patriciaxlee.eth on Farcaster

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https://warpcast.com/~/channel/confessions

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Patricia Lee pfp

@patriciaxlee.eth

I don't fully understand what I'm looking at when I open the search page and wallet. This isn't a criticism of the team's recent updates - just a public confession of my ignorance to all of you who seem to swim through all of this like fish in water. I mostly ignore tokens here - not out of cynicism, but confusion. When I click on token pages, even popular ones like $DEGEN, I struggle to understand what the project actually is. (The bottom of the $DEGEN page says "No casts about this token yet.") After a few months on Farcaster, I feel I'm missing out on an interesting way to support interesting projects - beyond donating via Crowdfund. The terms I'm seeing blend together in my eyes: "app coins, "memecoins", "creator coins", "streamer coins" and things just called "coins." Plus "scam coins" flagged by the community. This cast is not a request for trading tips. I'm looking for your personal perspectives or reading recommendations to understand what drives this activity everyone seems so fluent in and what makes Farcaster a special place to do it. What motivates you to buy tokens here? I'm having a boomer moment and want to overcome it. Thank you.

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Patricia Lee pfp

@patriciaxlee.eth

Thanks for collecting @gaia 🤍

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Catch0x22 pfp

$degen is similar to doge in that the early distribution is from people genuinely sharing out of the goodness of their heart, so a token page wouldn't do it justice

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BrightFutureGuy 🎩↑ pfp

BrightFutureGuy 🎩↑

I’m with you. All types of coins and the attempts to coin everything are becoming exhausting and boring 🥱

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James pfp

@jamesdesign.eth

You aren't ignorant for being lost. You just aren't someone who spends a lot of time with tokens. The best way to think of them is by viewing how the tools are used more than one person's definition. ⚗️ 🌟 We use this "tool" for gambling and running casinos. We use this tool for pseudo-equity resembling stocks. Sometimes people say that it's just "for fun". I think your feedback is accurate on the UX and confusion. The UX has obviously been in the backend and is extremely polished, but your take or input on there not being enough data to make a decision is valid. DEGEN is very popular so it's odd to not have recent casts of it, but I think this feature is still in Beta. Also, feel free to check out our businesses project which doubles as a mini-app. $DAEMON @daemonagent https://farcaster.xyz/miniapps/bI-zGvB_oGNb/daemon

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Jordan pfp

I'm working on a more accessible interface for exploring tokens, would be great to get your feedback

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kenny 🎩 pfp

ignore the coin and speculation stuff, the app is overindexing on that now there is nothing you are missing out on and the 99% of people who aren't fluent in shitcoin gambling would be better off never seeing a tab like that

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Garrett pfp

What would you like to see on a token page to help you better understand a token and what it is/does/etc?

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Alea Torik pfp

I decided right from the start that I won’t use this app for trading. Not mixing business with pleasure kind of a thing … though I do have to admit that I feel the same way regarding the coin infrastructure here I feel that there are better ways of supporting creators than through buying their coins Also do not like the fact that my trade history would be made public here …

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Jason pfp

I’ve been here for a while and search is hard to navigate. Only reliable for me when I’m looking for a specific username or channel that I already know

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lopezonchain.base.eth pfp

lopezonchain.base.eth

@lopezonchain.eth

I don't buy tokens here, I barely buy tokens but I find fees here are too high and mostly losing after first pumps, idk

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bertwurst pfp

Many such cases (following)

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Patrick Atwater | 🌱🚴3🌐 pfp

Patrick Atwater | 🌱🚴3🌐

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Cool Beans 🌞 pfp

Cool Beans 🌞

I just clicked search and realized I had no idea that is what it looked like. Interesting.

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Johnbullmyson pfp

You’re actually asking the right questions. Half of what’s happening here is still people experimenting and trying to give meaning to tokens after they exist. Personally, I think most of them are just social signals for now, ways to show support, join a niche, or gamble a little on attention. It’s messy, but that’s kind of what makes it interesting.

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Mannié pfp

You’re not alone fr. Half the time I’m just nodding and pretending I get it 😭

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