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Jacek.degen.eth 🎩 pfp
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@jacek
I’ve been wondering how much it really matters that I stay active on Farcaster, posting, replying, etc. versus just focusing on building cool stuff. Maybe I don’t need to be so involved. There’s no clear answer. Zuckerberg barely engaged, neither does pump.fun. If the product is great, maybe that’s enough. And with tokens, the market often matters more than anything else. Still thinking on it.
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@juli
Remaining community may still appreciate it but price is not much directly affected anymore as a CEX coin, only through (value of) onboarded ecosystem builders, supporters, users of $degen (apps). The great initial communication, cooperative building & your outreach & grants with the (external) community (builders), the fast (publicly communicated) iterations, as well as community voices like wake rallied people, devs, speculators and set it up for success aka 3rd party buy-in. That mostly stopped though with building degen & its supporters into a hole (Degen l3 instead of focusing on farcaster x base, socialfi, apps) & as of now I think of Degen no more as a community project but another tech project, CEX meme led by you. I guess it mostly trades on big (farcaster/degen) news. I have doubts there is a great community these days that can make a difference for new apps in the eco. Communicating less will prob reduce signal in /degen and there will be even more pressure on you coming up with a killer product
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
Looks like we’ve entered a second wave of users who’ve started accumulating bags. The first wave did really well, huge run-up and great exits. Now we’ve hit a new floor. In the next rally, this new cohort will likely see similar success and become evangelists too. With tokens, it often has less to do with the actual project and more with broader market dynamics.
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