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Varun Srinivasan
@v
Warpcast is giving out $5 each day to the top 100 casters. Rewards are given based on the amount of engagement your casts get divided by the number of active followers you have. We'll run this experiment through the end of the year to see if it drives people to create more interesting content for Farcaster.
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Venkatesh Rao ☀️
@vgr
Prediction: You’ll see a suppression effect outside of the 100. I’d monitor the next 100-400 too and the churn in the top 100. Predictions: 1. Consistently top 100 casters will have LinkedIn-like banality to them; a formula unconsciously adapted to the algorithm 2. People who win once will likely get worse in their casting in the next cycle or two whether or not the win against. 3. Top people who are aware of the experiment but don’t win will also worsen slightly due to perception of engagement farming incentives No free lunch theorem will eat this experiment
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