Farcaster

Community strategy at @offchainlabs,  contributing to /arbitrum

I was also bearish at first but a conversation with @marmo.eth (who has been coining a lot) made me realize that I was too focused on edge cases to see why it’s interesting.

A key realization for me was that most coins won’t be valuable - but that’s not the point

The point is that when something eventually goes viral there is a **monetizable** source of truth

Right now it’s only traders valuing content coins but when the actual act of trading moves to the background and becomes automated through something like @noiceapp content will start to be valued more fairly, which has some nice downstream effects like incentives for curation

My latest thoughts on content coins

Edge cases are still kinda nasty because of sniping but the median case is actually pretty interesting!