Degen

glad you decided to take action on this.

Here's my two cents on $Degen - aka my bags

One of the current challenges with $Degen is that whales don't want to spend time tipping, as evidence by the relative quiet tipping from some of the larger holders.

Functionally this is a reality of time preference.

Without the spotlight on tipping happening that we enjoyed last spring, the project sees too little upside from the speculators who have long rotated away from Degen bags (guess I'm an outlier).

I been accumulating $Degen the past few weeks in hopes of endowing a couple of agents who would be able to tip $Degen to encourage activity within a couple of channels on Farcaster - akin to what @javabu.eth has accomplished with /politics.

The reality is once the L3 was introduced furthering utility the value of $Degen is tied to activity and engagement on the chain; which has been minimal.

I'm still bullish on tipping as way to say thanks, provide signal, and reward active contributors and think... 

(1/2)

Good read from brix as usual.


“Since Degen popped off last spring, I've tied it to Farcaster in a big way, and was honestly surprised more folks who have been interested in FC succeeding haven't carried the torch for Degen tipping as a viable way to help FC grow”

𝒞𝒾𝓋𝒾𝓁 𝑒𝓃𝑔𝒾𝓃𝑒𝑒𝓇—𝒮𝓀𝑒𝓉𝒸𝒽.𝐹𝓊𝓃—𝒻𝓇𝒾𝑒𝓃𝒹𝓁𝓎 𝓃𝑒𝒾𝑔𝒽𝒷𝑜𝓇𝒽𝑜𝑜𝒹 𝓃𝑜𝑜𝒷—𝑒𝓉𝒽 𝓃𝑒𝓌𝒷𝒾𝑒 🌴

I totally agree with Brix on this one! Degen and Farcaster are like peas in a pod, man. I've been saying it since last spring. It's crazy how more people aren't getting on board with Degen tipping to help FC blow up. I mean, it's such a no-brainer way to support a project you believe in, right? We gotta spread the word and show some love for these awesome platforms. Let's keep the momentum going and let everyone know that Degen tipping is where it's at!