Moxie Official

I’ve been thinking a bit about Moxie lately in the context of incentivizing usership and participation on a social media platform. It’s actually kind of ingenious: There is a native token, which you earn for popular interactions, and whose value is theoretically upheld utility that is attached to it and which makes it desirable to hold for its own purposes.

There are two things that I think would make it very successful, which are 1) finding a mechanism to democratize users “power levels” while preventing bots from exploiting, 2) adding more users to Farcaster so it can develop into a mature economy.

These seem quite doable and ideas like this are the reason I still keep an interest in crypto and its ability to positively impact the internet, even if I look askance at the excesses of the industry. Finding a way to make social media economically sustainable would be a win-win for all sides.

I’m interested to see how the Moxie experiment develops. So far it’s been fascinating to see.

https://en.m.wikipedia.org/wiki/Goodhart%27s_law Goodhart's law says that any metric -- popular interactions in your example -- when it becomes the target of optimization pressure, ceases to be a good metric.

Incentive design is very, very hard.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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