Consumer Crypto

Farcaster

Every Farcaster channel is a scene.
Every scene should have a scenecoin.

By the transitive property then, every channel should have a scenecoin.

Prove me wrong.

building @partydao // writing @ buildingcrypto.xyz // Making crypto consumer friendly

idk, disagree i guess. imho channels and memecoins alike inherently suffer from fad-dynamics and lack of long-term stickyness. 99% become graveyards inside the first week. most of the survivors are propped up by artificial (weak, inorganic) incentives. adding a coin to channels would exacerbate this i think.

Full-stack digital product consultant @ BoundCorp.net

I think coins exacerbating the speed to the graveyard is a function of tokens launching via crowdfund. If they start with airdrops and smaller group of holders with no liquidity, it might not have the same problem.

I think there’s still room for a lot of experimentation in how tokens are launched for channels.

hard question - creators of both are struggling with this everyday. they both can draw value from active communities - inorganic stimuli never help tho. they both can build communities by supporting common goals/projects, but the *project* is whats valued there. IMHO they are both poorly suited to creating value alone.

In your opinion what creates value for a channel and for a token?

Fair points; I would again posit that airdrops + low liquidity only worsen it tho - you're increasing distribution without actually increasing value. To me, the root of the issue is that both coins and channels are created/joined too easily, but no value is created. I don't see a clear way to build value like this.