Tangent:

How would you calculate the onchain GDP of Farcaster today?

seeker /native /believein /bedrock 🇵🇸

Been thinking about this a lot recently. Some initial ideas: cap of Farcaster tokens, total dry powder held in Farcaster wallets, revenue from Farcaster and Farcaster apps, trading volume between Farcaster wallets

But none of these are really a direct measure of GDP. GDP is a great way of measuring the real world economy but might not be the best way to measure the onchain economy. Ultimately I think we’ll need to create some new metrics that are more native to the crypto economy

building @emptyblock / art, music, onchain data / prev director of research @coinmetrics

i think GDP is a great measure, and we're trying to come up with new measurements because there is no real *productive* economic activity to measure yet (e.g. revenue)

that said, i'd like to see a comparison of "aggregate mcap of fc tokens" vs. "aggregate market cap of countries" and see where we stack up per capita