Dan Romero
@dwr.eth
Not financial advice It's worth pointing out that trending onchain notifications do surface things early—in some cases. This morning we sent a notification around 8:15am PT about a new coin $GHIBLIFY created by @nounishprof. We had a bunch of people complain that this notification was bad and/or meant the coin had peaked. However, hours later, a prominent celebrity on Twitter bought the asset via Bankr. And the price increased. What does this mean? - First: not every notification will keep increasing in price afterwards. Many will gown down in price! - It does mean that our algo is surfacing onchain activity that many other people on Farcaster are doing. - Additionally, we now surface additional information about coins like the creator, the date created and the cast that created it (when available) - We're going to continue iterating on these notifications—thresholds to send, what information to provide—because many people find them useful. - If they bother you, you're free to turn them off
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Dan Romero
@dwr.eth
Are you saying buy this coin? No. I have no opinion on whether you should or should not buy this coin. Are memecoins good or bad? Neither. They just are. Shouldn't you be protecting people? People are adults and if they're on Farcaster today, they're cryptonative. They are sophisticated (relative to an average non-crypto person) and are capable of making their own decisions. Why don't you make the feature opt-in? Opt-in features don't get much usage. Very few features shipped should be opt-in / a setting. (Deleted original cast because I got the timestamp wrong—it was even earlier.)
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OMGiDRAWEDit 🦎
@omgidrawedit
Do the notifs go to targeted users? I didn’t get one for $ghiblify but have for others.
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Tokenized Human
@tokenizedhuman
Won't opt in features get use if they are popular and useful?
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Ridham🎩Ⓜ️
@ridham
This clarification wasn't even needed, you'll always find these type of people blaming others for their loss.
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Bhase Bank
@bhasebank.eth
The only thing important is transparency about how the algorithm works and if there are insiders who get advance notice
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Peyman 🍖 🎩
@peyman8655
I didn't like memecoins
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