Agree with @toly

~$5-10 airdrops don’t incentivize people who want to use apps with a utility token, they incentivize farmers who dilute the quality of discourse in the network

The degradation to content quality is not worth the DAU bump imo (empty calories)

First Solana token airdrop to @farcaster_xyz users (using zk compression!). We've got 4 more Solana token airdrops lined up totaling $80k. DM me if you're interested in running an airdrop

While it’s awesome to see solana infra used, I think airdrops for growth model isn’t what socialFI should be. You end up with a bunch of airdrop farmers at best, and bots on average.  

Imho, figure out a way to surface DAO asset management into groups and social and charge bips

toly 🇺🇸

Agree with @toly

~$5-10 airdrops don’t incentivize people who want to use apps with a utility token, they incentivize farmers who dilute the quality of discourse in the network

The degradation to content quality is not worth the DAU bump imo (empty calories)

https://x.com/aeyakovenko/status/1928829488043098226?s=46

friendly neighborhood shitcaster // working on @pinetree

That assumes the targeting is naive instead of sophisticated. That’s the flaw in this argument.

Only way to grow in crypto is money. Various tactics, but there’s no non-money version that can scale. Believe me, I’ve tried for years.

Agreed on the latter, I think that’s why Toly is proposing going after DAO treasuries. I don’t necessarily agree but the common ground is money games

The problem with $5 a pop airdrops is that you’re not winning reluctant high quality crypto natives (the $$ isn’t enough) nor non-natives (it’s tacky)

Agree the KOLs aren’t incentivized but non-natives like them. The non-natives that think they’re tacky are just anti-crypto.

I love the overall narrative (it’s the right one) but think airdrops don’t align with it

Bc *how* you make the money matters. Difference between earning something (required contribution) vs getting airdropped 

The challenge is how do you create more supply side money rewards. Subscriptions was a great idea here and doesn’t require tapping into low quality 3rd party treasuries

The airdrops are part of an overall narrative of making money on Farcaster.

Have any data points / anecdotes to support the latter argument?

Having trouble seeing a pipeline or new non-natives that will convert to this app for $5 in esoteric coins 

I think anti-crypto and caring about taste are orthogonal — lot of non-natives on the fence that would get polarized away by a circus (pun intended)

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

Ironically airdrop culture converts more undecided folks to be anti-crypto because the root of the concern is empty money games and the concomitant corruption

eh, not all of them are anti-crypto. that’s not a fair generalization.

I think when a lot of non natives come in aren’t anti crypto just because they think they’re tacky.  Spending time with more non natives makes me think that when you spend your world completely on natives, you might be missing the rest of the world.

Education is the biggest barrier to entry.