seneca

as a new degen tipoor, in a way it feels like its competing against warps to be the currency of the farc world.

I bought degen because I felt like it was the best (liquid) asset to capture the upside of Farcasters success

yup, warps should have been an erc20 from the beginning imo, imagine where it would be now if it was trading freely

Solidity Engineer | Researcher | Onchain Degen | DMs Open | https://github.com/0xCooki

Not sure I agree. Tokens, especially early on, attract the type people who only care about making money rather than long term participation. I have been a big fan of the vibe of Farcaster being mostly builders and people who want to help grow the ecosystem.

The Warpcast team doesn’t care about active users, they care about quality active users. Tokens incentive usage but not necessarily quality usage which is arguably the most important thing an app/protocol needs because it’s sustainable. I’m sure Farcaster will have a token someday when the time is right.

But just look at how many new users that speculation has brought in! 

I think they could have been smart about supply and tokenomics to prevent a PnD, and instead create a sustainable model that rewards real users and builders

Don't you think they'll drop a token someday anyway?

I very much align with this, preassigning value causes more of a disservice