Ramsey 🎩🤝 on Warpcast

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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.

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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

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Ramsey 🎩🤝 pfp

Ramsey 🎩🤝

Can I just ask one question (that is often overlooked)? If not for the FTA, almost all of Moxie that @phil content gets goes to him (apart from Frcst network % and the channel %), right? With the FTA, you take away additional 20% for the fans, right? And the initial FTA's could have been done without @phil approval? Basically taking away his moxie, without him explicity saying it's OK? I know that big accounts get a lot of traffic (and by extent, a lot of moxie), but that seems... not OK.

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

hmmm, not getting this logic tbh we're giving away free stuff but robbing them of some of that free stuff? it's still net free stuff? anyways, the protocol is designed for rewards to be shared with fans, both channels and fans of user and network as i mentioned in my response very very very very few people got launched who didn't explicitly request it, and everyone who asked us to take down from the upcoming schedule (3 in total) we took down in a few days all fan token subjects will be able to re-allocate more of their own rewards to fans (or entirely) and very soon re-route to charities or causes if they want to

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