1097
Noun 40
@noun40 #1097
cofounder/cto @ bitwise
337140 Follower 259 Following
ali works with me at bitwise and joined facaster today at the denver meetup!
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will be at the eth denver farcaster meetup later today!
Bitwise raised $70M in additional funding from an amazing set of backers to continue our mission of serving crypto investors.
Grateful to our clients, backers, and team that make this all possible 🙏
Onward!
https://x.com/bitwiseinvest/status/1894389259752341811?s=46
Grateful to our clients, backers, and team that make this all possible 🙏
Onward!
https://x.com/bitwiseinvest/status/1894389259752341811?s=46
in these dark days there's an eth etf that cares enough to donate to eth public goods 🙂
don't lose hope. stay nounish! https://x.com/BitwiseInvest/status/1892227696853385636
don't lose hope. stay nounish! https://x.com/BitwiseInvest/status/1892227696853385636
if you’re nouns fan trading clankers, consider using @matchaxyz to trade since they support nouns! (largest sponsor of nouns @esports)
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wrote a long VWR for the 2025 esports prop. felt it was one of the more important props for us to think through and the pros/cons is nuanced: https://www.nouns.camp/proposals/698?tab=activity&item=0xae65e700f3f8904ac1007d47a5309dd26f8146c0-698
nouns was just early with facing this reality re DUNA imo
also like when miles, lex node, and preston agree on something re crypto regulatory risk posture that’s a rare moment
https://x.com/milesjennings/status/1858720755523219932?s=46
https://x.com/lex_node/status/1858727851836469292?s=46
https://x.com/prestonjbyrne/status/1858730314073317487?s=46
also like when miles, lex node, and preston agree on something re crypto regulatory risk posture that’s a rare moment
https://x.com/milesjennings/status/1858720755523219932?s=46
https://x.com/lex_node/status/1858727851836469292?s=46
https://x.com/prestonjbyrne/status/1858730314073317487?s=46
i don’t even know what this means but pat has been cooking
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News out from us today: Bitwise is acquiring Attestant, a non-custodial institutional Ethereum staking provider with $4B in staked ether.
I’ll personally be leading the team so my life is getting crazier but grateful and excited for the opportunity 🙏
https://x.com/hongkim__/status/1856700138795987141?s=46
I’ll personally be leading the team so my life is getting crazier but grateful and excited for the opportunity 🙏
https://x.com/hongkim__/status/1856700138795987141?s=46
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
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
i feel this a lot. every nouns fan goes through some version of governance burnout. the best trick for a sustainable nouns fandom is to remind yourself that nouns is a headless brand and its world is bigger than the dao. you don’t need permission
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if you hold $nouns right now it’s probably bc you want to see a nouns backed erc20 happen
one way you can more actively support that is pairing your $nouns holding with some eth and providing liquidity into the uniswap pool so that future users of $nouns can experience less slippage
easiest way is to LP with the full price range so that you don’t have to actively manage the position
https://app.uniswap.org/explore/tokens/base/0x0a93a7be7e7e426fc046e204c44d6b03a302b631
one way you can more actively support that is pairing your $nouns holding with some eth and providing liquidity into the uniswap pool so that future users of $nouns can experience less slippage
easiest way is to LP with the full price range so that you don’t have to actively manage the position
https://app.uniswap.org/explore/tokens/base/0x0a93a7be7e7e426fc046e204c44d6b03a302b631
new record for longest VWR i've written 😅. my thoughts around voting FOR the DUNA prop. (if the screenshots are hard to read you can read it on camp here: nouns.camp/proposals/662)
JB never stopped working on the nouns funded farcaster client
it’s centered around making minting easy for subcultures fans to support its own artists and each other
excited to see how it evolves 🙂
it’s centered around making minting easy for subcultures fans to support its own artists and each other
excited to see how it evolves 🙂
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zora’s “spark” unit is starting to grow on me. 1 spark being one millionth of 1 eth.
we have gwei but that’s one billionth of an eth and that’s just too small.
111 sparks (price of 1 mint) is around 30 cents right now. 1 spark is around a quarter of a cent.
i feel like there’s a decent chance this sticks
https://zora.co/writings/sparks
we have gwei but that’s one billionth of an eth and that’s just too small.
111 sparks (price of 1 mint) is around 30 cents right now. 1 spark is around a quarter of a cent.
i feel like there’s a decent chance this sticks
https://zora.co/writings/sparks
these notifications about someone minting after seeing you mint is weirdly satisfying. i think i would care less if it was just a follow “like” but follow “mint” means the creator actually made more eth bc of it. kind of cool.
(everyone also go mint the @benbodhi doc by @leoclark.eth to support the work!)
