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Mike | Abundance 🌟 pfp
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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Caygeon.degen.eth 🎩🏰🍖 pfp
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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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
You always had some rules for how allowance is distributed. That was the case from day one. Earlier it was based on your engagement, now it's based on how much degen you have locked. The question is do these rules benefit the community? Do they benefit the people who believe in the community or do they benefit farmers at the expense of the community? I don't believe people should be banned (except maybe in very extreme cases), but if allowance distribution has to be based on *something* it might as well be based on what benefits the growth of the ecosystem (and of the token) instead of harming it.
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Caygeon.degen.eth 🎩🏰🍖 pfp
Caygeon.degen.eth 🎩🏰🍖
@caygeon
Yes, if there is an allowance, it has to be based on something. But 'Benefits the community' is subjective. A memes-only shitposter, some may argue, benefits the community. Others, who aren't into art may not see artists posting their work as beneficial to the broader community. My point with all this, is the more rules, guardrails, and administration that you heap on top of the distribution mechanism, the more you increase the indifference of the majority of the people in the degen community. The whole thing has a vibe of "The beatings will continue until morale improves." When the unlocks come, I'll likely unlock and not sell, just to remove myself from the tipping pool, because it's become so exhausting that I simply don't want to be a part of it any longer. And I suspect that come early to mid april, when a bunch of the unlocks come due, you'll find the same sentiment from a number of people who will quietly quit tipping.
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