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dawufi
@dawufi
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
@deodad
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
@dawufi
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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pain got hands
@na
usage of money-associated terms is not good for amplifying economic richness (outside of casinos) unfortunately
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iSpeakNerd 🧙♂️
@ispeaknerd.eth
That's nice but then why do we only measure it in {currency}?
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