kenny 🎩
@kenny
it's actually a similar problem to Bitcoin mining in the beginning, anyone could mine Bitcoin with a cheap ass computer because it was worth nothing there was no competition same with DEGEN tipping, it worked in the beginning on a simple trust system because it was worthless
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kenny 🎩
@kenny
but now it's worth something and the network is being attacked because we never increased the difficulty to receive a tip beyond "post a comment on Farcaster" proof of work only works with difficulty that adjusts based on competition we absolutely need a higher bar to receive DEGEN tips (and it has to be something other than "hold/stake # of DEGEN")
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Commstark 🎩🫂
@commstark
I disagree with your task system idea. The bar was always low and that’s why it was fun It’s a lie that ppl tell. That we used to have high quality casts. Negative. The high quality casts were me shouting DEGEN = $1 400 times a day in twenty channels It was the same fun we same in /lp for farming ham or in /higher or any other channel we hit a plateau because ppl want to make money and the fun is over Memcoins either make it because the fun continues, it evolves into something else, or the free supply runs out and ppl HODL into a cult Degen still has supply so it goes down Tapering the supply at this point won’t help IMO because the cult is far gone Our hope now is that ppl still HODL and add to their positions and as time goes on ppl remember that DEGEN is the unofficial official token of Farcaster and the cult is revived - this is very possible btw. I still HODL because I know that the cult is embedded inside us. So long as the 2024 class of FC exists DEGEN has a good chance
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dGreek
@dgreek
the difference is that those days people can search and learn on YouTube "how to farm airdrops " and literally buy courses to learn how to do that . back then, they didn't even know what bitcoin is... so now they can extract much more value and even use bots,AI ,video instruction, how to farm. so that's hard to keep it up, and rules must apply and adapt to various situations.
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ReD 🎩🍖🧾
@redviking369
1000 $Degen
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