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Goldy ⌐◨-◨
@goldy
OK my thinking has evolved (was probably midcurving as usual) » a canonical fractionalised token could be an amazing tool to reward builders, making good use of our treasury Nouns, & adding liquidity and fidelity. » a memecoin is like any kind of proliferation or derivative: copies make the original more valuable.
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brennen
@brennen.eth
Midcurving Nouns is my favorite activity
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Noun 40
@noun40
love how you always look to understand things on your own 🐐 terms
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w-g
@w-g
Distributing native token through rounds definitely feels good but really do wonder if there’s some subtext here of trying to tap into a retail hype cycle. 🦈 🩸 Imo very likely small investors will pay a premium in bull and sell at a discount to NAV in bear same as $shark
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Sam
@sams
Another underrated aspect ERC20s have is that marketcap is more easily viewable and comparable to other ones. Nouns currently sits at ~$26m based on the last few auctions and that number seems absurdly low relative to how much reach it has.
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Toady Hawk 🟡🎩 ᖽ
@toadyhawk.eth
ser have not received $goldy airdrop pls check
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rafa
@rafa
I was a memecoin hater and then realized: doing the current thing is not necessarily bad. Imagine if Nouns had “not” done the current thing with NFTs? I think the magic is in the execution: can nouns build a better memecoin? can they innovate in the same way they elegantly created the perpetual auction mechanism?
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Andrew Johnson
@warden
Adding a fractional like currency can be useful.(allows people who can’t afford a full unit the ability to opt in) But memecoins only utility are that by being a derivative of an original(in the sense that you use the original to claim the memecoin) they essentially act as a burning of that coin
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