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https://warpcast.com/~/channel/airstack
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Edward H. Carpenter
@ehcarpenter
A lot of my fans seem to be MOXIE-maxis - so I'm very curious to get their perspective on this essay, which suggests that staking tokens for reasons other than PoS network operational requirements may be a cause for concern. What do you think, @inceptionally @leewardbound @katwolfie.eth @betashop.eth @ipeciura.eth @degencummunist.eth @6bazinga @kristinpiljay @thecurioushermit I look forward to hearing your thoughts/questions/answers!
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ππππ
@degencummunist.eth
πtaking a look Iβd clarify that Iβm an algo coin maxi and Moxie is just the first iteration of one but I look forward to more of themπ
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Kat π₯
@katwolfie.eth
I haven't had time to read this yet. I'm far from a Moxie maxie. First, I couldn't sign into Charmverse to apply for the grants. Now, I can't even lock my own token. The devs don't even reply to me when I try to ask for help. All of this is leaving a very bad taste in my mouth. I've been swapping my daily Moxie claim to buy and lock my hamcaster token for the past month. It's so much easier to use and the lp tokenomics are better. https://warpcast.com/katwolfie.eth/0x80813f76
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Kristin Piljayπ¨π¦
@kristinpiljay
Well, moxie is still quite new and it sounds like there is more to come in the future. But in any case, I was conservative in my locking. I mostly just locked the FTs that were still locked up in my air drop contract. So some of it would be available sooner, but some of it won't unlock until Jan. 25. I also locked my own FTs and a few others. But I only locked about 35% of my total. I noticed the whales locked 90-99% and are competing with each other for the max boost. π I'm very much more hesitant and only have a smaller amount anyway and so the boost available to me isn't that much.
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Gwynne Michele
@thecurioushermit
I get why you have reservations about locking, but I honestly don't see it as really any different from traditional banking mechanisms that are meant to get people leaving cash in banks for long periods of time so the banks can maintain liquidity - CDs being just one example of those "locking" mechanisms.
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Leeward Bound
@leewardbound
π― great read! tokenomics are complex and we are a decade+ deep into many various experiments in tokens and distribution mechanisms, with many more experiments to come. i agree with the author here that staking moxie seems basically like a price-prop mechanism with no explicit utility or purpose. moreover moxie fundamentals seem broken to me, bc it seems to have relatively uncapped issuance, and the only "sinks" or "demand" for it are basically artificial. im enjoying participating in moxie bc it's novel and i like to have a lil skin in the game as i follow an experiment like this, but my gut impression is that i am not hopeful for the long-term valueprop of the coin. it seems doomed to trend downwards because other than buying fan tokens (which is for getting more moxie), there's no real reason to own or hold moxie or buy more. as cryptoenthusiasts, it's important to call this stuff out. all memecoins and tipcoins have basically no value-add beyond hype, speculation, and hoping for gains off the fad.
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