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JC
@jonathancolton
I am re-reading Eugen Wei's "Status as a Service (StaaS)". One of the most insightful pieces on social networks I've ever read. This paragraph currently stands out as I read through this great blog post. "What ties many of these explanations together is social capital theory, and how we analyze social networks should include a study of a social network's accumulation of social capital assets and the nature and structure of its status games. In other words, how do such companies capitalize, either consciously or not, on the fact that people are status-seeking monkeys, always trying to seek more of it in the most efficient way possible?" What makes @farcaster interesting are the multitude of social capital assets and status games to accumulate those assets. https://www.eugenewei.com/blog/2019/2/19/status-as-a-service
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BrixBountyFarm 🎩
@brixbounty
2025 $Degen for bringing this back into the sphere of attention.
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big tone
@bigtone.eth
this is the wei
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Mocha🎩🔵🎨
@missmocha
Such a fascinating perspective! Social networks are basically optimized status marketplaces. Farcaster’s approach to diverse social capital assets makes it even more intriguing.
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Apurv
@apurvkaushal
this is fascinating. on FC-> i think there's another capital in play : real money / economic capital. So these incentives can lead to folks being status monkeys but for the airdrops they get ; interesting design space to watch out for..
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