polynya
@polynya
Farcaster got the tech right, but the Farcaster community is making very similar mistakes to Steem All I'll say is: Definancialize
31 replies
19 recasts
167 reactions
multicore
@multicore
"distribution of wealth" already happened as it seems 😆 nah, don't fret, it's all fun and games, a mirror of the IRL, everything is going as it should, we all know the final destination 👍
1 reply
0 recast
1 reaction
jp 🎩
@jpfraneto.eth
i don't know it. but want to. can you ellaborate plz?
0 reply
0 recast
0 reaction
multicore
@multicore
Farcaster algorithm is incentivizing engagement for tips allocation, the more tips one has, the more new accounts for distribution it can attract, new users are drawn with prospect of gathering tips, engagement rises, even more tips are allocated. Meaningful content pays less. Rich getting richer, nothing new.
2 replies
0 recast
1 reaction
jp 🎩
@jpfraneto.eth
yes, but there is also an element of wealth distribution that has been happening. there are people that sold onchain gaias for 20 bucks that with that were able to feed their family on indonesia, and i've connected with wonderful artists that are able to make a living with tips. it's not perfect, but huge wins imo
0 reply
0 recast
0 reaction
multicore
@multicore
@mrroflwaffles explained it much better than me, I recommend reading it ❤️🔥
1 reply
0 recast
0 reaction
multicore
@multicore
I'm not judging, just observing. It's a loophole, people on the other end of the stick (me included 😆) found that the easiest way to make funds is "gambling", taking a chance, replying, I got 2222 degen this evening just for saying I was awake 🤔 I like it here, it's just weird, same as the real world.
1 reply
0 recast
0 reaction
