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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
Degen's success will not be determined by the amount of allowance we get but by how this allowance is used. Let's say the allowance is equally split between two groups: one group that is dedicated to the ecosystem's long-term success (and tips to quality contributors), and another group that only cares to quickly extract value from the ecosystem. If such a dynamic persists $degen will simply go to 0, because those fighting for Degen's success will be demoralized and will eventually dump the token. But what if we change this dynamic? What if we had tools to rate whether a tip contributes to ecosystem growth or harms it, which then affects how much allowance the user gets in the future? This way we create incentives for users to contribute to ecosystem growth, and disincentivize farming. Users then also have an incentive to build even better tools to improve tipping quality bc they're likely to get more tips in the process, thus creating a positive feedback loop for $degen's growth
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Sarahc 🎩Ⓜ️ pfp
Sarahc 🎩Ⓜ️
@sarahc
Yes! Good to hear some positive options !
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