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@aaronrferguson.eth

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

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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?

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@aaronrferguson.eth

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

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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.

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@aaronrferguson.eth

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

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@aaronrferguson.eth

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

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@aaronrferguson.eth

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.

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