skininthegame

perl.xyz is your onchain social arcade, powered by $DEGEN. Join the discussion at /perl

My view on the rise of money games like $DEGEN and @perl in the Warpcast feed:

Most people just want to have fun and make money. The more options we offer, the better for people and progress. Excessive greed is bad and there are evil forces that we should fight, but the vast majority of people are not evil.

It's experimental. Reward:distribution equilibrium takes time to discover and these systems need to be abused by bad actors [in order] to harden them.

Sculpting meets metallurgy.

husband, father of two sexy girls, crypto community manager, bizniz owner and opinionated conservative. jesus guns girls america 🇺🇸

@wake.bsky.social

It's all about incentives AND permissions.

everyone

job: token analyst. Talk to me about football, sports, crypto, outdoors, growth, econ, investing, chess

For sure, ending distribution helps.

In the case of $degen w/ existing investors & farmers w/out skin in the game, I don't see how $degen survives airdrop 2 dumping.

@jacek is in a unique position. He can filter out farmers & slightly tweak (permissions for) distributions & thereby add value to Farcaster & $degen!

Once distribution is done and all tokens are circulating, onus will shift from core dev to literally /everyone else/

That's when we'll see the /really/ creative, completely permissionless stuff including highly focused, permissioned applications.

Airdrop noise is loud and distracting and incredibly powerful.