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Maretus
@maretus.eth
Sharing my thoughts on Moxie so far: TLDW: - Super well executed. Not a single error or mishap yet. It just works. - Farcaster doesn’t have a token, but if it did what would its market cap be? Moxie tokenizes all of Farcaster’s activity, so it essentially serves as a token for the network.
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wake
@wake.eth
farcaster is more fairly summarized by its entire token economy, not just moxie or degen or tn or bleu or trees. all of it. if moxie protocol succeeds, they all go up alongside moxie itself. moxie is the utility company, they keep the lights on for everyone. try to ignore the speculative boost to moxie token and focus on its network throughput (ie, are people using it). that's the real kpi.
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Maretus
@maretus.eth
Very good point. Not something that I fully considered re: all of the FC tokens being a representation. I think Moxie is really well thought out and executed so far. It’s rewarding quality the same way season 5 did. People do seem to be using Moxie if engagement the past 48 hours is anything to go off of.
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wake
@wake.eth
Totally. I know people are hungry for a new "this is THE farcaster token" narrative. But we've come too far for that to make much sense. Farcaster has mothered several tokens; they all matter. It's all our money. Farcaster wealth is it's mega tokens, like moxie and degen, but also our stanky shitcoins. Moxie utilization is trending upward, yes. 🤗
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