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Leo
@leohenkels
A stupid rambling: My first two significant airdrops came from having a power badge of Farcaster. As someone who has always been more qualitatively inclined, it feels really cool “to farm” an airdrop by contributing to a Web3 protocol by not having to figure out a complex quantitative scheme. I’m contributing to a Web3 protocol that rewards my on-chain activity, but in a different way than what’s traditionally considered as on-chain activity. Some implications: 1. A pretty substantial shift in the way we view airdrops, brings in a whole new subset of people. 2. Will creatives and qualitative oriented people flock to Farcaster for potential value extraction? 3. Does the price of power badges go up? 4. Does this affirm that we will never need a Farcaster token? 5. Does Farcaster try to continue to pursue partnering with airdrops?
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Samuel ツ
@samuellhuber.eth
4) affirmed by 3rd parties running hubs 5) Farcaster never did. People on Farcaster and external may
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Leo
@leohenkels
Re 5) Do you think it makes sense for Farcaster to try to pursue this internally?
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Samuel ツ
@samuellhuber.eth
Does it add users contributing to the network? Then consider No, then don’t Also: many projects now start here for distribution, so team growing DAU will have the consequence that 5) happens organically like it has
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Leo
@leohenkels
*contributing meaningfully. If the power badge formula becomes even more coveted and hard to acquire artificially by users, I can see a huge influx of competition with high quality casts on the feed. I think your points correct in that identifying non-bots is a real value add for many projects looking to airdrop. Still I think it could be optimized as a feature or even a product Farcaster offers.
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