excuse my thinkfluencing but: first-gen social tipping was interesting because you spent other people's money. second-gen social tipping is interesting because you spend your own money and is more of a costly signal. third-gen tipping…

one turn that we are already speedrunning is "spend your own fake money." this will be tricky: if the token has no value it will be more like spam or an unwanted ad than a tip. (doubly so when we all do our taxes and find they've gone to zero!)

seems like there is a synthesis here with Coins but I don't see it yet

I work at the posts office

terminally.online

have been pushing around these thobjects as well — some new & interesting stuff starts to surface when thinking w model of ‘credits’ >  currency 

some sort of value redemption feels possible, even allowing for external secondary markets to speculate off-site if they desire (maybe quote pairings or something, not sure myself just yet)

really liked this from @mjc716. we are in a generative era with a lot of fucking around to do and a lot of things to find out.

it's interesting to me that the "price of a like" has gone from a $3 mint to a $0.30 collect to a $0.01 tip. not sure why it won't go lower or even negative.

much to think about.

Metasocial Capitalism

On the economic substrate emerging on Farcaster

The successes, the challenges and the vast potential https://t.co/Hm7lpNoq5m

michael (mjc716 on fc)

app developer /spotlight | MediaFi & Attention Markets

American Inventor. /higher /someone-build /light /stuff Ight.mirror.xyz zora.co/lght

yes, why not? there is some tension to resolve here between amps (pays you to like) and noice (you pay to like)

negative meaning getting paid to like?? lol

that's partly what noice is after and amps did already but it's priced at $1+ right now vs cents

really liked this from @mjc716. we are in a generative era with a lot of fucking around to do and a lot of things to find out.

it's interesting to me that the "price of a like" has gone from a $3 mint to a $0.30 collect to a $0.01 tip. not sure why it won't go lower or even negative.

much to think about.

https://x.com/mjayceee/status/1925992673631940636