Nouns

One Noun, every day, forever.

nouns.wtf

Path to making $nouns useful and scalable:
1. Get it audited
2. Exclude $nouns’ Noun balance from totalAdjustedSupply (NounsDAOFork lib upgrade +  NounsDAOLogicV4 upgrade to consume new lib)
3. Deposit some treasury Nouns (top N ID’s)
4. LP some of the $nouns, and distribute others as builder rewards

Benefits:
* $nouns won’t break governance quorum
* More LP means less slippage, making it more feasible to use $nouns as a medium of exchange within the Noun ecosystem
* Fractional treasury Noun distribution for builders rather then giving full Noun’s, which are mostly not being used (and themselves, hurting quorum)

Prop 536 failed largely due to regulatory uncertainty and liability, but DUNA might solve this?

Thoughts?

cc @noun40 @el4d @davidbr

imo the design and incentives of $nouns are fundamentally and irredeemably broken

even blacklisting them from the quorum count, the token only serves to create bag holders

if esports asks for another 3 Nouns to liquidate and giveaway, it’s highly unlikely 3 people end up with 1m $nouns each, much more likely they’re spread across a bunch of people

what’s their incentive to hold, to participate with Nouns beyond surface level grift for the sake of more tokens?

there’s no use case for this token other than to sell it for harder forms of money or roll into your next shitcoin play. if incentives to hold existed, that transaction history wouldn’t be bloody red from all the sells

accelerating agritech. empowering communities. ending hunger.
 https://cityfarmers.xyz

I agree, after about 6 months of trying to stack I’m at 150k, only 15%. it doesn’t make sense to buy myself either since it’s a price premium to buy nouns AND risk of price slippage. At best, right now it’s like one of those weird schemes that force you to save for retirement, except instead of retirement it’s a noun. Social security nouns 

Tbh I’ll probably sell my position soon, I just don’t see a way to get to 1m realistically. It’s aspirational and I really love the idea of it but in practice it’s too challenging

Crypto, nouns, malleable software, interfaces, running. // working on @agora // https://0xmcg.com // /the-pond

i got my second noun by stacking 1M $nouns for ~2.7 ETH (the first doing it seems so) when they were at +3 ETH. i bought several times a day for 2 months straight. yeah, it’s challenging but possible and as aspirational as buying fractions of ETH, BTC, or whatever 

i’ve also seen people stacking with rounds. i believe @spencerperkins.eth got it right, and it’s a matter of improving liquidity and fixing adjusted supply 

tbh, i don’t know why there’s so much hate towards $nouns and comparisons to $nogs and $⌐◨-◨. different designs, more options to play

co-founder @nounsamigos.eth and The Nouns Fair | previously @metamask @bitso

it would've been the same bidding in the auction

it was a winning strategy because i got a noun. if i wanted appreciation/profits, i would've kept the eth

the only thing i don't like is the ETH didn't go to the treasury, but again, different designs, more options to play

The problem with stacking is it takes so long and I’m convinced price of auction is just trending down 

so ya maybe you got 2.7 eth but auction is selling 2.4 now 

So buying $nouns is like DCAing into an asset that is always going down in price 

It’s a losing strategy