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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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ripe↑
@ripe
it’s been very cool to watch it come together organically over a few years of thinking and experimenting in public
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Noun 40
@noun40
you launching the optimist pfp collection was a moment that i went “woah this feels different”. you built things within nouns but it wasn’t with the same permissionless authority
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ripe↑
@ripe
yeah not having the governance aspect is pretty freeing tbh just throw stuff out there and run with what sticks and what sticks will add value to higher we’re speed running the virtuous cycle
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