(everyone also go mint the @benbodhi doc by @leoclark.eth to support the work!)
this is the way. we support others’ fandoms and they in turn learn about the positives of crypto through nouns
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i’m now officially on the zora app. loaded some eth. minting everything from nouns folks.
it’s not exactly bound (isn’t scoped to mints that share rewards back to the nouns treasury) but the minting UX is FINALLY exactly what i ever hoped for (double tap; no fuss)
reply if you’re actively posting on zora and i should follow you!
it’s not exactly bound (isn’t scoped to mints that share rewards back to the nouns treasury) but the minting UX is FINALLY exactly what i ever hoped for (double tap; no fuss)
reply if you’re actively posting on zora and i should follow you!
@latsko.eth you should bring back butter and allow payments in $nouns!
then if nouns fans earn $nouns combined with the recent smart wallet developments where they can pay gas with erc 20s it would allow someone to buy buy a hat / hoodie from your store without even having to onboard to any fiat onramp to get eth
just straight $nouns to merch. all self-custodial. the dream.
same for you @bigshotklim! or @nouncoffee!
a casual fan earning enough $nouns to get to a full noun would be hard. but getting to a point where you can get a hoodie or toy or coffee should be reasonably attainable even with just like a few well-liked casts on /nouns with the $nouns @rounds
then if nouns fans earn $nouns combined with the recent smart wallet developments where they can pay gas with erc 20s it would allow someone to buy buy a hat / hoodie from your store without even having to onboard to any fiat onramp to get eth
just straight $nouns to merch. all self-custodial. the dream.
same for you @bigshotklim! or @nouncoffee!
a casual fan earning enough $nouns to get to a full noun would be hard. but getting to a point where you can get a hoodie or toy or coffee should be reasonably attainable even with just like a few well-liked casts on /nouns with the $nouns @rounds
@rocketman looking for thoughts on what the top level buckets should be for the new flows funding mechanic
everyone please share your thoughts!
everyone please share your thoughts!
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love the idea of nouns creating new and better inclusion parameters than the existing ones in existing subcultures
one dynamic just ppl sharing something in common (nouns) that leads them to feel a shared belonging and see past the normal stereotypes. another is actual physical gatherings (eg nouns town) and digital gatherings (this channel) that mash these subcultures together
tbh this is one of the things i love most about nouns. my life is much more full of interesting subcultures and ppl as a result of nouns. you can also see it happening everywhere. like smash esports players stayed more days to come to the film festival and come to dreamland and that included them in new spaces that they normally would not be in and they loved it
one dynamic just ppl sharing something in common (nouns) that leads them to feel a shared belonging and see past the normal stereotypes. another is actual physical gatherings (eg nouns town) and digital gatherings (this channel) that mash these subcultures together
tbh this is one of the things i love most about nouns. my life is much more full of interesting subcultures and ppl as a result of nouns. you can also see it happening everywhere. like smash esports players stayed more days to come to the film festival and come to dreamland and that included them in new spaces that they normally would not be in and they loved it
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recently found out that @patyiutazza and @krel are both life long magic the gathering fans (yet another subculture)
both felt that hasbro (huge toy company) buying the rights to the game back in 1999 was clearly bad for fans
the more i’m looking at the world in this lens the more financial misalignment i see between subculture fans and traditional corporate ownership that lands on those subcultures
nouns and crypto at large should explore if long term sustainably fan aligned forms of value capture and governance is possible for these subcultures
the objective function is different from traditional c corps. it’s not maximizing shareholder profits. it’s being financially sustainable (likely modest growth for long stretches of time) while maintaining the integrity of the culture for fans. the tough part is credible and durable governance without something objective like profits as a north star.
both felt that hasbro (huge toy company) buying the rights to the game back in 1999 was clearly bad for fans
the more i’m looking at the world in this lens the more financial misalignment i see between subculture fans and traditional corporate ownership that lands on those subcultures
nouns and crypto at large should explore if long term sustainably fan aligned forms of value capture and governance is possible for these subcultures
the objective function is different from traditional c corps. it’s not maximizing shareholder profits. it’s being financially sustainable (likely modest growth for long stretches of time) while maintaining the integrity of the culture for fans. the tough part is credible and durable governance without something objective like profits as a north star.
new funding meta just dropped 👀
i’m very curious to see how this evolves. at a high level i think it’s much needed and very differentiated from the prop by prop yes/no majority voting since that’s governance energy intensive and isn’t a continuous stream of funding.
with flows we can fund non consensus ideas (some money will start to be streamed to things only a minority is interested) and it can be for lower amount continuous funding needed things. i think this is good for plurality in nouns and also just lowering barrier to entry as a builder.
it’s a pretty intricate thing so curious to see how it works in nouns and what new things get funded through this 🙌
i’m very curious to see how this evolves. at a high level i think it’s much needed and very differentiated from the prop by prop yes/no majority voting since that’s governance energy intensive and isn’t a continuous stream of funding.
with flows we can fund non consensus ideas (some money will start to be streamed to things only a minority is interested) and it can be for lower amount continuous funding needed things. i think this is good for plurality in nouns and also just lowering barrier to entry as a builder.
it’s a pretty intricate thing so curious to see how it works in nouns and what new things get funded through this 🙌
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