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Mike | Abundance 🌟
@abundance
Degen's success will not be determined by the amount of allowance we get but by how this allowance is used. Let's say the allowance is equally split between two groups: one group that is dedicated to the ecosystem's long-term success (and tips to quality contributors), and another group that only cares to quickly extract value from the ecosystem. If such a dynamic persists $degen will simply go to 0, because those fighting for Degen's success will be demoralized and will eventually dump the token. But what if we change this dynamic? What if we had tools to rate whether a tip contributes to ecosystem growth or harms it, which then affects how much allowance the user gets in the future? This way we create incentives for users to contribute to ecosystem growth, and disincentivize farming. Users then also have an incentive to build even better tools to improve tipping quality bc they're likely to get more tips in the process, thus creating a positive feedback loop for $degen's growth
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bradq
@bradq
well said. this is the way. thx for the thoughtful post. 👊
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Caygeon.degen.eth 🎩🏰🍖
@caygeon
If you create more layers of administration of tipping, you’re losing more of the original ethos. I love degen, been here since day one. Own the degen DAO and haberdasher tokens. Donated 500,000 to the original DAO fund and even I am sick of of tipping, it’s already a chore because I have to arbitrate what those control deem suitable content for tipping. If I now have to do that process and judge tip quality, I’ll tap out.
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Erik
@eriks
agree this is existential i am worried about what i am hearing from countless artists rn, they were fully bought in and many got disqualified, i wasn’t one of them but i do continue to think this decision needs to be reversed bc they provide incredibly valuable content for the community - to ur point in ur cast
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Sarahc 🎩Ⓜ️
@sarahc
Yes! Good to hear some positive options !
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