adrienne
@adrienne
New belief forming: Most social media is a race to the bottom because the only currency is attention, and humans love to watch a train wreck, so that’s what gets rewarded. Social media on crypto rails is different. Sure the algorithm might favor drama and engagement hacks, because humans are gonna human and engage with the same crap, but since there’s actual hard currency floating around (not just attention currency) people are more likely to pay for “nutritious” content and that’s why we see more healthy content here, not bc we are just Christian rap or not in the idea arena, but because paying for content engages our conscious brain not our lizard one. S/o @chinmay.eth @marvp and @humpty.eth for the good conversation yesterday that triggered this
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humpty
@humpty.eth
loved seeing this idea forming yesterday. happy to have finally shared a stage with you.
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🧙♂️
@stevedv.eth
Agree on first point, strong disagree on second. I think circular economies are healthy and beneficial for creators and consumers alike. But I believe Farcaster's friendly status has been here due to lack of big extractors not surfacing their way up to the top. The pond is too small for the sharks to feast. 2021 NFT mania was orchestrated by a lot of the 2018-2020 early birds who stuck around and made connections with one another. The lack of experts and critics at the time made it so anyone who was vaguely positive enough about "the space" would get a louder and louder microphone. Hence the wagmi culture that ensued and how the self proclaimed tastemakers reaped the most reward out of selling narratives of supporting art and culture. There was some real patronage but the vast majority of trading volume came from speculative storytelling and hot potato. NFTs "died" because we ran out of repackaging ideas. Memecoins continued because it's the same game with much more clearer rules, and is arguably 1/2
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jd 🌺
@jdl
hard agree
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Pierrick
@pierrick
Who pays for content? I certainly don’t…
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