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Minh Do
@minh
I think it’s possible that $DEGEN (& Alfafrens) has a long term negative impact on Farcaster. It financialized it too early. When the vibes were about builders, a bunch of crypto traders crowded the feed because DEGEN was hot. But authentic casting doesn’t come from the financialization of social.
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Beninem
@beninem
Early on DEGEN was cheap and the tip levels were huge but it had a fun quasi-Monopoly money feel, similar to how 10k BTC was used to buy pizza when BTC was cheap as hell. The problem came when DEGEN tip levels were still huge but DEGEN shot up in price, bc it was de facto FC token, and the farmers then joined.
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Barry 🎭 📄⚡
@ezk
Bruh, how did you throw in this ancient story and give me Dejavu 🎭
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