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0xen 🎩
@0xen
so i'm learning there are 2 nounish coins? who's got the $nogs v $nouns rundown? how are they different, alike? $nogs has first mover advantage and outrageous liquidity. what's the $nouns thesis?
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seneca
@seneca
$nouns is the erc20 form of the canonical nouns nft. at a high level, the thesis is no different than that of the nouns nft as they are the same thing. as for specifics: https://warpcast.com/el4d/0xddc72a34
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w-g
@w-g
surprised to read this from you. Not sure the most efficient thought example to offer but one is to imagine that 100% of the market cap is expressed in $nouns. Remember there are no governance rights attached. Is the thesis unchanged? You may be happy with this trade-off but the assets are substantively not the same
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seneca
@seneca
context matters. op is talking about a non nouns backed vs a nouns backed token. nuance is impossible in this format so pls don’t read into beyond what is being discussed.
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w-g
@w-g
I think that is unfair, with respect. You could have just said that - $nouns is redeemable for noun and vice versa, without saying they are the same thing . In fact you could have said they are not the same thing. precision matters. people are making investment decisions
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