wylin💎↑

@wylin

308 Following

1229 Followers

wylin💎↑ pfp

i’m 100% down with an idea like this unfortunately we’ve got an unupgradeable contract on the current token that makes it impossible to do this with it

1 reply

0 recast

0 reaction

wylin💎↑ pfp

we're gonna win so much, you may even get tired of winning. And you'll say, 'please, please. It's too much winning. we can't take it anymore. mr. president, it's too much.' and I'll say, 'no, it isn't! we have to keep winning! we have to win more!'

0 reply

0 recast

6 reactions

wylin💎↑ pfp

1 reply

0 recast

1 reaction

wylin💎↑ pfp

not saying no bootstrapping is required, just think the longer term issue of liquidity is better with better incentives around the token. $nouns WAS bootstrapped then promptly arbed, that chart is ugly would pushback on comparing Nouncil and zero votes to $ascii voting and the identity via other Nounish projects points Nouncil is a permissioned body; it’s not intended to be broadly inclusive and not everyone will be able to vote through it Zeroweight has been sunset. people can vote without a Noun but unless you’re deep into this thing, most people find it fairly useless. there’s real incentive giving people actual skin in the game of Nouns through fractional voting that just doesn’t exist now re: identity; Nouns has an allure that these projects simply don’t. being associated with Nouns is not the same as being associated with Lils, etc. $ascii can have a crystal ball so people can choose their fractional Noun when they wrap it it adds complexity but gives membership & identity incentives

0 reply

0 recast

0 reaction

wylin💎↑ pfp

not there is a solve tbh personally skeptical that a pseudo-money will be allowable under the DUNA, it’s a nonprofit association regardless of 501c3 even if it is, does anyone actually want to accept and spend Zimbabwe-esque fake money? if they do, are businesses ready and willing to deal with the accounting and tax issues of converting it into fiat? i think Ben Latsko has some good ideas re: access pass/ ticketing for events, not so sure about using it as money though

3 replies

0 recast

2 reactions

wylin💎↑ pfp

“put the fries in the bag” lmao

0 reply

0 recast

0 reaction

wylin💎↑ pfp

personally wouldn’t be against a name change. i had minimal involvement with $ascii, knew a prop was coming a provided a bit of feedback but no real involvement. picked up the mantle after learning the code had been finished for weeks but the audit was stalled because $nouns was released imo the wrapping into NFTs and ability to meaningfully participate in governance, as opposed to zero voting, gets to the crux of solving the liquidity issue by giving people a real reason to care and actually buy more, at which point medium of exchange use cases can begin to flourish, plus it is significantly more aligned with the core thesis of Nouns as an experiment in bootstrapping onchain governance & identity

2 replies

0 recast

0 reaction

wylin💎↑ pfp

the audit didn’t pass when we put it up; can resend the audit prop at anytime, code’s ready to go the governance process is important, kind of the fundamental thing that Nouns is, so no desire to leverage DAO-wide resources for a personal project or just send it anyways when the proposal doesn’t pass i get the space is permissionless but sometimes it’s important to show restraint. the core thesis of Nouns is bootstrapping governance & identity onchain; putting the token out after the prop not passing totally flies in the face of that and would be a bad look. imo the design of $nouns is fundamentally broken and blacklisting the Nouns in its contract doesn’t solve that i understand the sunk costs for a site like NounSwap but all it does is make people bag holders

1 reply

0 recast

0 reaction

wylin💎↑ pfp

imo the design and incentives of $nouns are fundamentally and irredeemably broken even blacklisting them from the quorum count, the token only serves to create bag holders if esports asks for another 3 Nouns to liquidate and giveaway, it’s highly unlikely 3 people end up with 1m $nouns each, much more likely they’re spread across a bunch of people what’s their incentive to hold, to participate with Nouns beyond surface level grift for the sake of more tokens? there’s no use case for this token other than to sell it for harder forms of money or roll into your next shitcoin play. if incentives to hold existed, that transaction history wouldn’t be bloody red from all the sells

2 replies

0 recast

5 reactions

wylin💎↑ pfp

1 reply

0 recast

1 reaction

wylin💎↑ pfp

0 reply

0 recast

1 reaction

wylin💎↑ pfp

cc: @indexcard.eth cc: @dot

1 reply

0 recast

0 reaction

wylin💎↑ pfp

i’m not mad at it, sometimes dogs bark up the wrong tree

1 reply

0 recast

0 reaction

wylin💎↑ pfp

please stay out of my DMs with your consumer product launch. respectfully, i don’t care doing innovative DePIN work? making economic data real time & onchain? happy to talk and use your platform

1 reply

0 recast

5 reactions

wylin💎↑ pfp

think we need to work with the team to create an investment & risk tolerance policy but think it’s worth considering

0 reply

0 recast

1 reaction

wylin💎↑ pfp

0 reply

0 recast

1 reaction

wylin💎↑ pfp

if these subcultures already struggle to get funding, there’s not much reason to think their excitement will generate capital inflows imo we’ve already seen with esports that once you open up the faucet to a subculture, many groups within that subculture will shoot their shot. have we seen an ROI there? personally don’t think so the tax benefits of charitable designation opens up perpetual incentives for capital inflow, and like i shared in the 501c3 presentation to Nouncil, you can even do stuff like Magic the Gathering kits as a charity, so plenty of room to support subcultures as long as the proposals are framed the right way

0 reply

0 recast

0 reaction

wylin💎↑ pfp

i deeply agree with this thesis. personally am very bearish on the ability to raise meaningful capital independent of crypto boom-bust cycles without charitable designation both encouraging capital inflows and serving as a hard check against the private benefit of insiders

1 reply

0 recast

1 reaction

wylin💎↑ pfp

to more directly answer your question of what’s uniquely capable through Nouns: decentralized, democratic public impact rather than the centralized tax havens focused on wealthy people’s pet projects or corporate marketing budgets/ reputation laundrring

0 reply

0 recast

1 reaction

wylin💎↑ pfp

great question the core of the argument is that by operating a decentralized, transparent democracy, Nouns is inherently charitable because it encourages civic engagement and shows that civic engagement is a worthwhile endeavor that can have positive impact. we’re pioneering models for how governance can work, and maybe even curating the next generation of political leaders if we’re participating in a democratic experiment, the question becomes what are we governing over and what are the outputs of that democracy? i’m biased towards IRL impact so i’m going to advocate for those things. my hope is developers like yourself could help shepherd public good technologies, (that are both the technical definition and in the spirit of the words,) through hackathons, school blockchain clubs, etc. i have some ideas about bringing govt budgets & economic data onchain but would defer to people who are actually deep in the world of code to make that push

1 reply

0 recast

2 reactions