Mike | Abundance 🌟 (abundance)

will keep yapping about this till I'm blue in the face: this, in my view, is the biggest problem we're facing as a civilization, and almost no one is actively trying to solve it https://paragraph.com/@abundance/the-elephant-in-the-room

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Farcaster tried the social media approach for 4.5 years. It's now trying the wallet approach. Unfortunately it never tried the social network approach - the one area where it actually has a structural advantage over all other platforms. oh well..

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We can now finally settle the 200-year “debate” between capitalism and socialism — should the common interest be subordinate to self-interest, or the other way around? The answer is that both sides were wrong. Either approach leads to a mode of failure: concentration of wealth (under capitalism), or concentration of power (under socialism). Neither path — nor a “mixed” approach — can effectively deal with 21st century challenges To deal with 21st century challenges (automation, AI, digital tech, etc.) we need an approach that aligns self-interest with the common interest — an economic paradigm where what benefits the individual would inherently benefit society, and vice versa. The good news is that we now have the tools to make this happen!

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🎁🎁. ANNOUNCING the GREAT $DEGEN GIVEAWAY! 🎁🎁 20,000 $degen will be raffled among those who: 1️⃣ SUBSCRIBE to the New Economic Revolution (substack) thru miniapp, and 2️⃣ QC this cast & TAG 3 friends all eligible will also get $sky tips

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🎁 Announcing the first Impact 2.0 Giveaway 🎁 /impact will rain 5000 $degen among those who: 1️⃣ Sign up to Boosting, Validating (or both for higher chance of winning) in frame (see QC to learn how Boosting/Validating works in Impact 2.0) 2️⃣ Like & Recast this cast 3️⃣ Tag 2 friends who want to support impactful contributors on Farcaster https://farcaster.xyz/abundance/0x1ef3723e

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This year I built Impact Alpha ( /impact | impact.abundance.id ): - It's a system to reward builders and creators based on the impact their work makes on Farcaster (and not based on how much engagement they can get for their content). So far 15k+ casts from 2100+ unique creators were curated, and 1500+ creators got rewarded thru /impact. The app has 140 curators, and 20+ "super curators" (you know who you are 😉) who did an amazing job this year growing the app and boosting creators. - I also published The Abundance Economy (book.abundance.id) - a book that explains why our current economic model is broken and leading us to a dystopian future with multiple crisis (AGI, automation, crisis of trust in institutions, social polarization, climate crisis, etc.) And how we can use blockchain tech to build.. well, an economy of abundance.

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