Degen

What does this tell you about the airdrop?🫠

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

Mini apps will eat the internet | Latest drop: /clankermon | Building : /large /fctrivia /miniapps /flappycaster /jeeves /source @degentip @playsource /jump

I like microsub, Degenpad, Memecaster Tipper but find it a bit sad that they are so dominant and individual (micro)tipping is slowly going away - despite being a killer use case for (crypto native) social networks.

The fun of tipping has slowed, a.o.t. the updates from a few months ago improved guardrails but led to very low engagement), the community never made the jump towards tipping their own coins, so, it's likely a normal progression.

I gave Mintclub the benefit of the doubt as I saw the good intention behind it (> boostrap a memecoin ecosystem) but it's completely counterproductive to the guardrails and also led to less tipping (no visibility for degen). Hence, it's just a way to get money out of the system. I see no value in it and would stop it.

Tipping isn't the reason for big price movements anymore but it would be better to simply stop the distribution at this point with the current design and near 0 value vs some value leakage.

that tips are finally evolving and have a stronger value prop for degen community members than ever 

Social distribution was an incredible jumping off point but it has to evolve to stay interesting, creating a playground with the right guardrails is a great move 

being gameable is fine so long as it's equitable - which tips still isn't due to how big whale impact is on distribution

Agree that those numbers look super huge, I was also surprised to see that till I run some math on it. Actually Around ~75 to 80% of daily tips are sill going to other users.

BUT, I am totally agree with you that we might actually need something new/refreshing to ignite $degen fire again and ~17 to 20% of tips being funel out on daily basis via mint club is worrying

Tipping by a couple devoted tippers with big stacks does nothing for content generation. Not enough devoted tippers to adequately slog through all the non-tip-worthy sludgey noise here. 
The original system of everyone getting tips was better, but of course Jacek and Co will never believe that. 
So it's a farming meme token now.