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wake
@wake.eth
Juicy tip (up to a reasonable limit) to whomever can fairly summarize $farther's launch, historic changes, recent tweaks, and today's capitulation. Not fishing or dishing. Just the facts please. (I don't follow further) Also GM and happy Monday 🍿🌞
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Gwynne Michele
@thecurioushermit
Summary as far as I have been able to discern: Creator saw degen hype several months ago, thought he could do better, created Farther, lot of people bought in when the lock amount was worth about $300. People tipped a lot, but it wasn't going the way creator thought it should, so he changed the rules. Then did it again. And again. Then last night, lowest engagement period of the week BTW, posted under the farther account that he was suspending tipping, earned tips will be vested similar to Moxie, and the value tanked even more than it had - it's now down to $10 for that same amount of locked tokens for the allowance. The project will be turned over to a community DAO, etc. Speculation is that he rugged, but I suspect he just got in over his head and it didn't go the way he expected cuz economics is complicated.
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wake
@wake.eth
It's not a rug and was never likely to be. Giga is a... doxxed American I think? Too much liability. Crypto whelps call everything that hurt them a rug or a scam lol Great summary, thanks. I faded because I don't think Twitter bribes are on-boarding; attracts the wrong crowd for the wrong reason. Glad I did lol 1000 $DEGEN
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@swim
I say rug because he listened to our complaints (I also have DM's between him and i) he took community votes and then disregarded the vote using his power and acted in his own interest and everybody started cashing out.. now we're here
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wake
@wake.eth
I preserve "rug" for actual rugs, but that's me being a picky crypto karen. I get the sentiment 🫡
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@swim
i get it completely my "rug" is less monetary and more how we weren't listened to as a community; i've actually lost more bread investing in /lp but i fuck with deployer so heavy because he legitimately listens to us
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Gwynne Michele
@thecurioushermit
I'll ride through hard times with responsive and proactive devs. Cuz they're problem-solvers. If anyone's gonna figure out how to make it work, they will. And if not, there's something to be said for witnessing the passionate attempt.
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