Venkatesh Rao ☀️ pfp
Venkatesh Rao ☀️
@vgr
Warpcast gang is literally trying to do a kind of quantitative easing of the internal economy 😂 I keep getting between $5 - $25, but have hardly distributed any. Random tipping seems both silly to me and more thinking than I want to do. Crowdfunding is marginally more interesting. But basically a mini-cantillon effect is likely kicking in because I suspect people getting the payouts are holding on to more than they’re disbursing. It’s a good experiment on the supply side, but the demand side sucks. I’d be happy to pass through everything I get if there were more interesting mechanisms to receive it that required less thinking to use. Possibly no thinking. I like the automation ideas I’m seeing. I’d like a little wallet genie I can configure to just send out the rewards stuff as quickly as I receive it. Maybe retaining a 2% management fee and receiving 20% upside return claim tokens in some cases. Except automation probably means an arms race of farming bots.
4 replies
1 recast
25 reactions

Dan Romero pfp
Dan Romero
@dwr.eth
Farming bots haven't been effective in the algo. They are trying, but proof of work / PageRank-style works.
0 reply
1 recast
12 reactions