balajis on Farcaster

Content pfp

0 reply

20 recasts

20 reactions

balajis pfp

Theory: no coin, no community. That is: in the absence of shared purpose, digital communities break down into status signaling and endless conflict. So, I’m thinking of opening up a prize for a service that makes it easy to create and admin token-gated subnetworks on the Farcaster protocol. https://x.com/visakanv/status/1942017363572150324?s=46

35 replies

36 recasts

251 reactions

tldr (tim reilly) pfp

tldr (tim reilly)

In Greek the word for currency (“nomisma”) derives from the word for law / custom (“nomos”) I think the insight there is that the agreement on your city’s means of exchange is at the same level of importance as its laws and customs The interesting modern experiment is: To what extent can a currency not only derive from but even jumpstart a city?

1 reply

1 recast

34 reactions

:grin: pfp

alternative theory: all communities break down this way as they grow. a coin can help but only for a specific type of community strong leadership helps much more than a coin, but TPOT (@visakanv's community) didn't have that -- mostly on purpose perhaps a coin + an agent could replace strong leadership

0 reply

0 recast

23 reactions

Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

It seems like the tools exist and may just need some customization for you. Between @ clanker cc: @dish & /glanker’s Empire builder and/or @cura from @sahil I’m pretty sure all the tools are ready.

0 reply

0 recast

15 reactions

rubinovitz pfp

Can a “sub-network” be a channel or did you have something else in mind?

1 reply

0 recast

4 reactions

downshift. 🏎️💨 pfp

downshift. 🏎️💨

this part of twitter (tpot) never had a coin (besides btc or eth) and yet the algo showing us each other's posts was how @visakanv and i had any amount of rapport back then (amongst many other weirdos) before musk bought bird app. visa probably doesn't remember me any more because it's been well over a year.. but i used to riff with many of the same folks daily back then. it was my favorite experience on social media short of my earliest time on warpcast before engagement slop became the focus 🐽 with that, i actually believe a token is worse for a community that has a real purpose because it devolves into short-term greed and soulless bull posting. why would you want that? it's been tried so so many times and the movie almost always ends badly (especially if the token is an NFT)

0 reply

1 recast

3 reactions

yerbearserker.base.eth 🏛️ pfp

yerbearserker.base.eth 🏛️

I'm actually working on that... have something all drawn up & looking forward to talking to @willywonka.eth soon 😉

1 reply

0 recast

4 reactions

federicosan 🎩 pfp

federicosan 🎩

Strong communities are created around purpose, passions, dreams or lifestyle. Vegans create great purpose communities, writers and poets passion ones, nomads and indie hackers have a shared lifestyle. Tokens are not central to communities but could be a tool. Community is built around something you do no something you like … that is a fan base.

0 reply

0 recast

3 reactions

Zach Harris pfp

@zachharris.eth

@balajis.eth I think for a while people were token gating channels using @hypersub @nonlinear.eth and @antimofm.eth weren’t you charging for access to /memes and /design? @balajis.eth maybe @cura x @clanker x @neynar hackathon?

0 reply

0 recast

2 reactions

Cur8or pfp

Don’t just tokenize the culture. Yes there needs to be shared purpose but it could be built around any experience. Storytelling. Community. Events. Games. Art Collection. Achievement systems. Engagement of any sort. Stop financializing everything.

1 reply

0 recast

2 reactions

Lawsn pfp

Theory: coin as incentive for community = extractive community.

0 reply

0 recast

2 reactions

shoni.eth pfp

I think the main ux problem with token-gated (encrypted) casts is they still by default show up here and look like gibberish— So I’m either casting gibberish to my entire audience or casting+deleting for storage/viewing in a third party client that nobody else can see One can probably still like/reply to deleted casts since they persist on protocol

0 reply

0 recast

1 reaction

Lewis pfp

Token-gated posting makes sense but there's a lot of benefit on being open to read by anyone for discovery purposes

0 reply

0 recast

1 reaction

William Saar pfp

Question is if coin really makes sense as a starting point 🤔 It's like a startup where the only thing employees know is they'll get equity - it incentivizes joining with the goal to leave just after the vesting cliff Startups can counteract that by being careful with hiring, but communities tend to be more open

0 reply

0 recast

1 reaction

sahil pfp

https://farcaster.xyz/sahil/0xb2082529

0 reply

0 recast

1 reaction

MAGNETIC pfp

What have you thought for the, TheNetworkState NFT holder?

0 reply

0 recast

1 reaction

RealityCrafter pfp

@realitycrafter.eth

https://www.nouns.camp/proposals/825 “…These custom space systems will have their own domain, branding, homepage, directories, and default configs for profiles and dashboards that the members can further customize. Not only will noun.space be the first ever "channel client," it will become the base template upon which all channels and communities can deploy their platforms..”

0 reply

0 recast

1 reaction

Lucas | POAP Studio pfp

Lucas | POAP Studio

Please do ! Locked in as group chats https://farcaster.xyz/gabo/0x72039b24

0 reply

0 recast

1 reaction

vrypan |--o--| pfp

0 reply

0 recast

5 reactions

ash pfp

@sahil @dharmi @anmworld3 @cura

0 reply

1 recast

9 reactions