The farcaster app is a social media app built around Degen in the sense that you get an airdrop for tipping degen from your daily tip allowance to other people and other people tip you with degen for posting interesting stuff. You can check how much your tipping allowance is with frames, but it can take a bit to update

i spit out my water reading this: “farcaster app is a social media app built around degen”

if new users think OP sentence is true, where and how are they learning this?

imo,
farcaster: decentralized social network
warpcast: app built on the network
degen: social utility token distributed via the app and network

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The open web is dead, long live the open web. ⌐◨-◨

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agree. not concerned about degen itself, concerned about how people are learning this misrepresentation and then focused on what i can do (personally) to fix it.

degen might be the best and the worst thing that has happened to Farcaster.

It'll be a small thing in the grand scheme of things though.

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wdym? can you share an example?

people are sharing “how to use warpcast” twitter spaces that are really just “how to earn degen”?

'if new users think OP sentence is true, where and how are they learning this?' 

probably twitter spaces - there have been quite a few warpcast 'how tos' focused on this.

yeah i mean OP's verbiage is very off. 

and i agree that i'd describe farcaster and warpcast the same way.

i do think degen has evolved past just a social utility token into a decentralized community (i want to say  degen is DAO-ish, but obviously that's not quite right).

Any Farcaster-DEGEN affiliation is very dangerous imo. Don't want Farcaster DAU to be driven by degen price

say you’re new here without saying you’re new here

There is a lot of misconceptions around decentralized social network, even what’s farcaster, warpcast, degen. This is a based on a population of 200+ guests at farcaster community meetup last night. More work needs to be done to educate whilst onboarding new users 💜

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in this way i think the degen tip allo game is actually directly counter to farcaster's interests, despite clearly generating volume

because not all volume is *good* volume

i could tell a ton of stories of similar events which have broken communities through my youtube career - this isn't a new issue sadly but (cont)

https://warpcast.com/mrroflwaffles/0x77008bfc

That's why they're coming. Need to continue to build the core of connecting people together, that's what made FC special to us OGs

Bc that’s how it blew up — why they came here

“show me the incentive and I’ll show you the outcome”
— Charlie Munger

So much focus is on degen farming I can only imagine the types of users it attracted

no idea where the wires got crossed there bc wut

Yeah not a good take. Like saying Ethereum is a network built around NFTs. They are just not getting it, but hopefully they will with time.

To your normal user it does appear that it’s built around degen.

Like it’s used so much that I bet a lot of people don’t realize it’s not a part of the app.

I could make a dune chart showing % of casts with degen in it if you’d like 🤔

If there is one consistent thing in crypto it’s that history can and will always be changed by whoever chooses to do it.  Even more so when it’s decentralized

These are like greenfield crypto users it would appear coming in from crypto youtube. 

On one hand, it's great to see adoption from newbies. On the other hand, the flow of misinformation is going to become problematic.

I think once we start seeing more apps using farcaster, we'll see a better understanding from more users. Right now in web2 social media it's app+network all built into one (for the most part). 

I'm assuming Spaces/YT probably use degen as a hook for people to continue listening