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woj
@woj.eth
engagement tokens tokens mineable by engagement on farcaster - assign every faracaster user a rank using @openrank. seed it with people you value - distribute tokens on daily / weekly cadence for posting - rewards are based on engagement weighted by the user rank - attach a funny meme, build a cult, profit essentially proof of work distribution but based on social signal rather than computing power
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meguce
@meguce
I've always said it. I'll say it again. Any experiment given the gap between people in Openrank systems will fail. In fact, they will only fail more quickly than others. They need to find a way to constantly add value in the process. After all, even bitcoin loses value if there is no money coming in from outside.
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woj
@woj.eth
yeah solving for for people buying a token is a different thing
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