Nouns

One Noun, every day, forever.

nouns.wtf

Imo we limit ourselves if we make it too formulaic to a Noun. Should be like quantitative easing: we need power to mint! 😀

One version is 1000 $nouns are auctioned everyday

there’s two paths floated for $nouns:

1. allow ppl to convert nouns to $nouns at a fixed ratio (eg 1 noun = 1,000,000 $nouns)

2. issue a separate token supply that the dao manages / sells.

i lean #1 b/c i don’t like the idea of managing two token supplies… but @wilsoncusack thinks #1 is limiting.

thoughts?

I'm not really dogmatic here. I think the wisdom of meme coins is they are very left curve. Any complexity hurts that. 

But meme coins are also short lived. So if we want something more useful in the long, maybe better to give it some real utility to start.

in relation to the $nouns discussion i think about this cast a lot.

imo we don't really need to launch a *new* memecoin (new token supply). nouns is already the memecoin we need with just a super long time horizon. what we need is it to have an erc20 API endpoint (canonical conversion; eg 1 noun = 1,000,000 $nouns)

yes! related to the time horizon point: https://warpcast.com/noun40/0x35f628ee