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Murtaza Hussain
@mazmhussain
I’ve been thinking a bit about Moxie lately in the context of incentivizing usership and participation on a social media platform. It’s actually kind of ingenious: There is a native token, which you earn for popular interactions, and whose value is theoretically upheld utility that is attached to it and which makes it desirable to hold for its own purposes. There are two things that I think would make it very successful, which are 1) finding a mechanism to democratize users “power levels” while preventing bots from exploiting, 2) adding more users to Farcaster so it can develop into a mature economy. These seem quite doable and ideas like this are the reason I still keep an interest in crypto and its ability to positively impact the internet, even if I look askance at the excesses of the industry. Finding a way to make social media economically sustainable would be a win-win for all sides. I’m interested to see how the Moxie experiment develops. So far it’s been fascinating to see.
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Dr B lizardo
@bluelizardo.eth
it's been really cool to see the ups and downs, and being a part of it is super exciting. We've got this habit of nitpicking and pointing out flaws, and in a way, that can be constructive, especially when we've got a team so focused on working closely with the community
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SIYUL🎯🎩 🤫
@siyul12
Reading your writing made me interested in Moxie
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
So much potential. Appreciate your recognizing it.
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Lisa bell 🎩
@yaldafasih
It was more like an advertisement and introduction of Moxie. The idea of ​​Moxie made a difference between new and old users
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JC🎩
@jonathancolton
It's all one big experiment, but I like where it's heading.
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nomygod
@nomygod.eth
i'm a hater of money schemes (laughs in crypto) but anyway after thinking about it more moxie seems pretty cool but idk didn't think about it much and def didn't read enough docs but seems cool.
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tradehigher.base.eth pfp
tradehigher.base.eth
@yeoraemyson
Your cast is always inspiring and makes me feel like you have thoroughly thought through! This is why I am holding ur FTs
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Johnson pfp
Johnson
@johnson
I'm supporting you through /microsub! 332 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Blinky Stitt
@flashprofits.eth
I'm supporting you through /microsub! 159 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Spaceman Spiff 🎩🍖
@spaceman-spiff
The engine and team are great, but the tokenomics don't hold water. It runs into the same problem as Friendtech and the other socialfi apps since. How do they add enough value to cover the money cashed out? The fly wheel can never get going with this giant stream of outflows. I think an interesting element to add would be sponsors. Say degen puts in x amount of tokens and those rewards are used to power whatever initiative they choose. It could work in certain channels, but covering the whole network seems like an overreach at this point.
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Summercloud 🎩 🟣 🎭
@summercloud
Supporting you 200 $degen
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Jack
@jackten
I don't really understand how is sustainable.. like when everyone starts trying to actually turn the coins into money to pay their bills, who is going to provide them liquidity? What value is being created on the buy-side?
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Ivy
@ivy
it's interesting elon is going after #1 (allegedly), the issue which repeats itself across a certain kind of social media over and over again is an initial group establishing itself and an intimidating class chasm develops
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downshift
@downshift.eth
I'm supporting you through /microsub! 120 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Sjlver
@sjlver
https://en.m.wikipedia.org/wiki/Goodhart%27s_law Goodhart's law says that any metric -- popular interactions in your example -- when it becomes the target of optimization pressure, ceases to be a good metric. Incentive design is very, very hard.
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𝖉𝖞𝖈𝖕¹ᵍ pfp
𝖉𝖞𝖈𝖕¹ᵍ
@tn100x.eth
youve been thinking a bit and youve come up with point two all by yourself?
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highplains.base.eth 🎩✨🔴 pfp
highplains.base.eth 🎩✨🔴
@highplains66
I'm supporting you through /microsub! 110 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Mike🎩
@yekim.eth
I'm supporting you through /microsub! 649 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Jarrett
@jarrettr
I'm supporting you through /microsub! 72 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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