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Something worth noting for the $SNAP allocation algorithm: it was built for the future, not the past. Hypersnap doesn’t have the benefit of a pool of VC money to run nodes and encourage users/builders. All of this is done by the community and incentivized by a community token. But a token with a bad mechanism can’t work in the long run. So the team churned through dozens of different allocation algorithms and got feedback internally and externally. This is how major botnets were found and their network impacts significantly reduced algorithmically, not manually. Why is this important? Anyone running a similar botnet in the future won’t be rewarded. This is baked into the allocation algorithm. The team used past data to come up with a solid algorithm for the future. This algorithm was created in public via the FIP process and can be changed the same way. So if you’re wondering why x got y, it’s because they had some sort of network impact in the past. And their efforts will helped Hypersnap shape the algorithm to avoid farmers in the future.

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You can’t be too hard on the red button people. They are just afraid. They’ve seen the worst of humanity and don’t want to risk their lives trusting human nature. I get it. I almost pressed red myself. They aren’t wrong. But blue pressers are willing to put their lives on the line for their beliefs. And that’s special. I pressed blue not because I believe, but because I want to believe!

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Without the fork, there’s no guarantee/hope that FC keeps running if/when Neynar shuts down or decides to pivot. The FC network is currently a permissioned set of nodes. Hypersnap is a permissionless set of nodes. Anyone can run a hypersnap node. Soon there will be token incentives to run a node. If nothing else, it’s a useful escape hatch if anything happens to Neynar. Philosophically, I don’t believe a VC-backed company can create a truly decentralized social platform.

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Today a homeless person asked if I had any mETH. I was inspired by his tenacity and said, “Actually the native gas token for Monad is $mon, not $meth, but if you tell me your FID I’ll send you some.” He tried to stab me but I dodged. Just doing the work to get people onchain. 🫡

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