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wake
@wake.eth
useful stats from dune: š© /degen is only 162 days old š© /degen is one of 7 stadium tier channels š© of those 7, /degen is the biggest š© degen x base x farcaster isn't just a meme, it's the rank š© $degen is said a lot by active accounts š© /degen is growing fast https://dune.com/ilemi/farcaster-explorer
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General Ism š©
@generalism.eth
I think the hopium is to compare the potential in dollar terms to DOGE. It's a third of the size in terms of total tokens and currently has far more utility - generally speaking, it's basically what DOGE could have been to X had it been integrated. If $degen continues to be successful, it may be the case study for that
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wake
@wake.eth
and x's recent changes makes it very, very unlikely that they /could/ realize this vision w/o butchering it completely. in our case, we have the rare opportunity to build actual financial synergy w/ farcaster, [not] a cumbersome, ad hoc monetization model that trades freedom for ad revenue.
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Dreaming Tulpa š©š„š
@dreamingtulpa
This is very very interesting. What are these changes you think that makes it unlikely for them to bring in a mechanism like degen?
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wake
@wake.eth
They can't control it or fairly tax it for shareholder profit without killing it. They also can't implement technologically, too centralized and gate-kept. And an official token launch would get them kicked off the app store. A thousand other reasons.
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