Neuron Fund Design Flaw Proposal

Sure, if there wasn’t a Neurons Fund they may have done that, but it’s extra work especially for an air-gapped neuron. Now they have the ability to “set and forget”, and some have chosen that option.

As far as the legal part goes, IANAL but I know there are some amazing lawyers in Zurich who specialise in just that.

Again, it comes down to pro’s & con’s - it that enough of a benefit to justify putting the entirety of the NNS & SNS projects at risk?;

Slippery Slope
Appeal to Experts
and probably a few others.

Anyway it seems that the vote’s going to get shot down.

That’s okay, just wanted on-chain documentation🥰

What is your experience of law in Switzerland? I mean being afraid of government is never a great way to live life. I know the US is hardcore authoritarian right now but these things come and go. NF is basically an ETF, you can choose to participate. No one is forcing anyone to participate. The honey pot is def there for early projects and I think participants of the NF will choose to leave once the projects don’t perform to their expectations. Such is the life of investing though and ETF’s that will go to zero exist in traditional markets. I mean makes sense to have an optional DFinity dApps ETF.

1 Like

I am not saying it shouldn’t exist, I am saying in its current form, it presents the opportunity to do more harm than benefits offered.

Your description of the NF ties very well into the “Portrayal of an Investment Opportunity”. However the difference in comparison to a traditional ETF, is that NF participants don’t get to choose when they exit, or if they even can at all - the NNS does.

The legal aspect is 1/3 of the issue - even if we say “this is blockchain there are no borders this is a DAO they can’t sue us!”, there are still major vulnerabilities in regards to Front Running, Liquidity, Contributions, and Participants Decision making abilities.

Is this not an exit, maybe not a complete exit? What do you mean exit?

Trust me half the traditional market is trillions of $$ invested in Memes.

That is you choosing to actively contribute to new sales.

Once you have participated in a sale, there is no way to sell your “portion” without the permission of the entirety of the NNS.

1 Like

Might not be a significant portion. I mean if someone is investing a significant portion into the NF they really need to understand what they are getting themselves into.

Also I just want to say we need more people like you to vet the projects. I think you do a great job at that. I can’t become noise though and we really need to follow standards as to what we want to allow into the launch pad. I don’t know everyone has their take on this. But we need more people really going through stuff and checking source/tokenomics/team etc

2 Likes

It’s not accurate to say that the NF is not a significant proportion, considering that the NF has been representing 30-50% of SNS Sales lately.

Yeah that has def been different. Would be great to get more analytics into this situation.

1 Like

Would you please elaborate further? Why do you want this proposal to have on-chain documentation? What value does that bring to you? Why is forum documentation not good enough?

1 Like

He probably means that in the event of a personal trial against him, he will refer to the fact that he was a member of the DAO, which did something wrong, but “I was against it, I even made a proposal to disable this NF as an option” :face_with_monocle::rofl:

1 Like

My previous proposal has shown the forums are beyond censored - I would prefer something immutable.

Furthermore, if you felt as though there was a functionality that posed a legal threat to the entirety of the NNS, or that there was a security risk on multiple levels to the SNS framework, would you not want documentation that you actively attempted to prevent it from taking place?

Controlling parties made their stance clear before I put this to prop, I knew how the vote would go, but I find it curious you’d like me to justify putting this to proposal, even though all governance proposals are just documentation of glorified polls.

2 Likes

When we are in a trial as named neurons & liquid democracy delegates.

1 Like

I’m not afraid of being punished for living in harmony and defending my ideals.

1 Like

Personally, tax evasion & security risks are not ideal to me.

1 Like

Taxes on what? Maturity in itself has no specific value to be traded in the market.