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https://opensea.io/collection/nouns
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Toady Hawk
@toadyhawk.eth
Itās easy to paint nouns as a failure because it was launched during the height of the NFT bull with a valuation that maybe wasnāt sustainable, but @elieās assertion that nouns is a failed experiment is only true if the experiment was āmake your holders very rich.ā Itās possible to be a member of a DAO and an onchain community for reasons other than that, and Nouns is proof. āāØ-āØ To wit: Name another NFT project or DAO that hasā¦
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Elie
@elie
āNetwork valueā š¤¦š»āāļø I thought it was about the culture. Or is networking with high net worth individuals with lots of LinkedIn friends what you mean by culture? Itās currently a failure because itās created little of long term value. And this same sentiment about nouns existed 2 years ago. Had the community had a different attitude to creating long term value it may have been able to fund more value creating projects. To me nouns feels like a non profit. And thereās a reason for profits have larger impact on the world. You can seek profit and have impact.
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Toady Hawk
@toadyhawk.eth
Nouns does have a pretty compelling culture, and network value is a small part of that (as it is with all human societies.) The problem with saying that nouns has done ālittle of long term valueā is that it is impossible to prove or disprove that statement at this juncture. Maybe youāre right and nouns will be relegated to the dustbin of history. Maybe Iām right and in 10 yearsā time it will be one of the only projects from 2021 thatās still relevant. Time will tell I suppose. In any case, the point of my cast wasnāt really to argue with you, I appreciate you sharing your perspective. I just wanted to give a different one from someone who has been pretty involved in the community since early days. š
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Elie
@elie
Appreciate that. And to be clear Iām not making a long term prediction. Weāll see where nouns is in a decade. With a $20m treasury still intact it could be somewhere. But not if it continues on the path itās set for itself so far. The big question to me is how is that treasury spent. And thatās been the core question since day one.
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Michael Gingras š (lilfrog)
@frog
currently the treasury spend has no vision. This is nouns biggest problem. It allows many people to get away with grifting the treasury in the name of "meme proliferation"
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Elie
@elie
I hear you. And it felt like it was this same way 1-2 years ago as well š¤·āāļø
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