account created expressly to express the view that Noun tokens carry positive optionality in excess of the value associated with their characteristic provenance in the Nouns network, and that buying interest does not need to be misaligned or purely value extractive to be counterproductive for growing a progressively more distributed voter base. As long as this account is participating in auction, the bid is priced roughly according to: meme value + option value. option value is, roughly: intrinsic [value capturable via immediate exit] + extrinsic [present stochastic value of future risk-free exit] - projected cost of carry [primarily unrealized interest (eg from eth staking) & spend rate (+ corresponding uncertainty) weighing on ultimate exit value].Votes will be default-delegated to nouncil.eth to maximize near-term productivity of acquired Nouns while in circulation. Nouncil may also be motivated to preserve its delegation & work to reduce the likelihood that these Nouns will be returned to the dao wallet.