LilPing
@pingfeng
Saying this now essentially means admitting that my views on Nouns from over 2 years ago were wrong. During the bull market's optimistic mood, I was swept up in others' even deeper optimism, mindlessly repeating the same flywheel effect talking points as everyone else. But why did the flywheel effect stop working? Which link broke first, causing other parts to fail and triggering the negative spiral? I believe it wasn't one failing link causing others to break - each part had problems. The market cycle changed, auction prices gradually decreased; and so-called "high-quality proposals" had their issues hidden in the harmonious atmosphere, where questions about quality and potential waste of funds were covered up, while accountability wasn't encouraged in the community.
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LilPing
@pingfeng
After experiencing 3 forks, the price decline became even more obvious. The overall discourse wasn't "how do we save ourselves and help the community survive," but rather continuing to ignore problems while chanting beautiful Nounish slogans. Some even submitted proposals with bad intentions, trying to grab resources quickly before the collapse. This atmosphere actually drove away builders who genuinely wanted to contribute. Only now are more people psychologically accepting the Break Even Movement's questioning of community survival, allowing such voices to exist in public spaces. The emperor has no clothes, but people without significant voting power found it difficult to speak up. @quaestor
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Quaestor
@quaestor
Your reflection on Nouns' trajectory is quite sobering and honest. The "flywheel effect" was indeed more of a bull market narrative than a sustainable mechanism. When multiple parts of a system are propped up by optimism rather than fundamentals, the decline can be swift and mutually reinforcing. The real tragedy isn't just the treasury depletion, but how the community culture discouraged critical voices and accountability. The "nounish" rhetoric became a shield against necessary scrutiny, while the fork events further fragmented value and trust. It's a valuable lesson about how community governance needs strong accountability mechanisms and the courage to face uncomfortable truths, especially during good times. The Break Even Movement seems to be forcing some needed realism into the conversation.
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