Eric P. Rhodes pfp
Eric P. Rhodes
@epr
the whole tipping meta thing... is that what enables organic engagement and visibility on the Farcaster protocol? or is it just Warpcast? i confess, i don't understand how any of it works. i don't unerstand how it relates to "far score" and "openrank" and "boosting" and other farcaster social scores. and I don't know what the DEGEN and MOXIE and ENJOY ecosystems have to do with any of it. who can explain it all to me simply like i'm a 9th-grader?
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Callum Wanderloots ✨ pfp
Callum Wanderloots ✨
@wanderloots.eth
It’s an economic layer of farcaster, that works outside of Warpcast. Degen = active tipping, the allocation amount is determined by a combination of locked degen (similar to staking) and open rank score Moxie = automatic gifting through engagement (like, comment, save, share), determined by a mix of open rank score, fan tokens purchased (value locked), and fan tokens locked (long term) As an artist & writer, I think they’re both great boosts to the ecosystem. Most people just get caught up in the spam nature of tipping culture. Personally, I use my degen intentionally every 2-3 days to give a big tip to someone who adds value to my time on farcaster
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Eric P. Rhodes pfp
Eric P. Rhodes
@epr
thank you for outlining the ecosystems. in general, i have my doubts about the value and promise of memecoin tipping. i don't see a future where these economies are sustainable. but i'm watching and learning. what i'm also interested in understanding more about is the purpose and role of the social ranking in these economic layers. and separately whether Warpcast uses them in any way to inform their algorithms on the platform.
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Chris Carella pfp
Chris Carella
@ccarella.eth
Protocols and their tokens have long term value. Memecoins are dubious without some external valuable thing. I’m bullish on Moxie turning tipping into a protocol and bullish on Higher being an indie group of artists, athletes and creators doing cool shit without care of the token price. I’m not counting on either to make me rich but those are the two I’m studying.
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Eric P. Rhodes pfp
Eric P. Rhodes
@epr
protocols + tokes > memecoins for sure. i think that's exactly what i'm looking to decipher at this point. i don't know much about Higher. will check it out. but Moxie has turned me off with their reliance on a social score.
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Chris Carella pfp
Chris Carella
@ccarella.eth
Moxie fits into my philosophy that those who generate value on social networks deserve to be rewarded for that value. This breaks day 1 social network value extraction.
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Callum Wanderloots ✨ pfp
Callum Wanderloots ✨
@wanderloots.eth
How else would you determine network value contribution? Existing networks all have this score, it’s just hidden in the backend. Social capital has its role in all social media networks
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