Degen

Teach

The market is responding favourably to the recent Degen changes.

With the daily tipping dropping from 4M to 1M this should serve to reduce sell pressure and drive prices higher in the short term.

Looking at the daily chart I think a return to test the 200 day exponential average (white line) from below looks likely. 

the hat stays on 🎩

I do like the fact the that Daily Emissions will be cut by 80%. 

I think this is definitely gonna take us where we want to get to.

🎩 first, but I like being part of this experiment that is the Farcaster network. 

I think I’d have preferred no tips,y allowance is like 300/day. But it’s a hard thing to balance. If you have tipping, it needs to be substantial or people won’t both. But tipping is monthly sell pressure.

Lore man, creator of Banners. Author of the (wip) The Painter, Loot Maxi. Working on Base Banners, coming soon to /base. Co-founder of Call the Banners. 

I think we will need to shift gears from tipping

Jacek made an interesting point about Raindrops yesterday, I need to dig it up off the space

- basically, 10X the price

- Allowances are then worth double what they were worth last Season in dollar terms

- some kind of new innovation

💥 $1 a coin 🤣🤣😎

Maybe I'm missing something but this looks like an abstracted, easier way to farm.

Right, but lets say you're in a t4t ring. You put 5000 degen up, then by way of like, get to decide who it's dropped to. You tell your t4t group to tip it. 10 friends tip 500 each, you dish out 5000, and then the next person does it. 

Unless the t4t rules apply to this thing, and the reciprocity would be flagged on Round 2, 3, 4 etc. In which case, you should probably not do any raindrops with your friends of frequent interactions, and just farm random other people raindrops. 

(I know i'm being pigheaded on this, but farmers are like water, they will just flow around. And I have yet to see an airdrop successfully eliminate all farmers and satisfy all users)

ya they aren’t well branded yet.

You pay 5000 Degen and it is like advertising. Jacek’s account auto recasts, and each one you like gets the degen.

It is not farmable per se because the users pay, it is not from the treasury