0xdf6e59c6…0019sent to0x6f3e6272…223d·#18,323,614·view on Etherscan
If I had to pick one word to describe NounsDAO, it'd be "forever." It's amazing to design a protocol that can stand the test of time. In my view, the 'fork' and 'burn' are essential features towards building a perfect DAO that can be played for many years by different generations of nouners without the need for supervision.
I believe the problem isn't a lack of leadership or a shortage of "hell yes" projects. After all, Nouns is a decentralized autonomous organization. IMO if people hadn't tried to control and inflate auction prices, no one would have financially overextended themselves, and everyone could have enjoyed the version 1 game.
Now, the DAO is in a situation where it must choose whether to spend a big portion of its treasury or continue losing money to arbitrage. Also I believe it is inevitable that the treasury will dip below 1000 ETH someday, and auction prices will fall below 10 ETH. However, in the grand picture of things, neither auction prices nor treasury size should be important if nouners use treasury to sponsor projects close to their hearts or build their own nounish projects. The burn mechanism makes it clear that nouners should use the treasury. I wish more nouners did build something nounish in the last two years. For example, projects such as "Free Glasses for Children," "PropHouse," "Nouns Esports," "Nouns Running Club," "Skate Parks," "Global Pizza Party," and others underscore the power of collective effort, something that might be financially and practically daunting for a single person.
The real essence of nouns isn't about flipping NFTs. It's about being a part of the community as a "nouner" and having access to the treasury. If you have an idea and join Nouns, you can tap into a pool of talented nouners. You won't need to find the first user for your project; you already have fans all around the world. There are many other benefits and perks in Nouns.
*sent from voter.wtf*