Dan Finlay 🦊
@danfinlay
Last night I created an experiment on Farcaster that went farther than intended. What started as platform research revealed deeper truths about incentives, boundaries, consent, and human impact in web3. Some important lessons and thoughts on building better systems: https://blog.danfinlay.com/meme-tokens-and-consent/
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LucentMonk 🍖***🎩
@chado
Wow. What a thoughtful deep dive into the meme coin world. Thanks for putting this together. I'm a bit scared, but curious, to ask what you think of social tipping coins such as those on Hamcaster? I find it to be a fun way to interact and build community, although I have a lot to learn on how to best use them to that end. And I DO want to build community. 100 $MONK if you are interested! Not enough to be worth selling, but check it out if you want!
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Dan Finlay 🦊
@danfinlay
I have not played with it, and now that I've touched such a hot live wire so recently, I'd love if you'd describe it to me in detail before dipping in directly myself. Link summaries of course are fine.
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LucentMonk 🍖***🎩
@chado
Haha, that makes sense. What originally brought me to $TN100x was the idea of a tipping token. I thought it was a brilliant way of performing a slow protracted airdrop in a way that built up a community by positively reinforcing actions that were beneficial to the community. $Degen and $TN100x came out at around the same time and I was drawn to the vibe of $TN100x as it's more community driven and a bit silly and fun which is up my alley. @deployer, the dev, has been building non stop since then breaking some pretty cool ground on multiple levels. One project is Hamcaster, which allows farcaster users to create child tokens from $TN100x which are linked to their social media profiles. Ultimately giving farcaster users a personal token that can be tipped throughout Farcaster and Twitter. People are experimenting with different ways to leverage and use these to develop their own networks in their own ways. So far I am still in the idea phase of this part of the journey.
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Dan Finlay 🦊
@danfinlay
You know, I had a slightly similar idea when I was flying back from the first ENS summit. People had been talking about bonding curves to order reddit posts, and one aspect of reddit I always loved was the nested comment system, so I fantasized what it might be like if tokens could be used to stake/bid on the sub-tokens. It still sounds novel in the current ecosystem, and immediately gives you *something* to do with the meme coins once you have them (refine the meme!). For tipping I don't have as intuitive a sense of how that might unfold. Why would I use one memecoin to mint my own tipping token? What unique qualities am I deriving from that action? Random shout out to @nor's Index wallets as a unique approach to personal tokens I've seen recently. I think I finally started grokking it since our last meeting. https://preprint.indexwallets.org/
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Deployer
@deployer
Well Hamcaster is a novel social defi app on Ham chain. $TN100x is the primary token of Ham. Hamcaster acts as a flywheel for the ecosystem. The Degen team really kicked off the tipping meta which inspired Ham to take it further and implement onchain tipping and a registry for tipping symbols (think ENS for tipping symbols) called the Onchain Tipping Registry. There's some work being done now to expand this system into THE decentralized tipping protocol that projects like Degen and Ham can use as well as any other project or community that might benefit by distributing a portion of their token via tipping. I think tipping becomes a social primitive. And we are building systems to support this. Regarding Hamcaster, I just like tipping my own token. Its like an extension of the like button, but additionally there's a silly social defi system that you can use to stake my token and earn Ham, convertible 1:1 w/ TN100x 1000 $DEP
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