Farcaster

I just learned that a reply from my account is worth ~$30 in Moxie, which is about 4x the federal minimum wage in the U.S.

This explains the prevalence of bots and reply guys lately. 

Overall, I have mixed feelings about this development. On one hand, it feels harmless to airdrop free money to people simply for engaging. On the other hand, it has a distorting effect on social interactions that makes it hard to know what is genuine. 

I also feel kind of gross that something called a “Fan Auction” was launched using my likeness without my consent or approval. I’m not sure what the financial implications of that are, but it certainly wasn’t enough for me to say yes since it involves my reputation. 

I’m not sure what to do. I don’t want to stop using the app and I’m obviously benefiting from the system, but am deeply conscious of the precedent my behavior will set for others.

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Good morning Phil, 
I didn't know that your FanToken had been released without your consent. I participated and publicized your auction because I'm a big fan of your work. 
Regarding your discomfort in interacting on Warpcast, this is a very bad situation, after all, you've always been an active, generous and accessible person. 
I feel that the fact that the Moxie system is highly concentrated in a few people is generating a lot of distortions. Hope they fix this to avoid further inconvenience.

Rome, Metropolitan City of Rome Capital, Italy

Hi @phil 

1st, my apologies

background:

Moxie enables "tipping" to automatically happen through organic behaviors - likes, replies, recasts, frames. Tipping "allowance" is determined by Far Score - indication of influence

While there's been a surge of replyguys moxiebating, it'll settle. Most people, like yourself, wont change any behaviors. 

This stuff happens every day on Instagram, Twitter, TikTok where influencers get tons of replyguy replies in hope that they'll engage, giving the replyguy clout. Influencers ignore it, & it forces the platforms to evolve & do better at filtering good replies from baiters. same will happen here

wrt your Fan Token. 
We launched ~400 Fan Tokens initially curated by our team. 
>90% were explicitly requested. 
The only exceptions were very large "celebrity" accounts (you have 400k followers), so members could back their favorites and participate in your success. 
3 users asked to cancel their FT auction and we did so immediately. 

Since 1 week it is self-service only

Brazilian artist & collector
・Genart projects: fxhash.xyz/u/marcelonada
・Tutorials, starter packs, portfolio, published books etc: linktr.ee/marcelonada

Belo Horizonte, State of Minas Gerais, Brazil

https://warpcast.com/betashop.eth/0xb6e6e9cf