I know everyone is skittish about talking about a Farcaster token but last bull run $DESO, the only real decentralized social token in the mix, hit 1.6b market cap. Inferior product, no rizz. Gotta admit the thought of a $far token and the heights it could reach are pretty fun to think about.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

I disagree. All tokens are short term unless they back a technical consensus algorithm (ethereum, filecoin for example).

Tokens also bring out the worse of web3 culture: gambling, financialization, speculation.

The only justification would be if it helps the “sufficiently decentralized” aspect, not needed rn

Founder https://axflow.dev // creator of the https://blockchainsmokers.xyz // nf.td/nicho

Multiple multi year, multi billion tokens in crypto say otherwise. What if Farcaster migrates to its own Far chain?

Hmm, tokens can provide meaningful incentives and align users with protocol goals.

In the future, tokens can also become equity-like once a legal framework is there.

Agree about how they can help with decentralization.