Ok - as promised, here goes. 

This is a small list of tokens that I find the most compelling at the moment. Before you get your feelings hurt if your bags aren't on this list please remember, this is:

a) not financial advice
b) my opinion and not yours

First though, who the hell am I anyway and why should you care about my opinion?

I'm an artist and software developer and I've been active in web 3 since March of 2021.

NFA. Dev/Artist. Exhibited Internationally.

/daily-art-mint
/daily-fan-token
/scanography
/cyanotype

After building up a bit of a following on Twitter, I watched the platform get nuked and realized that I would have to rebuild elsewhere, where I'd be less exposed to poor decision-making and power in the hands of a megalomaniac.

This was when I learned about both Lens Protocol and Farcaster, and so I joined both and enjoy both. I have been active here since there were only a few hundred daily active users.

During the closed Farcaster beta, I invited just under 100 people to join the platform. I've been casting pretty much daily here since before there were channels, frames, tokens, etc. The platform appealed to me immediately, before all this extra utility was added.

I've watched as various hype waves have come and gone, people complaining about this vs that - (often about what is "fair vs unfair") though usually it boils down to their desire to:

a) earn value, and
b) put in as little effort as possible to earn that value

And by the way, I think this is completely fine. 

In fact, I think it's awesome and exactly *why* decentralized social media is going to be a very serious threat to centralized web 2 social media.

The issue we have seen time and again though is that antisocial behaviors that are detrimental to the long-term viability emerge to game these reward systems and can lead to ruining communities. So what to do about it?

(Ok time to finally start to chat about the aforementioned tokens)

Specifically: $moxie, $build, $enjoy and $degen. 

Also, this is my current line of thinking, and my opinion can and should change over time. Don't be interested in these just because I am.

I'm going to start with $moxie. 

I feel like $moxie is what Farcaster was missing but this was not obvious to me at all until yesterday 😂

Before moxie, we were all trying to fit other social tokens like a square peg through a round hole to reward content on Farcaster. 

It was kind of working, but kind of not.

The genius of moxie is that it *just works* in the background rewarding users who are creating great, engaging content in the network (which is what we really need by the way), and should help work to elevate this content from the spammy/farming/botting low-effort stuff that isn't going to help with wider adoption.

In just two days of using Farcaster like I always have, I've now accumulated around $70 worth of moxie.

This is pretty nuts and currently is under-appreciated. 

If you find and connect with people here who resonate with what you are sharing, you end up earning something from it. 

That fits pretty perfectly into this:

This is pretty nuts and currently is under-appreciated. 

If you find and connect with people here who resonate with what you are sharing, you end up earning something from it. 

That fits pretty perfectly into this:

https://warpcast.com/aaronrferguson.eth/0xb5a80751

I would not be surprised if moxie is the flywheel that drives wider Farcaster adoption.

And a great secondary benefit of $moxie being this wider umbrella for rewarding quality content on Farcaster is that it frees specialist tokens from having to pretend to be generalist tokens.

This allows you to use your $degen tipping allocation to tip (reward) the type of content you want to see with heavier weighting than just engaging and earning them $moxie would do. 

Use $degen to help grow what you want there to be more of. Or not, it's up to you and that's kind of the point imo :)

Want to help artists/creators/curators more than just engaging with them for them to get $moxie or $degen tips?

This is where $enjoy is filling a really important need on Zora. You can tip part or all of your weekly allocation when you mint - some goes to the first tipper (the curator), and the rest to the creator.

Tipping $enjoy can take some of the sting away for creators who are releasing work on Zora as "free mints", and is an excellent way of helping them earn something extra. 

Artists have a hell of a time making a living in the best of times, and believe me that giving away art for free is a very hard pill to swallow.

And finally (I'm probably going to catch some flak for this), I feel this frees $build to be more of a specialist income source for builders (ie: devs), though obviously this is open to interpretation. Nominating people who are building communities around channel feels like less of a fit now that $moxie is a thing.

From experience, devs are often spending a lot more time writing code and not as often focused on building a social media presence so I think $moxie now allows $build to be better suited through it's weekly nominations to help support people who are focused on building behind-the-scenes.

So that's my reasoning why $moxie, $degen, $enjoy and $build are currently interesting to me. 

I think they have potential to be used effectively in combination to help steer us towards the types of quality content and apps that we want.

Thanks for following along :)

Computer Scientist who just thinks onchain is neat. /formative

Thank you schorn! The barrier to becoming a “content creator” just got obliterated right infront of our eyes

Strong thesis! I didn't really have a good picture in my head of how these all fit together. I think you've sold me though. I still need to find time to explore further outside of degen, but moxie especially does excite me. 500 $degen

Aaron, banger of a thread you've got here.  I really agree with your takes on how each of these can be used in their own way to better fit use cases that are more specific to each token.  500 $degen

9to5

Founder of /success & /insider-trading. Search Marketing Director at Kraken Kratom.

Thanks Maretus! Tbh I don't know much about it, but this got me following it now and I will learn more :)

Hey Aaron. Great thread. I agree with my all of your choices.

Really, the only one you forgot is /9to5. 😉

dev;
engineer;
digital artist(painting pixels with code);
-
https://linktr.ee/nicculus


from one engineer (dev can be so stigmatic) to another, i really appreciate your time in breaking some of these points down into practical chunks of info. much respect!!

I'm a regular reply guy | I like crypto, art, web3 game | Proud owner of onchain gaias, stub, much more nft | Pokemon ENS electrike.eth

Thank you! Glad you liked it - need to exercise my writing muscles more

Great thread, I enjoyed reading it, I felt like I was getting to know you! Thank you, I have a very similar opinion to yours about tokens!

Conceptual Photographer, Feminist, Activist.
/statemen founder 
https://linktr.ee/Innamosina

I like the way you think. 
Moxie's perspective is inspiring. All that's left is to plug in your brain and your own strategy of exactly how to present your content so that it's as productive as possible 
30 👏

Great thread Aaron!! I'm still trying to figure out moxie tbh🤣

Thaaanks for your opinions friend ! Super helpful and informative! 66 $degen

Very much appreciated, Aaron. Concise and well thought out. Thank you. ❤️
50 $degen

Love reading your thoughts and also really like the concept of MOXIE and where it can take us. It will be interesting to see it unfold...

100 👏

So great to know about your thoughts. Thanks for sharing Aaron! I truly appreciate you for penning down your idea

Incredible thread @aaronrferguson.eth ♥️✨
Thank you for sharing 

100 👏🏽

4444 $Degen at the wire for sharing your thoughts.

Thanks for this Aaron

I have to say I feel a little fatigued by anything beyond degen, and even then, I feel the guilts if I take a day off or two, and waste my allowance. I need to unclench a little 😅

Will take a looksee at moxie 🤝

69 $degen

I feel like moxie and degen go hand in hand

100 $DEGEN

Great points. Really, really, great. Matter of fact, why didn't I think of this?? 

I'm gonna rephrase this and post it again in 3 days, when the algo makes us forget it. After all, 3 days is like 3 years on Farcaster.