Njal

@cryptonjal

468 Following

382 Followers

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Challenged myself to make a Farcaster social credit system myself, but sufficiently transparent, and 100% on Dune with available data on Dune + spam labels. I call it "Caster Credibility Score" Calculation is based on: - Activity - Interaction - Network - Engagement - Sustainability of activity over time - Spam label It ranks from 0 till 100. If you're not on the list, you scored 0. And to be clear, this says nothing about the quality of someone's casts. But the value that a caster brings to the Farcaster network. The Dune script: https://dune.com/queries/5497120

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De Amsterdamse Waterleidingduinen (Dutch dunes where they extract drinking water for Amsterdam)

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Especially for the Dutch: BNR discusses TBA, but apparently it hasn't been tested yet. A lukewarm reception, but they think the social network is Coinbase's own, including app development capabilities. Farcaster hasn't been mentioned once. Podcast is in Dutch https://www.bnr.nl/podcast/cryptocast/10579052/positieve-cryptoweek-in-vs-lijkt-brandstof-voor-hernieuwde-bullmarkt-387-a

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Anyone want to have children? I think I can put in a good word for you.

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I'm belonging to a cult now 👀

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This art is mine now 😎

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AI-generated texts are often lame, but they can offer advantages. In this case, I put the correspondence to and from Satoshi Nakamoto into NotebookLM to recount Bitcoin's early years with as little bias as possible. https://paragraph.com/@cryptonjal/bitcoins-early-days

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Use this app every week. 🔥 Best rewarding app ever! If anyone understood that tipping your own backs is the future, it's @dosir. He was way ahead of his time.

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I made a graph with the ratings of my Caster Credibility Score (CCS). However, there are limitations to this approach because of some penalties in my system, and because it favors current active casters, and not casters who were active in the past. So, the graph only shows spam label 2. - Current active users came mostly from Feb. - Jun. 2024 (no surprise there) - Current not or barely active users (<5 casts in 365 days) came also mostly from Feb. - Jun. 2024 - We must be careful to interpret the growth overtime, because it only shows in with time period the current FIDs in a specific rating were active in the past. I'm still going to think about how I can do this better. CCS is more about the current value, and not about value in the past, and that makes it problematic to use in this kind of analyzes.

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How much new FIDs are getting active on Farcaster every month? In June, it were 12,343; 7.9% of all active FIDs. Total active FIDs are still in a downtrend, but don't worry. This is mainly caused by a decline in active spammy FIDs. Even new spammy FIDs are declining. More important, active not spammy accounts are in a very cautious uptrend and would move more or less sideways without new FIDs. You find the data in my Farcaster monthly dashboard: https://dune.com/nhejyht/farcaster-monthly-dashboard

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I happened to talk about it this morning in a reply: the Pareto principle: 80% of outcomes come from 20% of causes. And these are two great examples: a small group of PoW miners or PoS validators are responsible for most of the mining or validator power. PoW has an incentive to cluster because collaboration stabilizes income. This isn't necessary with PoS. Consequently, there are fewer groups in PoW. Btw, there are sufficient market-driven arguments to explain why it will not actually become a duopoly.

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I just checked the dog in me and I am:

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Nice app to clean up the casters you follow, but if someone wants to clean up the list of casters he/she follows in a more subtle way, you can use this Dune dashboard: https://dune.com/nhejyht/farcaster-followers-audit You only need a free Dune account, or make an account if you haven't already.

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If you haven't done so yet, claim and create your own NFT before it's too late!

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DXY bounced on the bottom of the pitchfork, and the weekly RSI on the oversold level (30). This weekly candle stick isn't closed yet, so there is room to fix that tomorrow... or not

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https://farcaster.xyz/dosir/0x64d8afc3

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I added another $5 🫡

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TBA: This becomes art

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