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Noun 40
@noun40
i continue to find higher fascinating nouns and higher are both headless brands but the *absence* of the dao seems to make it more obvious to higher fans that permissionless participation is welcome and encouraged the *presence* of a fungible token also creates more economic alignment amongst the fan base. any fan can buy any amount of $higher that fits for them. there’s a feeling of shared squad wealth that bitcoin has, ethereum has, that higher has but nouns does not bc most nouns fans don’t own nouns nfts of course the inverse of the above is also higher’s weaknesses. even with a $30m mkt cap, it’s probably hard to coordinate funding $100k+ or $1m+ community projects atm. bitcoin with its $1.5T mkt cap routinely struggles to raise ~$10m / yr for its ~50 core open source devs. tragedy of the commons is a real thing esp as you grow further
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Noun 40
@noun40
higher is growing and grappling with questions of collective economic action and governance (eg how should @aethernet be funded) nouns is maturing (shrinking?) and grappling with questions of economic sustainability and focus there’s a sense i have that the optimal point for max permissionless participation with max collective action is somewhere in between the models of nouns and higher the fun thing is that these are permissionless systems so anything can be layered and built on top. i’m trying to advocate for a fungible token layered on top of nouns with $nouns (erc20 backed by the nfts). higher doing some partydao stuff for select things you could think of as layering light governance on top of $higher. it’s fascinating. also have just enjoyed seeing @martin @six and @lght.eth cook with higher. i can almost notice the things they’ve taken from nouns and the things they’ve left behind and it’s a joy to see them freely express themselves as their full selves!
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martin ↑
@martin
really cool to hear that you’re still excited about higher, it makes me so happy to read this I’ve been thinking about the DAO aspect a bit more recently, and I do think the lack of structure is a secretly great way to form a community of contributors who truly care with little to no value extractors , which I never would have expected some light structure here and there can be nice, but there’s a weird “trust the process” element to it I’ve been leaning into
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Noun 40
@noun40
i’m learning a lot by just following along. keep going! you have great instincts. rooting for you 🙂
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