Farcaster

Farcaster new fid register is now <500 per day.

What are we doing wrong?

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)

Bitcoin, /appreciation channel host, /stolenfromtwitte channel host

FID: 2211

About the money.

‘now there’s no money’?
people are earning with moxie.

What money there is on x?

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)

Founder of /success & /insider-trading. Search Marketing Director at Kraken Kratom.

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)

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.