Like, if you were selling bonds to middle American insurance companies, you could say “Hey round out your portfolio with some samurai?” and that a) means a thing that if you cared about this you’d instantly understand and b) is not crazy marketing for a financial product.
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“Implausible that a middle America insurance company would buy a samurai bond, Patrick.” OK you win this round, Disembodied Second Thoughts.
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(A samurai bond is a JPY-denominated Japan-docimiled bond issued by a foreign issuer. Goldman Sachs, for example, gets cheaper borrow costs in JPY than USD by quite a bit, and there is plenty of yield-seeking capital in Japan.)
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Technically we took out the loot tokens for v1, so now there are just "shares", but the ragequit to withdraw your funds mechanism is still there.
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Btw ragequit as a meme has been super effective to represent "the ability to exit at any time and maintain sovereignty of your funds". So much that today when people want to join DAOs they have started to ask: "Does it have a ragequit functionality?"
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As an active Molochian I’ve found it to be an extraordinarily useful capital coordination tool
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If Moloch was called "Ethereum community development fund" it'd be less easily dismissable. OTOH, it has the "don't be evil" vibe of focusing your thoughts on where you don't want to end up, which is nice.
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Not the best, but certainly innovative
Thanks. Twitter will use this to make your timeline better. UndoUndo
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