Nouns

One Noun, every day, forever.

nouns.wtf

Nouns was a cool experiment. Nothing against the idea. It had potential. But didn't pan out in actuality. Maybe it would have for a different set of holders.

This was clear 2 years ago as well.
Nouns treasury still holds $20m. So maybe given another few years you'll figure something out.

Building getinboxzero.com and sharemint.xyz.

I also run a YouTube channel, "Learn from Open Source": youtube.com/elie2222 

Well this is theoretical. Maybe the experiment was doomed to begin with. But part of it is there’s a large group that are happy to see value evaporate because of the “culture”.
A group that was more profit orientated. Ie they could have launched 20+ startups with their $50m+ treasury.
But the profit oriented holders decided saw it was a disaster so pilled their funds with the fork.

Another thing id change is founders shares. And that nouns keep minting indefinitely.

I said this years ago too fyi. But I’d vote to stop founders getting more nouns. And I’d vote to stop printing more nouns.

The treasury has more than it can handle. And that’s been the case forever. So better to stop diluting holders and filling up a useless treasury.

This basic concept is beyond many nouners though. When I said this to someone a year ago they responded “why would we stop generating revenue with daily auctions” not realising each auction is selling a share in the DAO 🤷‍♂️

What's wrong with the current holders?
What kind of holders do you think could make Nouns pan out?

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

What did pan out?

There’s a treasury with 20m unspent. Not to mention the 50m+ prefork.

The floor price went from 100+ to 3 eth. Yes that’s true of some other projects. But those are also failures.

Probably sitting on a stool | Shower thinker | Collaborative Worldbuilding | Community Games

/farcastles /brians-rescue

I’d argue brand awareness isn’t great. Very few people know about nouns in crypto.

It’s easy to fail in crypto. Almost every project does.
If you’re looking for an objective measure of success then price would be it. And there it’s failed quite badly.

If you’re looking for other metrics, then sure. But show me the metric it has succeeded on.

Right now the treasury has $20m. That’s a fair bit of money. It could fund 40 YC startups $500k each, create a fair amount of value for the world, and maybe also be profitable. I don’t think the treasury should implement that exact plan, but something in that vein would likely create more value than anything it’s done to date.

Oof hot take and appreciate the balls it takes to post it in this channel. Not sure how you define failure. It's arguably the most recognizable Web3 brand. Brand awareness and network effect says more about a project than the individual value of NFTs (especially with the entire sector still in deep bear market). 

Could you elaborate?