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050nor
@050nor.eth
🎩 $DEGEN, the social currency and why it could grow so much bigger.🤯 Some random thoughts on why $DEGEN (and farcaster) could grow so much bigger. - Vibe of the Mafia wars🔫 - Tipping as capital allocation🫰 - Degen Game 🎲 🧵 👇 (don't know how to make a frame yet 🫠 )
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050nor
@050nor.eth
1/5 Things revolving around $DEGEN in the past few days - Integration with @perl - Integrate as currency https://drakula.app/ - Super cool StreamYoink from @superfluid that lets users earn a stream of $DEGEN until someone else "yoinks" it away. and many many more! 💯 💯 💯 💯
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050nor
@050nor.eth
2/5 🔫 Vibe of the Mafia Wars. $DEGEN now (with Farcaster as backbone) gives a vibe of platform with waves of apps like Mafia Wars on Facebook(👴 ) in the early 2000s. The differences which will be a tailwind for this trend are: - Farcaster is permissionless - $DEGEN is composability across apps. 🌎 🌍 🌏
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050nor
@050nor.eth
3/5 💁♂️ 💁♀️ Tipping as capital allocation Capital allocation is a way to incentivize ecosystem building and most blockchains still do it in a centralized way. Tipping is a genius way to let "users" allocate capital, tipping the contributors that they think is beneficial to the $DEGEN society.
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050nor
@050nor.eth
3.5/5 And it was done so frictionlessly, that people don’t even think about it🤔 . We just tip anyone's contribution that caught our attention whether it’s just plain funny or could be a valuable insight. 😏
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050nor
@050nor.eth
4/5 🎲 🕹 Degen Game Using frame/apps inside Farcaster with $DEGEN is like playing a game. We all Degens have this pleasure of getting tips, tip others with $DEGEN and not other currencies! Imagine tipping with ETH, we will feel completely different. Using $DEGEN is like a game's rule and we love playing it.🤑
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050nor
@050nor.eth
5/5 🫠 Lastly, I feel that this trend is quite aligned with the Attention theory of value and Publisher-Exchanges thesis by Multicoin. $DEGEN could grow so much bigger and there will be lots more consumer apps trying to piggyback $DEGEN unstoppable rise.💥 💥 💥 Let's build this together 🚀
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