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phil
@phil
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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frederick
@sgniwder
this is an interesting topic for sure. i came back to this a number of times to reply bc i feel it's important. i'll share that i always explain to people that i use farcaster like a large discord server with different channels for each of my interests and accounts that i have good conversations with. my conversations and emphasis on building in fc in general has helped me to think about finances less and more about the connections... for me, this has been a good thing. i do see that having farcaster integrated with finances does complicate things. i think (hope) i can judge who the bots are. at this time, i plan to continue to help, support, and engage with people and projects that interest me and hope others do the same.
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