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Gami ⌐◨-◨
@gami
Nouns is a brand you can buy into through a daily token auction. All auction proceeds go into a fund and the tokens (Nouns) are used to vote on funding requests. Each day the weight of each vote goes down, including the new one up for auction. Utility value goes down. Sign (meme) value is conflated with size of treasury (book). Exchange value doesn’t grow treasury. How do we value Nouns? Has to be sign value. We need to break free from bindings of book value. But how? ⌐◨-◨
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