Colton Dillion 🎩
@cadillion
This is another kind of crazy one, and it actually makes tipping more PVP, but I'm nerdsniping myself about it because I think it actually might be like asking the community to solve non-computable NP problems (something something detecting cyclical graphs): What if you could detect tipping rings and divert the tips to someone else by identifying the members of the ring? We could call it RECYCLE because you're breaking the cycle 😎 We could then create a leaderboard of people whose tips have been recycled. Eg RECYCLE 200 DEGEN @jacek > @wake.eth > @cadillion => @0xen would steal 200 DEGEN from the jacek-wake-cadillion ring and gift it to 0xen
11 replies
1 recast
25 reactions
Mark 🎩
@web3withmark
I’m currently tipping the majority of my tips to @farthercast - a product I built. But I’m using them to give out to users, burn some and lock some. This is a cool idea - I just wanna check if I’m breaking the rules?
1 reply
0 recast
1 reaction
Colton Dillion 🎩
@cadillion
Ideally the users of @farthercast would be sending you the tips, but if you're building something awesome that makes the ecosystem better, then I don't really have a problem with a founder tipping their product or corporation. They're separate entities, right? The problem comes when someone just creates a random account to tip themselves back and forth, and it's not always easy to distinguish these two cases just by looking at tipping behavior and OpenRank over time
1 reply
0 recast
1 reaction
Mark 🎩
@web3withmark
Yes separate accounts/wallets. I wanted the product separate for transparency. Users tip fathercast to get credits on the app. From those tips 50% go into a pool to distribute, 30% get burned - sent to dead wallet, and 20% locked (when reached 10k). From my personal account, whatever I have left before the reset I am just sending to farthercast to be added to the pool/burn structure. I only implemented this today so still working out the structure/formats etc.. Happy for input/suggestions
1 reply
0 recast
1 reaction
Colton Dillion 🎩
@cadillion
Any reason in particular you're burning part of the supply? I think this is a really cool idea if groups can form curation groups to allocate the pool as a syndicate, but if it's just redistributing tips to the members of the pool it's not in the spirit of the game, imo. We've heard from a lot of people that they don't feel it's worth it if their allowance is too small, and allowing them to pool their tips may change their minds. Just my 2 DEGEN !
1 reply
0 recast
1 reaction
Mark 🎩
@web3withmark
1) burn is because I want degen to be deflationary 2) that’s a cool idea - I’m about to head to bed but bookmarked. Might if I DM you about it at a later time?
1 reply
0 recast
1 reaction
Colton Dillion 🎩
@cadillion
Definitely, always open to DMs. I think that burn mechanics are often premature when the supply hasn't been fully distributed. The market has little insight into which wallets are burned wallets and the available supply that determines pricing exists either in LPs or in future airdrops and emissions. So the only way to affect the price between now and full distribution is to collect funds intended for an LP and burn those units. It's your DEGEN to do what you like, but I hope you'll consider finding other ways to use the DEGEN
0 reply
0 recast
0 reaction
