Degen

I was honestly a big fan of FriendTech, and I’m sad to see it die out

But one of the biggest reasons for its downfall was its extractive nature

This is mainly why I think Farcaster/Degen will be a good play

researcher // based rollup maxi // intern @taikoxyz

What do you mean by “extractive nature”?…never used it so just trying to understand what you mean.

When you buy a share of someone a really large percentage of fees go to the team

Also, there is a steap bonding curve on shares which can cause prices to rise quickly but also to dump quickly