Content pfp
Content
@
0 reply
1 recast
1 reaction

Noun 40 pfp
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
5 replies
14 recasts
74 reactions

SDFWE pfp
SDFWE
@sdfwea
Interesting perspective on fan engagement and economic alignment! It's amazing how the absence of certain elements can actually foster more open participation. Thanks for sharing your thoughts!
0 reply
0 recast
0 reaction