Degen

Rising Tide Podcast

I don't want to say I was right but "I was right" about $DEGEN and tipping. If you think I'm wrong, then tune in to Episode 20 of /risingtide on Monday when I also explain why Farcaster has failed to change the paradigm already and is in a losing battle with Twitter.

Artist, Designer & Technologist → eprhod.es | Makes art eprhod.es/art | Writes daily eprhod.es/blog | Talks crypto http://eprhod.es/pod

Bitcoin, /appreciation channel host, /stolenfromtwitte channel host

FID: 2211

but moreover DEGENs legacy isn’t just about price

it helped onboard 500,000+ users to a new platform 

it also helped to launch dozens (hundred?) apps and new clients 

we all want token to go up, but Degen has contributed more than just financial gain/losses

that’s interesting

I see it differently. Tipping opens up a new economic paradigm that lets us more away from relying on ads… which means companies don’t need to harvest data… which increases privacy   

it lets influencers make money directly and platforms to get a % of that

influencers are no longer shock jocks since eyeballs aren’t the metric… ppl actually paying is the metric. 

DEGEN was the first platform wide tipping infrastructure and culture

so if we can now move behavior to be tipping on chain (existing with tn100x or BTC on nostr) and allow for easy conversion into say USDC we can remove the most toxic parts of trad social media 

this is what DEGEN opened for us. Proof that ppl will micro tip for content and that creators will work for tips.

definitely! i'm obviously trolling about NgU. but i do recognize its long-term effect to the ecosystem, but i always felt that tipping was a tactical marketing technique more than an innovation. 

for context about where my bias is coming from: i was in mktg for a long time and cynical doesn't even begin to explain how i feel about growth hacking/hackers. there's nothing altruistic or empathetic about it. it mostly dehumanizes users/customers/people into 1's and 0's. it's short term impact can have negative long-term effects if it onboards the wrong type of people.