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Jayme Hoffman
@jayme
Farcasters clearly want to reward and get rewarded for great casts. - Degen tips - Ham - Moxie - Paybot Higher - Farcaster rewards - Rounds channel tokens (looks cool) Why haven’t any of these stuck yet and made big impact on quality content?
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Ghostlinkz
@ghostlinkz.eth
Ask the founders of these projects and they will tell you that they have increased quality content on Farcaster. The problem seems to be that quality is inherently subjective, and defining it in a network setting like FC is difficult. When I look at the Degen and Moxie leaderboards, I see a lot of people gaming the system, while others see friends and active users contributing quality content. The success of these reward systems really depends on how well they fit with Farcaster’s core values. If the platform is meant for thoughtful conversations, then the rewards should encourage that. But if we are being honest, crypto culture is more about airdrops, farming, and pumping memecoins. Even with /rounds, which I’m a fan of, there’s been gaming. Most of the rewards seem to go to popular users instead of rewarding the content that actually deserves it.
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Moxie leaderboard is looking really good these days These are the folks the community of their peers feels are creating valuable content (regardless of whether you agree or not) But agree it could work much much better and there’s more work to be done https://airstack.xyz/leaderboard
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Ghostlinkz
@ghostlinkz.eth
You told @geoffgolberg today that people who put money into Moxie to boost their Farscore are “securing the network” but I swear Moxie is a token, not a blockchain. Geoff is trying to explain how these users are boosting their scores and then funnelling the rewards to themselves + their friends. At the end of the day, the biggest problem with Degen and Moxie is that both projects are highly centralized. You still have control over the rules and how rewards get distributed. Once people start gaming these systems, it’s almost impossible to course-correct. I get that we’re all experimenting here, and maybe perfect tokenomics and distribution don’t exist, but I won’t hold back from speaking up when I see systems that look like they’re being manipulated.
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Speak up! We love it and welcome it. Also, just to clarify, the rewards earnings part of moxie is currently the only offchain part. Everything else is onchain. Fan tokens, split payouts of rewards with fans. We will soon bring the rewards part onchain too and give everyone control of their own, but we feel ‘sufficient decentralized’ is a good way to figure out stuff like farming first before locking it into contracts.
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Adding moxie into LP pools make the system work for everyone Staking moxie into fan tokens reinforces the value of the network and fan tokens for everyone The users currently at the top of the leaderboard are doing a solid job of curating the current daily farcaster creator and builder economy. And it’s getting better every day. Farming pools are way down and we used math and data science too bring them down vs manual curation. The system is getting better and better every day and week We welcome any suggestion you might have as well! What do you recommend?
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