Degen

People are suddenly acting irrational about tipping and @mcdegen, misjudging its benefits due to farmers. Here are some key points to consider:

1. Is the degen tipping system, solely based on Open Rank, really better? If high daily tippers never need to buy $degen and recipients just sell, who is actually buying $degen?

2. What about the L3 chain? Will Degen abandon it after this drama? Mint Club and @mcdegen have played a key role in L3, locking in significant value. Without this, L3 may struggle to sustain itself.

3. Spammers and abusers will always exist. They often outsmart the system, so instead of eliminating them at the cost of good users, the system should make their actions beneficial. The discussion should focus on this rather than attacking @mcdegen users.

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1) what

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there's something wrong with the comms, because it's only now that i realize there's a group of people that are convinced the allowance is theirs to take (and that they're somehow different from farmers)

we should probably adjust degen's mission to "reward quality content creators OR yourself"

(ok, i get that locking implies interest, but then let's give it to everyone pro rata)

here's a "shocking" revelation: if the only way the L3 works is if someone gives you free money to play with it, then there's no point in having it

(but i agree openrank is not the way to go)

wdyt?

RAIN 6900 $DEGEN

fortune cookie casts, memes, parenting, building frames, /framedl, /framedl-pro & /calmer

To me there is no reason, as of today, to have a L3.

The Web3 ecosystem often fall in the trap of thinking that everything can be incentivized economically and it will succeed, but that’s not how humans and social activity.

Imo, the L3 brings almost zero value to $DEGEN, and not only that but brings a unnecessary layer of complexity.

It should be halted unless someone presents a real use case for it.

@vocdoni, prev. Bitcoin Magazine | Purple #203 | Cohost: /diy /anthropology /vote /biohacking /cooperatives

this is a worthy discussion to have and i tend to agree... at the same time, there are projects building on top of it and i would still want to give them time to prove their place

but blowing the usage numbers up artificially like this is just weird