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https://opensea.io/collection/nouns
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wiz
@wiz
nouns needs a revolution of common sense. meme proliferation is a half baked idea that justifies a slow drainage of the treasury under the false promise that attention leads to net inflows overtime. WRONG, the world cares about RESULTS. grants should go to individuals with a history of executing and a focus on those that can add energy back into the system equal to energy taken out. shun efforts that seek to redistribute power or grants without equal investment in (this is a sneaky way to steal). art for the sake of art and not propaganda should be reprioritized. if a prop cannot attract economic activity to nouns or eth… DENIED.
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jacob
@jacob
NFTs + auction are the biggest issue in my opinion: it’s not an effective value capture mechanism for attention. It prices out most of the demand curve, and needs to clear in realtime. Anyone should be able to buy in for 1c or $1M at anytime.
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wiz
@wiz
agree here too. there are some efforts to make progress on $nouns but the auction and 1 noun a day seems to be something people aren’t willing to move away from
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Brian Flynn
@flynn.eth
what is stopping progress of $nouns?
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Michael Gingras (lilfrog)
@frog
Since you can burn 1m nouns token for the NFT there’s an easy arb opportunity if the price of the token exceeds the price of a NFT. This actually happened in the first few days of the token — you could buy (4eth) and burn a noun NFT into 1m nouns token, and immediately swap them for 10eth. It wrecks the pool, and now the token trades pretty closely to the nft price. I don’t see a world in which the token has a 10x moment because it will always create the arb
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jacob
@jacob
not simple
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