Impact

Farcaster has the potential to expand its total addressable market (TAM) and disrupt multiple platforms and industries — but are we too busy disrupting (and distracting) ourselves instead?

Farcaster has the potential to expand its total addressable market (TAM) and disrupt multiple platforms and industries — but are we too busy disrupting (and distracting) ourselves instead?
https://paragraph.com/@abundance/farcaster-the-platform-disruptor

Solving public goods value capture. | /impact | book.abundance.id

I like the ideas here, though I'm no expert here and don't understand how to solve. Do you have any proposals? Would rewarding mini app creaters be an example? How about rewarding mini app devs who create the most value by user interaction? And how to make sure not only the mega casino gets rewarded? I'm ignorant, but I like your ambition for this space.

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

LLMs can help in the process but only if they're fed useful user data.

I'm thinking of something that's closer to Ponder polls - on Ponder you can make money if you predict correctly what *most other users* value.

In other words, your thought process is not "what do I like" but rather "what do I think most other people like"

if you apply that to content you can have a Reaction button on casts where you can have a scale for how much you think the community would value the cast. 

Then the closer your prediction matches community sentiment (ie how much the community actually values that content) the more you're rewarded

you can then also give a greater reward for those who make the first accurate prediction - so users would proactively look for valuable content (/apps/art/etc) for the network

then you can feed that data to an LLM so its better at surfacing more content that the community values

point is that it doesn't have to be based on attention at all, just what a network actually values

I have a suggestion or two.. it's probably more to start thinking in the direction of rewarding contributions over just engagement and I'm sure we'll be able so iterate and solve the issues as they come

Much agree. The sharing volumes could certainly increase, in almost every available aspect, with monetary invitations. It’s the ‘weeding out’ the ‘invasive species’ in growth sections and the beneficial unanticipated correlations that can become quite interesting. Meaning this in farm/garden, metaphorically.

I have a suggestion or two.. it's probably more to start thinking in the direction of rewarding contributions over just engagement and I'm sure we'll be able so iterate and solve the issues as they come https://farcaster.xyz/abundance/0x70329efc