Mike | Abundance 🌟 pfp

Mike | Abundance 🌟

@abundance

350 Following
1492 Followers
Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
April 3 /impact updates - happy airdrop day! πŸͺ‚ πŸͺ‚ πŸͺ‚ 1) Please support Impact (Abundance Protocol) in the @gitcoin GG23 QF round. Your support helps full time development of Impact & work on building an Impact=Profit economy https://explorer.gitcoin.co/#/round/42161/865/25 2) Impact just AIRDROPPED 249,515 $degen to 3085 casters for their impact on Farcaster, as part of the Season 3 Creator Fund https://basescan.org/tx/0xa6518fda3745219b14eab8c5ae58772380d5840e3c447e41795b1cc1ecd0e826 https://basescan.org/tx/0xb61c5e4bb65cb54da4da09a479b702140fd9a0def44194aa4d6e684d492e7905 3) Check your airdrop in the frame πŸ‘‡ https://impact.abundance.id/~/ecosystems/abundance/rewards-v1?fid=9326
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
How you can earn more rewards with Impact: 1️⃣ Stake $impact points on impactful casts 2️⃣ Subscribe to auto-fund creators & builders 3️⃣ Invite quality contributors All these help you boost your Impact Score, which increases your chance to win $degen
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
hot take: Ethereum's PoS is a retro public goods funding mechanism
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
something to think about.. who is to say there won't be an $impact token? πŸ‘€ πŸ€”
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
thought experiment: if $impact was a token you hold, and every time you staked your $impact allowance on impactful casts the system generated more tokens (ie. token inflation) would you stake your $impact differently from how you do it now?
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
This is really cool!! Check out @skillabsc's new channel /podcaster-toon πŸ‘‡
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Thank you all who contributed to Abundance Protocol in the Giveth QF round! Your donations sustain this labor of love, and help offset the $100,000+ it costs to work full-time on this project πŸ’œ Also thank you to @octant & @ensdomains for the generous matching πŸ’ͺ
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
πŸͺ‚πŸͺ‚πŸͺ‚ Season 3 $degen Impact Daily Rewards were just AIRDROPPED to 98 /impact contributors. Check your wallets and don't forget to claim Season 4 rewards https://basescan.org/tx/0x36903af29a131de05b460cf073ce9c84201b75f92a46c4cc89110b21c82d6024
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
I don't know what was done to the home feed algo lately but I like it..
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
@colin, Paragraph mini app on desktop never works for me properly. just forever stuck on the splash screen. is this a wider issue?
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
One more day to support Abundance (Impact) on @giveth Why support Abundance? - It's the first mechanism that aims to regeneratively fund public goods at scale (& solve the negative externalities problem) - We're building /impact - a system designed to reward builders & creators on Farcaster based on their impact on the network - You donation is matched with $80,000 from the QF matching pool, so every contribution counts πŸ™πŸ‘‡ https://giveth.io/project/abundance-protocol
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
"Let people have control over their own priorities" - who is building that??
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
"It's easy to measure engagement so that's what we measure" "But is engagement the most important part about the network?" "Of course not. The value people contribute to the network is the most important thing." "So why don't you measure and incentivize that?" "It's not easy to measure value" "Is it impossible?" "No. It's possible. And the open graph makes it much easier to do than on closed platforms" "So the open graph gives FC a structural advantage in valuing and reward user contributions to the network?" "Yes.." ".. and incentiving impactful contributions would attract both users and money to the platform?" " Yes.." "So why do you measure and reward engagement instead user contribution.. especially if contributions are more important?" "That's what everyone else is doing!"
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Proposing the term "Ecosystem Goods" Why EGs? Just like we have consumer goods for individuals, and commercial goods for businesses, "Ecosystem Goods" reflects the level of societal organization at which the good is valued (and funded) For example, consumers may value smartphones, businesses value machinery, and ecosystems value unbiased journalism. Individuals on their own are unlikely to come together and fund the production of machinery - for that you need a higher level of coordination, which businesses can provide. Similarly, individuals or businesses on their own are unlikely to come together and fund the ecosystem good of unbiased journalism (and there would be questions about their motives) - for that you need a higher level of coordination, which ecosystems can provide.
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Few pointers on how to make the most out of /impact: 1️⃣ stake $impact based on how impactful a cast is to the ecosystem (trying to farm/game this system will only results in downvotes and lost allowance) 2️⃣ auto-fund the ecosystem - your tips can support thousands of creators, rewarding and incentivizing then to make impactful contributions to the ecosystem 3️⃣ invite your friends - always more fun to curate and contribute together, and you get rewarded for inviting quality contributors 4️⃣ don't forget to claim your Impact Daily Rewards - you're rewarded for curating, auto-funding & inviting friends, with a bigger end of season raffle 5️⃣ have fun - this system is still in its infancy and the rewards are quite small. The true reward tho is being at part of an amazing movement that is literally revolutionizing how networks value contributions
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Sad to see /microsub shutting down since it put automated tips on the map in FC. Can't wait to see what you're gonna build next, @downshift.eth! If you still want automated tipping, you can use /impact auto-funding. Here's how: 1️⃣ login & turn on auto-funding in the frame below https://impact.abundance.id/~/ecosystems/abundance/fund-v3?referrer=9326 2️⃣ go to the My Auto-Fund tab in the App (impact.abundance.id) and select yourself as the curator /impact lets you auto-fund creators & builders you pick, or those picked by other curators. You can also auto-fund all curated creators & builders based on their impact on Farcaster. 3️⃣ get the IMPACT Console cast action (https://warpcast.com/~/add-cast-action?name=%24IMPACT+Console&icon=star&actionType=post&postUrl=https%3A%2F%2Fimpact.abundance.id%2Fapi%2Faction%2Fstatus%3Fpoints=IMPACT&description=Console) 4️⃣ stake $impact points on impactful casts from creators you pick /impact airdrops $degen to creators at end of every Season
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Happy Claim Day! 🌟 /impact just distributed 26,724 $degen to eligible Impact contributors (based on your 30-day Impact Score) Claim your reward in the frame πŸ‘‡ (all Season rewards will be airdropped in 4 days) https://impact.abundance.id/~/ecosystems/abundance/daily-v1?start=11
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Improving signal-to-noise should be Farcaster's top priority!
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
The web stack for the next few decades will be based on: 1️⃣ Aligned incentives + 2️⃣ Open social graph + 3️⃣ Open source UI + 4️⃣ Algorithmic transparency We're now at 2/4. Once we're at 4/4 web3 will truly become unstoppable
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Yes please. but maybe call the client Farcaster-1? Can still find it in the store but its clear that the protocol is not just the client
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