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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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Ghostlinkz
@ghostlinkz.eth
Im just going to leave this right here. People can decide on their own if how these tokens are being distributed is in a decentralized manner. Just to be clear: I don’t think they are and I think that you and the team make a lot of the rules and decisions. I don’t want to argue, but let’s not forget how you offered to turn off daily rewards for me and then went and deleted you casts after I showed you how absurd that was. https://build.moxie.xyz/the-moxie-protocol/moxie-token
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