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rafa pfp
rafa
@rafa
I love that degen might just become what doge could have with wise leadership.
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Joan Westenberg
@daojoan.eth
What were the doge missteps?
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rafa
@rafa
1. Bad distribution, capture by speculators more so than builders. Farcaster seeding for degen heavily biased towards builders who work in public and do alpha testing. 2. Degen diffusion / tipping, anchored the culture on goodwill. 3. Timing matters: Degen launched when crypto consumer social and infra was ready
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Joan Westenberg
@daojoan.eth
This should be a blog post. Super interesting. Would love to read!
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rafa
@rafa
@k41r0n I think the token algorithms blog post should probably have a 5-way case study: 1. Doge 2. WIF 3. Degen 4. POINTS 5. BAYC I might be missing one but I suspect Chat cracked the playbook (see above key differentiators)
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