proxy studio

Degen

some thoughts on $DEGEN and tipping:

after watching curiously from the sidelines for awhile, $DEGEN tipping (and the ensuing mania) is what originally pushed me to finally check out Farcaster in the first place. those days were unquestionably some of the best and most fun i’ve ever had on the Internet 🕺 1/

beautiful thread here on @downshift.eth's experience joining and getting hooked on @farcaster through @degentokenbase and the unique distribution mechanic at the project's core: tipping

Directionally, I agree. Tipping is a novel form of distribution that I hope @jacek sticks with. I do think that over time, the project has to develop. My instincts are that Degen playing a big role as a top of funnel project attracting users to Farcaster, getting them onboarded and retained for the early weeks is actually super valuable to the network as a whole.

but I also empathize for where Jacek is, looking at data on farming, tipping, and knowing well how brutal the attention economy is around tokens.  We might ask: how does the network help make Degen Tipping a more sustainable economic engine for our growth? How do those who tip drive value into the project, and enable the developers to sustainably build great user experiences for new entrants? OFC this gets into more complex questions about roadmap.

1/2

A sufficiently decentralized social network. farcaster.xyz

working on infra to displace adtech at /microsub • dance music lover + host of /campfire 🎧

home /openventures
work /clanker

DIRECT CASTS UNUSABLE FOR NOW

tippint is as a token distribution mechanism is under explored

it also crowdsources the actual distribution 
like your algo decides who can distribute rather than the algo distributing

agreed, uniquely powerful way to get holders active