Jason Goldberg Ⓜ️ 💜 on Warpcast

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Alemac pfp

Farcaster new fid register is now <500 per day. What are we doing wrong?

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

ppl came because there was money now there’s no money so they left they need a reason to come and cast Here are reasons heavy users go on social media IMO: 1) to get rich (dream) 2) to get famous (dream) 3) to waste time doom scrolling (habit)

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About the money. ‘now there’s no money’? people are earning with moxie. What money there is on x?

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

moxie is dying everyday (for now) ppl sell their airdrops till the price hits zero for crypto we need huge run ups or it goes to zero comparing to another platform doesn’t work. It’s not an us or them it’s a why not us on Twitter ppl have dreams of becoming famous and then getting money by being an influencer (the pay from x is a great thing for them. It will take time to materialize in motivating content creation)

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This isn’t actually what’s happening to moxie fwiw. Look at the list of top claimers. None of them are selling. Moxie doesn’t have an issue with sell side pressure. It has an issue buy side. Sells are minuscule. Less than a couple grand a day.

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

i guess, on the one hand it is good to know that there isn't as much selling as I suspected, on the other hand it just reveals the actual problem ...no buying) so if there are less than a few thousand people buying then it'll slide to zero or look at it another way: if it's true that there is no sell side pressure... and the price is going down... what value does moxie have in the market? it has zero value the only current usage for it is buying Moxie Fan Tokens... but if ppl are only using the free airdrops, it's only a matter of time until those ppl sell also remember: in crypto, all people eventually sell into the better currency (USD stable, ETH, or BTC)

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

Moxie has been around for 46 days and is exceeding all early expectations for protocol usage. 400m MOXIE locked in the protocol for fan tokens. 50% growth in last 2 weeks. 1.8B worth of moxie fan token transactions. That’s B for Billion. Circulating supply is down by 300m since launch. >6m fan tokens held Introducing long term locking/staking in a few days. Hundreds of frames and dozens of apps have integrated moxie in meaningful ways 4 partners have already purchased moxie in the open market to power marketing programs for user acquisition and engagement — with many more lined up. Wildcard bought moxie live in our community calls this past week for their campaigns. Matcha, Rainbow, Charmverse all buying moxie. On the consumer side people will buy moxie to get access to special features and benefits. It’s coming We’re building something special and the market will take notice very soon.

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Trebor🎩🟡 pfp

But why is the price still going down despite all of this? Dont get me wrong, im bullish and i love all this. Im just asking out of ignorance

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FlexasaurusRex◨-◨Ⓜ️🎩

@flexasaurusrex

It will just get better from here.

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Fibo / Scryptoguy pfp

Fibo / Scryptoguy

@fibo112358.eth

Ⓜ️ will be everywhere

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Sina pfp

We mooooving now baby. Come onnn

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Ryan pfp

This is what the people like to hear

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DegenDog🎩🔵🍄🎭Ⓜ️ pfp

DegenDog🎩🔵🍄🎭Ⓜ️

We have full faith on u just like we do in @jacek . We do wait for the upcoming launch 🫡

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Juliito.eth 🎩🍖Ⓜ️ pfp

Juliito.eth 🎩🍖Ⓜ️

can this be FC's salvation?

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WetSocks💦🧦

great 46 days Jason! Team has done exceptional work 👏

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Commstark 🎩🫂 pfp

Commstark 🎩🫂

those are really great stats and I expect long term the project to do well and I respect everything the team has done so far, truly I do but, we must admit, those stats are on the back of free moxie given to people, like me I have over 2M moxie locked up… but that’s drastically different than me spending $10k on something we still don’t have a reason for an outsider (non FC airdrop recipient) to buy moxie and use it this is always the problem in crypto. Why should I buy? Bitcoin has many reasons to buy… eth has them as well… every other coin is typically a copy of eth but with a promise to be cheaper and faster, cool What can an outsider expect to gain by owning moxie and not another coin It’s great to see orgs buy the token and hope they continue. I guess my larger point, to bring it back to my second post in this thread, people won’t come to Farcaster to earn moxie until the price goes up, or there is something they can directly buy with Moxie, something they want 🧵 1/2

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