit than funding its natively purposed elements, neither can we afford gas.

This however has given us an important avenue to think about i.e. maintaining governance tokens as part of future structure of governance formed under PINT Network, and thereby pooling tokens and creating a representative mode of outside governance, in simpler words a "lobby" but that is a terminology we do not yet favor using much in our context, just like we do not favor the terminology of "law" and "rules", and instead labeled the guiding corpus of PINT Network as "Texts". In this age, words come with greater consequences than ever, as vocabularies are carefully associated to perceptions by powerful forces, and make up mental models of the present and future.


https://web.archive.org/web/20221209150120/https://pint.network/t/cosmically-retroactively-funded/