Farcaster

Proof of Concept: I told a few people working in similar fields as me that there’s a new social media platform with a component where you can accrue cryptocurrency through usage (I also told my wife more cautiously so I wouldn’t sound like the “BITCOONEEECT!!!” guy to her). This economic aspect is intriguing to people even if they’re aloof about crypto. But their first question was a predictable one: Does that translate to real money?

I decided to investigate that. Thanks to people’s generosity I had accumulated a bit of DEGEN and decided to test the liquidity. After claiming my tips and sending them to MetaMask, I took half the DEGEN people had given me and put an order to switch to USDC. After two tries, the order filled. I sent the USDC to Coinbase and got a deposit of about $100 to my bank account.

Modern man is “homo-economicus” to a large degree and it definitely feels good to make a little money. After testing it out I’m glad to report back to people that, yes, the platform is real.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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