horsefacts pfp
horsefacts
@horsefacts.eth
There is an immediacy and velocity to exchange in the "social economy" that is new and different from other crypto interactions. Tips come in, tips go back out. I earned a @paperview reward last week and spent it on other people's content. This kind of exchange is one-to-one, personal, and often repeated. There was some of this in the "DAO economy" era but it was many-to-one, slow, and often captured. There is little of this in the rest of crypto: swapping and speculating are impersonal and often antisocial.
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PhiMarHal pfp
PhiMarHal
@phimarhal
I am turbogrump on social economy. Mixing money and friends. Explicit quantification of relationships has many ill effects. I scratched your back, why didn't you scratch mine? Or even more insidious, feeling pressured into participating. There's admittedly many counterpoints to this. Maybe social media connections are acquaintances, not friends. Maybe the transactional nature is already there with likes/follows/retweets. I'm grateful to Farcaster for getting to watch the experiment, regardless. It is interesting regardless of one's personal beliefs.
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