There are 7 clones of Degen and zero clones of Farcaster

what does that tell us?

People would rather put in minimal effort to try to get rich quick than chew glass and stare into the abyss.

But I also liked your take, and think you're mostly right.

Head of Engineering at Courtyard.io, bringing physical collectibles onchain. nf.td/joe /courtyard /backend

Hard to take the take seriously when one of the three tokens he gave as an example isn’t a tipping token. Feels like discomfort about projects actually getting traction. Degen tips were just cut drastically, there are a ton of interesting projects building in the ecosystem

There’s lots of bullshit around the tipping meta, I’ve posted critically about stuff related to enjoy and degen tipping, but this is a pretty bland, superficial critique

Yes, so I suppose it's a question of whether degen will be lindy. Pokemon cards certainly are (25 years in, there's been ups and downs but hasn't gone to 0). I still own a large bag, but I don't think it's a sure thing and I appreciate those like yourself that can think probabilistically about it.

people are using degen today, degen they bought on the market, within a multitude of apps.

can't the same question be asked of any speculative activity, pokemon card trading for example? which saw enormous booms and busts during the covid cycle?

I think the question is whether there's actually traction after the music stops, or is it essentially a ZIRP situation. Lots of models are seemingly feasible when money is free.

at trust wallet via sequence. pimlico. poap. polygon. metamask. paxful. flipside crypto. dash. bridgewater. darpa. secdef. navy. dia. linktr.ee/alexanderchopan

I'm not defensive because I've openly shared a ton of critiques of $DEGEN $ENJOY and other tipping tokens. Its very much an emergent meta with strengths and flaws, something you can say about huge swathes of crypto

the general point expressed in tim's post has been made over and over again since I joined FC

people can send higher tokens to another user, there is no higher allocation at present. I send $PROXY sometimes to users manually, as a "tip" but the token is not a tipping token. 

what important issues am I missing from this post, in your view

try reading again bc seems like you are defensively jumping the gun at one point. and if people can tip w higher “tipping token” is fine at least for this post. the larger issues are more important.