dawufi on Warpcast

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dawufi pfp

Farcaster as an economy is reductive and a race to the bottom for coins and content. No one wants a feed of anons casting fake wins and loss porn. FC took off because it was counter positioned to traditional crypto narratives. The quality of developer and founder here was strong, memes were niche, and people found signal in a shit filled sea of noise. I love when people make money, but the economy is a feature. Not a narrative. If economy is your entire narrative the network will eventually be replaced by nothing but speculation and you don't need a social network to do that - and it's actually detrimental. Unless you consider dark pools cozy corners. I hope we're not headed to the death knell, I'm not going anywhere, just want share a word of warning against a danger to a network that has come to mean quite a bit to me. I realized I offer no solutions here, maybe I'll offer them in another cast. Just had to vent this one out for now. Appreciation for your grace.

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Tony D’Addeo pfp

w/o attempting to challenge your sentiment which is a valid concern i’ve voiced as well i’ll say economy is a lot broader than money if you’re willing to entertain a generous meaning of the word it’s actually p good imo and exciting

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dawufi pfp

i appreciate the thoughtful response but there's what something is, and what people think it is and im 99%+ certain that if you tell someone who isn't here already that farcaster is an economy they're going to think its a place to make money so i'll stand by my reading, especially because crypto is a particularly bad offender of an industry in making intellectual claims while the narratives of the world spin around them

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Tony D’Addeo pfp

fair nuff but let me try out another angle economy is good, its important, always the top political issue crypto to date has been money with no economy, just financial games what brings into being some of the promises of crypto is building an actual complex economy on top of it and this is good

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dawufi pfp

think we'll have to agree to disagree here if you're stuck on economy is more than making money and im saying economy as a story will ruin the network, because we're just talking about different things no disagreements with the advantages to an actual economy, only that as a narrative it will attract low quailty behavior i can try to reframe one more time though to see if we can make progress a city-state has an economy, it's a good feature, but it also has roads, inhabitants, political bias, and a vibe if you tell people to move somewhere for the economy, they're going to move there to make money if you say it has great walkability, or friendly communities, or is strongly capitalist, or is the best place to build a startup, other types of folks will flock to it all of these things require a great economy, but depending on the messaging you're going to attract a different crowd and i dont want the economy crowd, i'd much prefer all the other types of people who would move instead

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Tony D’Addeo pfp

tbc not stuck, I understand your point that it's not about the nature of economy but how people will receive that narrative what I'm suggesting is the possibility it's not such a bad narrative (at least as bad my first impression which was oh boy we're leaning into casino). NYC is the greatest city in America. it started as a financial hub. it grew because of the economic opportunities it presented. and later this manifested a multiethenic, cultural hub with a lovely central park. most Americans (managerial class that went to Ivy Leagues and are above it excluded) care about the economy and it's the primary reason they choose to live in one place or another, or vote for one candidate or another. people in developing cultures also love economy because it's about opportunity for a better life for them. if you take a human perspective you'll even fine the "X to Earn" farmer types are mostly just people trying to make it and have some fun along the way

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