Degen

Surprising that no one has talked about this yet - but on Farcaster today:

- 1105 ppl could give out 1M $DEGEN each via the tipping mechanism
- at .0025 per $DEGEN this is $2500 per person
- 1105 * 2500 = $2,762,500 (!!) -- almost 3 mil was potentially given out today to Farcaster users

On avg there are 96K posts/day -> each post earns you $30! (more if you consider the normal allowance other folks have)

For example, I have a regular, daily allowance of 29,721 $DEGEN per day. That's $74/day that ppl just get by reply-guying to my posts

- no pts program - the amount of tokens accrued is clear and directly correlates with how much activity you spend on this app
- what makes this crazier is that 99.9% of us post on Twitter for free today...

It's early - there's only 154K unique users on Farcaster as of today

Can you imagine what happens when this app 3x's? 10x's? 100x's from here?

And this allocation goes up the more engagement (aka the more reply guys) my posts get

What an interesting mechanism huh?

- creates a re-enforcing habit-reward loop: more posting -> more engagement -> more $ (and more $ to give out) -> more posting..