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Toady Hawk 🟡 ⌐◨-◨
@toadyhawk.eth
It’s easy to paint nouns as a failure because it was launched during the height of the NFT bull with a valuation that maybe wasn’t sustainable, but @elie’s assertion that nouns is a failed experiment is only true if the experiment was “make your holders very rich.” It’s possible to be a member of a DAO and an onchain community for reasons other than that, and Nouns is proof. ⌐◨-◨ To wit: Name another NFT project or DAO that has…
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Elie
@elie
“Network value” 🤦🏻♂️ I thought it was about the culture. Or is networking with high net worth individuals with lots of LinkedIn friends what you mean by culture? It’s currently a failure because it’s created little of long term value. And this same sentiment about nouns existed 2 years ago. Had the community had a different attitude to creating long term value it may have been able to fund more value creating projects. To me nouns feels like a non profit. And there’s a reason for profits have larger impact on the world. You can seek profit and have impact.
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Toady Hawk 🟡 ⌐◨-◨
@toadyhawk.eth
Nouns does have a pretty compelling culture, and network value is a small part of that (as it is with all human societies.) The problem with saying that nouns has done “little of long term value” is that it is impossible to prove or disprove that statement at this juncture. Maybe you’re right and nouns will be relegated to the dustbin of history. Maybe I’m right and in 10 years’ time it will be one of the only projects from 2021 that’s still relevant. Time will tell I suppose. In any case, the point of my cast wasn’t really to argue with you, I appreciate you sharing your perspective. I just wanted to give a different one from someone who has been pretty involved in the community since early days. 💛
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Elie
@elie
Appreciate that. And to be clear I’m not making a long term prediction. We’ll see where nouns is in a decade. With a $20m treasury still intact it could be somewhere. But not if it continues on the path it’s set for itself so far. The big question to me is how is that treasury spent. And that’s been the core question since day one.
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Nounish Prof ⌐◧-◧🎩
@nounishprof
So which proposals that didn’t pass would you have voted yes on that you think would have moved the needle more? And this is for you or @frog The only way funds move is by proposal. Curious if you see anything that’s been discarded that you believe should have been funded.
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Michael Gingras (lilfrog)
@frog
way more of the opposite. Proposals that _did_ pass that shouldn't have because they are poor uses of the treasury. As Elie put quite well, we need more proposals that encourages more long term success. Value creation is a good proxy for success, since value is hard to create and often happens on long time horizons. A great majority of proposals that pass claim to be for "meme proliferation". Going to events to attract new users, doing some sort of public marketing with nouns branding to attract new users, creating nouns branded goods despite there being an extremely limited audience for those goods... these things routinely pass but they are low impact. An example of a great proposal is https://nouns.movie/ This is an ambitious goal, it's well executed, it references nouns but not in a way that the end product would only attract other nouners. Imagine if we kept pouring resources into this vertical and became a leading animation studio. boy can dream
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Michael Gingras (lilfrog)
@frog
This can be solved with better vision for nouns. Meme proliferation needs to be retired. We need big, ambitious visions for the treasury that we can execute against. Agora's delegate statements are a great product bc it forces people to think about what they want to see. Voters can't be reactive, they need to be proactive and say "this is what we want to fund".
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