Farcaster

one reason why nouns failed was because there was no truth seeking among participants. everyone was trying to extract as much as possible. farcaster feels like a much bigger wave than nouns but similar energy. hoping we can get more truth seekers on here that want to actually build new ways to coordinate.

building @dau and @boostxyz to help app devs grow onchain with token incentives

What did you want or expect Nouns to accomplish?

Hacker founder using ai to coordinate onchain economies /tenfold, nounish channel client /comint

More: rubinovitz.com

i'm not sure to be honest. i was a holder and part of the community when i saw it was a new type of coordination that was happening over the internet. it's still one of the best experiments done so far, but only can compare it to it's own past history (which of course is subjective)

It’s hard for me to think of Nouns as having failed when it did run the experiment and many of the community members still get together and are some of my favorite in crypto.

I disagree with the current biggest voting block but the voting mechanisms are working as designed.

Differentiate the good of a brand from it's token plutocracy.

The needless Nouns pageantry of calling themselves a democracy is their way of purity spiraling into God Status in the Pocket World. It is incredibly convenient to ignore the underlying bias of token plutocracy.

A voting system favoring the wealthy. A system that has never worked in the history of man. A foundation built on hurried-hype that has been slowly punishing every single early investor.

A begrudging/asinine way to engage the structure of this smart contract is to pretend it isn't broken. "We're having tons of fun spending 12 hours a day making friends based on props and the dangled carrot incentive of  providing time and labor unpaid to a random unseen group parading themselves as a democracy.

Token Plutocracy is the vampire living in the center of the castle, and the moat surrounding it is filled with nothing but a lack of spending thesis and long bridges made of unexecuted proposals. 

The profit bias is hidden.

Most wealthy people spend on philanthropy for fun and status, not returns.

You can acknowledge the good of the brand and still differentiate it from the token plutocracy.

Wealthy people historically have overspent on marketing and philanthropy, most of which will have no returns and die in the next 5-10 years. 

Token plutocracy is broken and so is auctioning randomly generated pixel art. (if we call it art).

I'm not even a Noun myself and I see it same as you. 

The cultural impact of Nouns at large seem greater than many projects with more $$$.

Can argue about the % of waste, but for a radically new mechanism I'd consider it a success.