Content
@
0 reply
18 recasts
21 reactions
Juli 🎩↑
@juli
Realizing just now that most OG farcaster users really think $degen mainly benefitted from farcaster & it could have been any other token that went to a billion $ mcap. The origin story is ofc farcaster & the degen channel helped to bring some people together that wanted a fun memecoin and turn that fun memecoin into something more for farcaster and base. (Proxy, Payment token, etc) Jacek, wake, oxen AND other diehard holders & supportive degens (tipping, apps) made it happen and promoted base & farcaster signups like crazy for free. Ofc degen also profited from farcaster updates and devs supporting it - but paid quite a lot for it via tips, grants, fees. IMHO they’d deserve the biggest airdrop ever from farcaster for bringing in early users (when fc team didn’t care about growth). Ps: other Farcaster tokens like $higher would never have gotten to 10m+ without Degen setting the ceiling and Degen profits reinvested - which enabled core people to ultimately turn it into sth attractive 🙂
11 replies
3 recasts
45 reactions
Juli 🎩↑
@juli
Ofc many people/things came together in a great way and had effects on each other. (Farcaster x Degen) That said, Degen could have been another memecoin outside farcaster but on Base and done similarly well - maybe even better without the prolonged dilution and paying heavily for some apps with tips & grants because the core people were some of the strongest high-conviction people I’ve seen and made tons of great early strategic and operational moves from community comms, to supporter/app onboarding, with a core focus on the token (not some random tech). Ultimately some pro investors might even have sold off Degen because they lacked confidence in Farcaster - while remaining bullish on Base.. (Base x Degen)
0 reply
0 recast
13 reactions
proxy
@proxystudio.eth
“Degen wealth effect” Firmly in the camp that Degen helped grow fc more than frames launch
5 replies
1 recast
28 reactions
aferg
@aaronrferguson.eth
Solid take and I agree
1 reply
0 recast
4 reactions
czar
@czar
fc didnt care about growth is not true. i doubt people will say the same about degen helping fc more, if plans are measured in decades - which is exactly what the merkle team is focused on. degen is great, but it is not enough. not even nearly enough.
1 reply
0 recast
1 reaction
Papajams
@papa
STRONG take 50 $hunt 10 $00 🍖 x 500 10 $nogs 10 $build 5 $fomo 5 🎭 100 $WILD (ran out of degen for today hehe)
1 reply
0 recast
2 reactions
Ray F. 🎩
@cryptowenmoon.eth
Degen helped bring more DAUs than frames *change my mind meme* 1000 $DEGEN
1 reply
0 recast
2 reactions
Rafaello.base.eth
@rafaello12
This is spot on
0 reply
0 recast
1 reaction
NutellaCrepe 🎩🍖
@nutellacrepe.eth
Period
0 reply
0 recast
1 reaction
Fookinnowan 🎩🔵
@fookinnowan
Hot take 🔥 but it is stone cold fact 🥶
0 reply
0 recast
1 reaction
Daniel Fernandes
@dfern.eth
While I like the Degen team & community, its first effect was to introduce a bunch of spam bots which didn't lead to higher quality users/conversations. At peak tipping popularity, I was using FC less because my feed was filled with tipping replies. Maybe some enjoy having a feed filled with cryptotalk, but I also want non-cryptotalk on FC. Long term, I think financial incentives can onboard high quality users, so I think these experiments are valuable overall.
1 reply
0 recast
1 reaction
Beninem
@beninem
Direct correlation between DEGEN's emergence as a cool tipping coin that made waves over to crypto Twitter, and FC's popularity and rising DAU's early this year. Direct correlation between DEGEN tweaking the tipping algo and FC's falling DAU's up to summer. Direct correlation between DEGEN re-tweaking the tipping algo to use staking to get tips and FC's rising DAU's recently. He should be thanking many projects and folks for FC's rise with some kind of airdrop, but he's got a "i am marketing guru, trust me we're failing and will continue failing until you all do your job" mindset which is quite tiresome now.
0 reply
0 recast
1 reaction
