Big changes coming to farther.social next month!

This was heavily motivated by some conversations between @nonlinear.eth & @ted on @manysuchcases 

Also big shout outs to @acai & @wahoo for early feedback on the design. 🙏

https://paragraph.xyz/@farther/farther-v2

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

Frog | FID #3741 | Bitcoin | Nerd | Accelerate

cloaks.app

you can't say "i gave up" without saying "i gay"; never give up.

musician: gigameshmusic.com | dev: github.com/gigamesh

Reply guy here for memes and crypto |

The biggest risk is not taking one 📈

Fair enough. Thanks for the reply.

I think that is reasonable to impose a limit. Lets say max 10k farther to an individual per month what do you think?

No it was just an idea proposed by someone in the community. Likely won't do it, but may impose a limit on the number of tokens you can tip someone per month.

Really serious about that you can't tip people back for a season?
 
I'll forget for being too high 🤣

Im the guy that posted all those factory memes once

Yes! 

Based on the data I’m seeing so far, there is a big drop off in tip scores when recipients have more than a few hundred followers so it seems to naturally already do what you’re describing.

Very cool take on improving and building on tipping culture. There might be avenues in the future to look into common network effects (logistic curves, power law distros) and how that can improve tip allocations too. I.E. Logistic curves can be used to focus tip allocations towards lifting up the "middle" similar to quadratic funding where you want to boost a certain person up to a point but once they get big enough they shouldn't need the tokens help anyone and need to sink or swim on their own because they should start benefiting from being further up the power law distribution curve.

No one cares about your story until you Win ,
So Win !

It's more dope than what I expected !!
I'm definitely in !
Thanks for what you have cooked 🫶

The percentage change in the tip recipient’s engagement throughout the month is what matters. And it applies to any farcaster user.

Let me to see I understand right ?
So it doesn't need to care about the points you get , it depends on just your tipp score and your engagement during the season , right ?
Engaging just about farther or whole of the farcaster ?
If you don't mind to answer?

if you come for the queen you best not miss

As a fellow blue eye haver, we know dis :,) excellent lighting choice!!!

Hehe the window definitely exaggerates it

Just saw this now, really appreciate what  your are building, and all the effort into making it a positive spiral, i am full of hope on farther 🪄✨

F A R T H E R ✨

Farther V2 starts Aug 1, and I couldn't be more excited! 

What's new?

1) Tip Scores = ($farther tip amount) * (% change in engagement score since the tip * 10,000) i.e., If I tip 150 $farther and the tip recipient's engagement score goes up by 0.03% (score is updated every 6 hours by OpenRank), then my tip score is 450.  (150) * (0.03% * 10000) = 450 tip score

2) Tipper Scores = The average of all Tip Scores. At the end of the szn, tippers with positive scores receive a share of a rewards pool proportional to their score.

3) Rewards pool: The monthly rewards pool starts at 1m $farther.

4) Same daily allowance for everyone: this season is focused on tipper score and rewards.

5) No tip restrictions.

6) Tip recipients must have >100 followers to prevent farming.

7) The daily allowance targets $3000 worth of $farther, adjusted based on token price at reset.

What's the same?

1) A balance of 100k is required to receive a tip allowance.

Lmk if anything needs to be corrected! cc @gigamesh @farther

Love this. Wrote a quick guide to break it down:

Love this. Wrote a quick guide to break it down: https://warpcast.com/nikdmello.eth/0xa8681f28

That’s interesting 🤟🏼✨ amazing moves!

ITS FINALLY HERE!   Free Mint! (Only Zora fee) https://zora.co/collect/base:0x786e8a5bc4da5dbe0b256038acdbac96671cacb6/1?referrer=0xb636A1E98F9f938c6ecC063a8f7f466a89D1A090 @gigamesh
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$GIRTH GANG

GG OFFICIAL NFT DROPS TODAY!! 🌭 HOPE YOU HAVE A /girthy DAY @gigamesh
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People who are originally high in Open rank are difficult to go up, so it will be difficult to receive tips👀

Thanks for the heads up and thanks for the brilliant job you guys are doing but ffs turn on that fan, it's hot affff😭

222 $farther

I'll make it more prominent when it launches but its currently at the top of this page and listed on the leaderboard:

Found it! So where it says score in the history, that’s the recipients score? Or what is that? And a lower score is better?

I'll make it more prominent when it launches but its currently at the top of this page and listed on the leaderboard: https://farther.social/tips/history

I love the new changes man. Very excited to see how it plays out

▶️ vibra

check this out, your video was transformed to a gif, so that it could be displayed inside a frame. why?

because frames are fun

stay tuned: /vibra