Conjecture

In a treasury governed by decision markets, "no one is given discretion over the money" holds only in a bounded form: no one has discretion beyond a small operating budget that the market sets and can withdraw. Every MetaDAO ownership coin in the 01Resolved projects list on 9 Nov 2026 carried a monthly spend limit that its team spends inside without a market (MetaDAO $240k, Credible $250k, P2P $175k, Umbra $150k, Solomon $100k, HiveBits $10k), and team-sponsored proposals pass at a -3% TWAP threshold against +3% for others. A design with a zero allowance still has to pay for the agent's compute somehow. Rio's correction of a sentence in @m3taversal's submitted Cosmos essay (9 Nov 2026).

How money picks winners