Purple

Purple’s goal is to proliferate and expand the Farcaster protocol and ecosystem.

Reflections on Purple: https://www.philmohun.com/purple-reflections/

Elevating onchain creators 

@nodefoundation @brightmoments 
@ampsfun

Operator turned investor. Work in TradFi.  @crossroads 🟪

I respect that perspective and know  we both just want to see Purple succeed.

The history of DAOs suggests we should expect more of the same if we continue running on vibes alone.

Longer conversation (and not knocking the effort), but I just don’t think strategy docs are the right tool for organizations like Purple.

There is no one in charge. This isn’t anyone’s job. Trying to manage via strategy doc is like steering a cruise ship w/ a sail.

For better or worse, we’re running on vibes.

I agree Phil! 

Some of these we could solve for quickly if we revisited the strategy work we did at the end of last year, and started using it to guide our focus and effort.

I don't see Purple as stagnating. While we are not passing proposals, our treasury grows, and we have more dry powder we can use whenever we are ready.

Also, there is a proposal coming soon from @scottrepreneur.eth based on a presentation he gave at the last Town Hall that could help address some of your concerns.

Love the thoughts here. Did you see the WIP proposal for giving powers to smaller teams here? We shared a bit about it on the last town hall.

Would love any feedback you might have.

Love the thoughts here. Did you see the WIP proposal for giving powers to smaller teams here? We shared a bit about it on the last town hall.

Would love any feedback you might have.
https://app.charmverse.io/purple/working-groups-via-hats-6224602166947166

In addition to not feeling like Purple is stagnating, I also also don't see my tokens as a "status symbol". I see them as a better way of contributing to a charitable (i.e. public goods) cause that gives me some governance and engagement I wouldn't get with a traditional non-profit.

I am unsure where are at today probably close to 500 holders so autonomy to smaller teams sounds great. Many ways to skin the cat here but I like sub-teams for historic funding segments like building, commmunity building, creators as a start. All support expanding FC

Whatever your decentralized, borderless, neutral, censorship-resistant open blockchain question is, the answer is YES… to Crypto!

There are hypersubs and party.app's that set up a "dao-like" entity to buy certain NFTs.  for example there was an outcast one and a few others.

Maybe someone makes a more palatable "buy a purple" party and then they coordinate [x] people to get together to buy a purple and maybe they find a way to vote on how to vote

Purple is a Veblen good — the higher the daily auction, the more people will want it

Your daily bidding has done a valuable service to support the treasury

Instead, we need a different way for people with less capital to become engaged that is non-dilutive

I've auto-bid higher starting bids as attempt to increase token value, knowing I'd likely be outbid on most. 

Now I see after reading this I'm also  creating an imperfect environment by shutting out many.

I'll reduce that activity and also inquire into how to organize a giveaway of 2 of my purples.  Recommendations?

Particularly like 1 and 3 of “What we can do about it”

less mental gymnastics. more financial power. the opposite of these two were purple’s weakness. 

always said it, degen has achieved more than purple and it’s an fc borne project. be like degen, but not entirely.