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Thomas
@aviationdoctor.eth
Once the current utility from free tipping disappears with the final airdrop, is there a genuine long term bull case for $DEGEN? What will prevent it from decaying into irrelevance like the thousands of meme coins before it? Looking for serious replies, not $DEGEN to $1 memes.
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Thomas
@aviationdoctor.eth
And before someone says “network effect” or “Lindy”, Farcaster has been around for nearly three years and $DEGEN for just over three months. $DEGEN isn’t Farcaster’s native and official token, and its current moat (free tipping) can be easily replicated by the next meme coin.
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Juli 🎩↑
@juli
true that current positioning isn’t set in stone & may be disrupted. With some tweaks by Farcaster clients; Eth, Usdc + User-fav token may be used for tipping. That said, other memes offer tipping too, widespread social acceptance is not easy to replicate & Farcaster clients, apps, users benefit from $degen more.
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