Degen

🎩 $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 🫠 )

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! 💯 💯 💯 💯

perl.xyz is your onchain social arcade, powered by $DEGEN. Join the discussion at /perl

Superfluid is the money streaming protocol. Start earning every second with streaming airdrops, rewards and yield. claim.superfluid.org

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.

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. 😏

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.🤑

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 🚀

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. 🌎 🌍 🌏