tldr; The DAO fork, while protecting against a dishonest majority, may have opened up an attack vector for a dishonest minority to repeatedly drain the Nouns treasury.Nouns is perhaps one of the most active and fully decentralized DAOs out there. It is continuously at the forefront of funding public goods, art, and governance experiments - the upcoming “DAO fork” is another interesting one to observe. The fork is introducing a net new mechanisms that did not exist in traditional corporate gov...

tldr; The DAO fork, while protecting against a dishonest majority, may have opened up an attack vector for a dishonest minority to repeatedly drain the Nouns treasury.Nouns is perhaps one of the most active and fully decentralized DAOs out there. It is continuously at the forefront of funding public goods, art, and governance experiments - the upcoming “DAO fork” is another interesting one to observe. The fork is introducing a net new mechanisms that did not exist in traditional corporate gov...

tldr;In a world where all assets are digital, you cannot enforce DRM (or very difficult to)Question is: how do you run a business in a DRM-free world?If there’s no enforceable stick, you have to create a desirable enough carrot. Answer: aligned structure where artists are willing to sell you their margin in exchange for your provenance.When I was first introduced the concept of “Nouns” by Noun 40 and Yitong, my head immediately went to: “gotcha, it’s like Hello Kitty or Marvel, right? Build v...

tldr;In a world where all assets are digital, you cannot enforce DRM (or very difficult to)Question is: how do you run a business in a DRM-free world?If there’s no enforceable stick, you have to create a desirable enough carrot. Answer: aligned structure where artists are willing to sell you their margin in exchange for your provenance.When I was first introduced the concept of “Nouns” by Noun 40 and Yitong, my head immediately went to: “gotcha, it’s like Hello Kitty or Marvel, right? Build v...