Moxie Official

Impact

follow-friday

Writer, senior editor, music journalist, GenX eldergoth, Zorbsplainer, Ⓜ️oxie Ⓜ️axi. /blxstonesnctuary https://tinyurl.com/Black-Stone-Wordsmith

it's basic supply and demand, as I see it; the goal of building out an infra that would "hopefully" create a moat down the road so advertisers/brands would prefer to use (and subsidize) the Fan Token model (over any other airdrop mechanism) in an open graph network.

The "supply" is the Moxie we get from engagement. The "demand" is the Fan Tokens we buy (expecting to get more Moxie in return later). But if everyone expects to get more Moxie in return when they buy Fan Tokens, you don't get more demand than supply. The 2.5% burn is a mirage, bc you have to factor it in when you expect to make a return.

The only way to create actual demand then is if the system creates value. But engagement in itself is value-neutral. Lots of moxie farmers out there, does that somehow create value in the ecosystem? Nope, it destroys value. So Moxie would need to tweak the mechanism to capture value beyond just engagement.

That's at least how I see it based on reading the docs. Do you think I'm missing something major here?

Moxiesplaining Journal Day 22: Value Creation + Demand

As a Moxie Maxi, I want Moxie to succeed for the sake of the whole FC ecosystem in the long term. 

So I want to think carefully about sustainability concerns. It's in the network’s best interest for us to examine possible shortcomings and suggest changes if warranted. 

The latest nerd-snipe for me is a thoughtful take from @abundance, founder of /impact, regarding the demand side of Moxie's tokenomics.

To be truly sustainable, Mike says, Moxie “would need to tweak the mechanism to capture value beyond just engagement,” because "engagement in itself is value-neutral."

I find this line of reasoning pretty compelling. 

Value created via curation labor + channel moderation is under-incentivized, for example. But these are hard problems.

I'd love to hear more thoughts.

https://warpcast.com/abundance/0x272835a8

(Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).

Working on /impact ||


Abundance Economy book: book.abundance.id

airstack

Moxiesplaining Journal Day 21: Publishing In-Frame with Paragraph + Moxie

Ever since Moxie launched, there have been higher economic incentives for casting than for writing long-form essays.

Not ideal for long-form writers like me.

For Moxiesplaining Journal, I do both: cast, earn Moxie, and then collect the week’s casts into a Paragraph post.

But this week I learned two exciting things:

1) @paragraph has a new feature that makes entire articles (formatting and all) readable in-feed as “mini-apps.”

2) There’s a Moxie frame wrapper that makes any URL Moxie-eligible by wrapping it with your Airstack API key. (/hypersub subscription required. See /wctools for info). 

So I thought: could writers combine these things to earn Moxie for long-form work + reward readers for reading it in-frame?

I have some big releases coming up soon. 

It may be time to experiment.

(Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).

If you missed day 21 and any earlier casts in this 30-day experiment, you can start catching up here:

Writer, senior editor, music nerd, GenX eldergoth, monastery-bootstrapper. https://paragraph.xyz/@danicaswanson https://tinyurl.com/Black-Stone-Wordsmith

If you missed day 21 and any earlier casts in this 30-day experiment, you can start catching up here:

https://warpcast.com/danicaswanson/0x8d0b7537

/impact - accelerating Farcaster’s Attention > Creation Economy transition impact.abundance.id ||


Abundance Economy book: book.abundance.id

I really enjoyed reading through this thoughtful discussion. I just wanted to add in my thoughts here.

My understanding of Moxie based off of the docs is that in the long-term, it is expected that third parties (not Moxie or Airstack) will become the main source of Moxie rewards. 

These third parties can buy up Moxie and distribute the rewards to incentivize whatever they want to incentivize. And they may choose to distribute rewards based off of things other than just engagement. 

I assume these third parties wouldn't want to pay rewards to those who are just engagement mining, and would want to pay rewards in a way that is driving real attention to their product / service / brand, etc.

Curious to hear your thoughts!

thanks for sharing this discussion! I dropped some of my thoughts in there as well:

solidity dev • prev mechanical engr • EVMav#1256 • we all die - the goal isn't to live forever, the goal is to create something that will

Great thoughts. Thanks for contributing (and for quote-casting it here too). It's the sort of discussion that I'd like to see pinned to a channel in such a way that it could be revived and expanded whenever new or clarifying info surfaces. 

I might summarize it for a future day of the Moxiesplaining Journal, or at least make sure the thread is directly linked from my Paragraph newsletter issue on Sep. 30 that will contain all the Moxiesplaining entries.

thanks for sharing this discussion! I dropped some of my thoughts in there as well:

https://warpcast.com/taylorwebb.eth/0x6002fc7f