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main learnings: 1. fungible token is just much much easier to "dabble" in. i initially bought a small amount to just be supportive to @martin and @six. but the crazy thing is that once you dabble, you become interested. i started checking /higher daily and stayed tabs on what's happening
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2. fungible token makes @rounds (and tipping) in the native token possible. in the /nouns channel you earn eth. in the /higher channel you earn ↑higher. when i earned ↑higher, i liked it more. pretty intuitive to the $degen ppl but i wasn't part of the $degen tipping culture so i didn't know this first hand
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3. it feels much more like "money" and the trading UX is much nicer. ↑higher just literally shows up on my rainbow wallet. 24hr price change shows up. i can tap "swap" to buy/sell via onchain liquidity immediately. i ended up buying a few times more b/c the friction was so low.
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all of this is making me even more convicted on the idea that we should launch $nouns (nouns backed fungible token; for example 1 nouns = 1,000,000 $nouns) i think it would 100x the economic owners of nouns by allowing ppl to dabble or earn small amounts and i'm pretty sure it gets ppl to pay attention / care
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more on the $nouns idea: https://warpcast.com/noun40/0x20a27de6
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@pip
why u fading $nogs tho? It's basically what you described but more
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i had a long discussion with @0xsatori on this that might be illustrative to my thinking of how $nouns and $nogs are not the same thing: https://warpcast.com/0xsatori/0xd97ac0a1
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@pip
Alrite cheers will take a look, but imo $nogs could be whatever nouns want it to be
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i don't think $nogs can be nouns tho! my proposal for $nouns is just to allow nouns to be transformable into another form factor (erc20s). allowing $nogs to convert to nouns would be a token merger of sorts, a much different thing to what i'm proposing.
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Yes fair enough, fractional Nouns... imo isn't as fun / you won't be checking the price everyday :) altho fractions could trade at a premium.. appreciate the explanation! Could actually help nogs anyway as you'd have $nouns / $nogs LP on base for e.g.
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$nouns price not bouncing around as much as other memecoins would be fine imo!
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@pip
Well with the current mech it will just go down..! One thing I'm not sure about is why it is better than just using ETH... There is surplus in the treasury already..
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