Steve
@sdv.eth
This miniapp by definition is a pyramid scheme. Pay $3 to enter, earn for your referrals. There is no experiment here, nothing to be learned. Big accounts can effortlessly extract from smaller accounts at scale. Smaller accounts stand to lose the most on this. Please consider deleting this @markcarey
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Mark Carey 🎩🫂
@markcarey
It is definitely has pyramid-structured payouts. But it's not a "scheme". A scheme implies deception, and the rules and structure here are fully disclosed. It functions exactly as described. If you feel the description is misleading in some way, please share. It is a social game, and yes, it favors those with greater social reach (and those who are early). Worst case, you have "tipped" 3 Farcaster users and receive none in return. Note there is also a random component here that enables small accounts to receive payment. In cases where there is no referrer, like my share above, one is randomly chosen from those who have paid it backward, with small accounts on equal footing with large ones. In this way very low-reach users have a chance to receive backward payments, especially if they are early in the round (when the pool of user is small --> higher chance to be randomly chosen).
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Steve
@sdv.eth
Semantics aside, it still disproportionately favors big accounts vs small accounts. That's not a unique problem to this but I do feel it's too easy to take advantage of. I like (responsible) gambling as much as the next person but I see this just as a thinly veiled multi level marketing money transfer. Sure, it's more transparent than most "games" in crypto but the bar is so low here I don't think it means much. My problem is that this is exactly the kind of project that makes me keep friends and family far away from crypto, and by extension Farcaster. I don't believe you have ill intentions at all, but I strongly believe crypto does not need to make it easy to do these kind of things.
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