Degen

The default token should always be $DEGEN, it’s way more fun and widely distributed on Farcaster. The mini-apps completely miss the point of tipping culture. 4chan had Litecoin, Reddit had Dogecoin, and we have Degen. Stop trying to fight it.

If the people don’t want to tip in $DEGEN, why should they? You should tip in the token that you most identify with.

“Stop trying to fight it.”

If the fight is “Farcaster can only have one community token win” then I will fight. Makes no sense, and isn’t the model I want to promote.

All the other Farcaster tokens either rugged or fizzled out, Degen’s the only one still standing and actively supporting the ecosystem. If you’d rather back a random pump-and-dump over real community value, that’s your call. Just don’t be surprised when Degen keeps winning.

Web3 designer of Mint.club and Hunt.town | Find me via bento.me/project7 | Running /chicken meme project

by following what degen spirit about you guys built first

$hunt is used for tipping too but never rugged too :D I agree that $degen is the first and true tipping tokens in this scene 👍

1777 👏

bc USDC isn’t a community token. it’s just dollars. it’s something everyone understands. 

a good default minimizes complexity. if i’m new to farcaster, i don’t know what degen is, but i know what dollars are.

and i'm totally fine with that, build all the tokens you want, experiment, innovate, go wild. but while degen is the dominant token right now, why not make it the default in mini apps? like literally swap out usdc for degen, get the flywheel spinning. if another token comes along and does something cooler, great, make that one the default then. but what i don’t get is usdc being everywhere on farcaster, support your own ecosystem first.

I'm not denying that Degen is worth more than all of those tokens, I just disagree with the mentality.

This is like saying "incumbents already won, don't try to build another startup." We should encourage more people to try things, experiment, and try to build token and community value. 

To discourage that is categorically wrong.

building @emptyblock / prev director of research @coinmetrics

We had some really great token projects here last year too, but all of them fizzled out, just sayin’. Not hating on our current cohort, since I think they’re backed by some great devs, but so was the last one.

Do you specifically mean tokens launched spring the same time as degen? 

Because clanker, bnkr, native, bracky, indexy, etc. were all launched on Farcaster and are still going strong