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Toady Hawk đĄđŠ á˝
@toadyhawk.eth
Itâs easy to paint nouns as a failure because it was launched during the height of the NFT bull with a valuation that maybe wasnât sustainable, but @elieâs assertion that nouns is a failed experiment is only true if the experiment was âmake your holders very rich.â Itâs possible to be a member of a DAO and an onchain community for reasons other than that, and Nouns is proof. ââ¨-⨠To wit: Name another NFT project or DAO that hasâŚ
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Elie
@elie
âNetwork valueâ đ¤Śđťââď¸ 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? Itâs currently a failure because itâs 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 thereâs a reason for profits have larger impact on the world. You can seek profit and have impact.
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Toady Hawk đĄđŠ á˝
@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 âlittle of long term valueâ is that it is impossible to prove or disprove that statement at this juncture. Maybe youâre right and nouns will be relegated to the dustbin of history. Maybe Iâm right and in 10 yearsâ time it will be one of the only projects from 2021 thatâs still relevant. Time will tell I suppose. In any case, the point of my cast wasnât 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. đ
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Elie
@elie
Appreciate that. And to be clear Iâm not making a long term prediction. Weâll 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 itâs set for itself so far. The big question to me is how is that treasury spent. And thatâs been the core question since day one.
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Michael Gingras (lilfrog)
@frog
currently the treasury spend has no vision. This is nouns biggest problem. It allows many people to get away with grifting the treasury in the name of "meme proliferation"
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Elie
@elie
I hear you. And it felt like it was this same way 1-2 years ago as well đ¤ˇââď¸
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