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Papajams
@papa
I sampled 47 recipients of TOTH who received over $1m in tips + listened to @Jacek on /seedclub talk about the future of $degen & the L3 Four themes stood out: - Tipping as Advertising/Marketing - Tipping as Funding - Tipping as...Tipping - LT value accretion prospects > short-term value destruction risks 🎩 👇
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Papajams
@papa
- Trad ads (Super Bowl) = leaky bucket unless the product has mass appeal - Targeted online ads are specific but intermediaries take a margin. - Targeted tipping ensures 100% of funds go directly to the intended recipient $Degen emerging as a more universal, platform-agnostic token of appreciation/incentive 🎩 👇
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Papajams
@papa
- Institutional/grants/VC funding often opaque, subject to concentrated interests & disconnected from the actual users of products/services. - $Degen tipping = passionate user communities collectively funding ideas/experiments through a bottoms-up, transparent process, rewarding quality. study /degenangels 🎩 👇
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Papajams
@papa
- IRL tip norms are awry & arbitrary— we tip waiters but not journalists, delivery people but not bus drivers - $Degen tips are egalitarian, meritocratic. Journo Rachel earned $9k, what might a team earn? Emma earned $5k for a moving /spanish aphorism, how might pro poets, writers, philosophers fare? 🎩 👇
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Papajams
@papa
Volatility, irrationality, & grifters are all but inevitable. The early internet is still learning ways to adapt to the nigerian prince's emails. Yet the underlying utility being built on L3 indicates value accretion above & beyond any value destruction as norms like doxxed teams (e.g. @wake.eth or /ATH) bed in 🎩 👇
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Papajams
@papa
Read the full paper on @paragraph "Don’t really know what to say. I’m just grateful to @jacek for building a token that champions the idea of giving 💜" @sum https://paragraph.xyz/@papajams.eth/funding-the-future-on-farcaster-and-beyond-with-dollardegen
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