phil on Warpcast

Content pfp

0 reply

20 recasts

20 reactions

phil pfp

I just learned that a reply from my account is worth ~$30 in Moxie, which is about 4x the federal minimum wage in the U.S. This explains the prevalence of bots and reply guys lately. Overall, I have mixed feelings about this development. On one hand, it feels harmless to airdrop free money to people simply for engaging. On the other hand, it has a distorting effect on social interactions that makes it hard to know what is genuine. I also feel kind of gross that something called a “Fan Auction” was launched using my likeness without my consent or approval. I’m not sure what the financial implications of that are, but it certainly wasn’t enough for me to say yes since it involves my reputation. I’m not sure what to do. I don’t want to stop using the app and I’m obviously benefiting from the system, but am deeply conscious of the precedent my behavior will set for others.

46 replies

4 recasts

111 reactions

Kieran Daniels 🎩 pfp

Kieran Daniels 🎩

Just wait about 6 months and Moxie will die off

2 replies

0 recast

2 reactions

tomu pfp

i still don’t understand the excitement, maybe cos it’s full of farmers and we know how that ends. if moxie empowers a social network with financial incentives, we shouldn’t have fan tokens, only channel tokens (protects you from any legal situation and reputation)

0 reply

0 recast

1 reaction

Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

Hi @phil 1st, my apologies background: Moxie enables "tipping" to automatically happen through organic behaviors - likes, replies, recasts, frames. Tipping "allowance" is determined by Far Score - indication of influence While there's been a surge of replyguys moxiebating, it'll settle. Most people, like yourself, wont change any behaviors. This stuff happens every day on Instagram, Twitter, TikTok where influencers get tons of replyguy replies in hope that they'll engage, giving the replyguy clout. Influencers ignore it, & it forces the platforms to evolve & do better at filtering good replies from baiters. same will happen here wrt your Fan Token. We launched ~400 Fan Tokens initially curated by our team. >90% were explicitly requested. The only exceptions were very large "celebrity" accounts (you have 400k followers), so members could back their favorites and participate in your success. 3 users asked to cancel their FT auction and we did so immediately. Since 1 week it is self-service only

3 replies

0 recast

3 reactions

Camille Roux pfp

- "Dad, can I have some pocket money?" - No, go to chat with @phil! 🤔

2 replies

0 recast

21 reactions

Trebor🎩🟡 pfp

https://warpcast.com/trebor69/0x85bd521c Very much agreed. Moxie is a double edge sword But i believe its doing more good than wrong

1 reply

0 recast

4 reactions

Mikko pfp

@mikkolagerstedt

It’s a strange dynamic. Even on my smaller stats, I have noticed it. I think once the buzz dies off it will become less of a conscious thing. I do enjoy spreading the love around with recasts and replies even in a smaller way.

0 reply

0 recast

3 reactions

Renée Campbell 🎩 pfp

Renée Campbell 🎩

I don’t how to feel about your comparison to the minimum wage, that’s truly upsetting but I will say that it’s made my time on here more social. We all get stuck in our comfortable circles, maybe this is a way for more people to get to know each other.

0 reply

0 recast

2 reactions

Marcelo Terça-Nada 💎🎩✨ pfp

Marcelo Terça-Nada 💎🎩✨

Good morning Phil, I didn't know that your FanToken had been released without your consent. I participated and publicized your auction because I'm a big fan of your work. Regarding your discomfort in interacting on Warpcast, this is a very bad situation, after all, you've always been an active, generous and accessible person. I feel that the fact that the Moxie system is highly concentrated in a few people is generating a lot of distortions. Hope they fix this to avoid further inconvenience.

1 reply

0 recast

1 reaction

Merve 🎩 pfp

Thats why I stopped spending much time here, people dont even interact with you if you are not a big account 😓

1 reply

0 recast

1 reaction

Push 🎩🤌🏻 pfp

Push 🎩🤌🏻

Tbh I somehow feel you brother. Everything has a price tag now in farcaster, interactions too. And big accounts like you Can easily be bots target, now more that ever. But I still believe there is a bunch of people that do this with pure intentions: to have interesting conversations or help a friend grow. And for the FT auction situation, it happened to other people I know, like Coop for example, so idk, my best piece of advice is try to make the most out of it, while having some fun💆🏻‍♂️🖤

0 reply

0 recast

1 reaction

Zenigame pfp

best to chat with @betashop.eth or @ipeciura.eth about any financial implications, consent, etc

1 reply

0 recast

1 reaction

Metaphorical pfp

Easy thing is just not to change a thing. ignore or block bots, reply to thoughtful answers.

0 reply

0 recast

0 reaction

Q pfp

i like warpcast but i am put off by the monetisation of everything. there has to be a better way to foster genuine engagement. i appreciate that art is worth paying for, and earning tokens is fun, but it shouldn't feel like everyone is trying to ride a gravy train

0 reply

0 recast

0 reaction

Luigi Stranieri pfp

Luigi Stranieri

@luigistranieri

This is a very serious matter. You’re absolutely right about the fan token. Launched without consent is indeed something that needs to be clarified. I’m not sure if there’s financial implications but I suspect that if you quit probably your holders will lose their moxies/money?

1 reply

0 recast

0 reaction

Jai pfp

Probably just speak to max. He can explain it much better to you.

0 reply

0 recast

0 reaction

Abbas🎩👾 pfp

I bought about 10% of the total supply of your Fan Tokens. It's literally just a share of what you earn in Moxie >> 20% of your earnings. Could be used later as jason suggest in things just like hypersub. Also, your reply for someone with Fan Tokens auctioned is around $4.50 now. It was about $30 before.

1 reply

0 recast

1 reaction

frederick pfp

this is an interesting topic for sure. i came back to this a number of times to reply bc i feel it's important. i'll share that i always explain to people that i use farcaster like a large discord server with different channels for each of my interests and accounts that i have good conversations with. my conversations and emphasis on building in fc in general has helped me to think about finances less and more about the connections... for me, this has been a good thing. i do see that having farcaster integrated with finances does complicate things. i think (hope) i can judge who the bots are. at this time, i plan to continue to help, support, and engage with people and projects that interest me and hope others do the same.

0 reply

0 recast

0 reaction

Samir 🎩 pfp

keep doing what you were doing regarding all of this, this is the best way to keep things as it is without stress, the moxie storm is settling down. and I think it's obvious to you who is interested and who is farming under your casts and who was a fan of you and your projects even before all of this and who is new.

0 reply

0 recast

2 reactions

Dvyne🎩 pfp

Why let it stop you? Your reply is 2x monthly minimum wage in my country, so choosing to reply someone actually helps them, cause it's a choice to reply or engage someone. There are PROS and CONS, but I believe the PROS outweigh here.

0 reply

0 recast

1 reaction