9326
Mike | Abundance 🌟
@abundance #9326
Working on /impact ||
Abundance Economy book: book.abundance.id
2781 Follower 358 Following
as a society we're way overindexed on competition
lfg!
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Rewards are based on your Impact Score.
You can get started by logging into impact.abundance.id and installing the +1 $impact (or +5 $impact) cast action.
Then, to boost your Impact Score:
1️⃣ Stake $impact on casts based on how impactful they are to the Farcaster ecosystem
2️⃣ Auto-fund impactful casters with your remaining $degen allowance
https://warpcast.com/abundance/0x3adf840d
3️⃣ Invite quality contributors to the ecosystem
You can get started by logging into impact.abundance.id and installing the +1 $impact (or +5 $impact) cast action.
Then, to boost your Impact Score:
1️⃣ Stake $impact on casts based on how impactful they are to the Farcaster ecosystem
2️⃣ Auto-fund impactful casters with your remaining $degen allowance
https://warpcast.com/abundance/0x3adf840d
3️⃣ Invite quality contributors to the ecosystem
Update on Impact cast actions:
1️⃣ you can now stake +5 $impact on casts by installing the cast action
https://warpcast.com/~/add-cast-action?name=%2B5+%24IMPACT&icon=star&actionType=post&postUrl=https%3A%2Fimpact.abundance.id%2Fapi%2Faction%2Fimpact5%3Fpoints=IMPACT&description=Curate+Casts+with+the+Impact+App
2️⃣ +1 $impact cast action is in the QC
3️⃣ The Console still works on desktop but not on mobile
1️⃣ you can now stake +5 $impact on casts by installing the cast action
https://warpcast.com/~/add-cast-action?name=%2B5+%24IMPACT&icon=star&actionType=post&postUrl=https%3A%2Fimpact.abundance.id%2Fapi%2Faction%2Fimpact5%3Fpoints=IMPACT&description=Curate+Casts+with+the+Impact+App
2️⃣ +1 $impact cast action is in the QC
3️⃣ The Console still works on desktop but not on mobile
Degen Claim Day is tomorrow, and if the numbers hold, Impact will have about a 35k-40k $degen Impact Monthly Reward (in additional to the daily rewards) coming.
Reminder that your reward depends on your 30-day Impact Score
Stay tuned..
Reminder that your reward depends on your 30-day Impact Score
Stay tuned..
Cast action frames are currently broken on warpcast so the Impact Console isn't working.
Fortunately you can still stake $impact using the +1 cast action. install here https://warpcast.com/~/add-cast-action?name=%2B1+%24IMPACT&icon=star&actionType=post&postUrl=https%3A%2Fimpact.abundance.id%2Fapi%2Faction%2Fimpact1%3Fpoints=IMPACT&description=Curate+Casts+with+the+Impact+App
Fortunately you can still stake $impact using the +1 cast action. install here https://warpcast.com/~/add-cast-action?name=%2B1+%24IMPACT&icon=star&actionType=post&postUrl=https%3A%2Fimpact.abundance.id%2Fapi%2Faction%2Fimpact1%3Fpoints=IMPACT&description=Curate+Casts+with+the+Impact+App
anyone else having issues triggering v1 frames from cast action on warpcast?
https://warpcast.com/abundance/0xb11565ab
https://warpcast.com/abundance/0xb11565ab
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do v1 frames from cast actions no longer work on warpcast?
tried 2 different cast actions and getting error on mobile (works on desktop
cc: @horsefacts.eth
tried 2 different cast actions and getting error on mobile (works on desktop
cc: @horsefacts.eth
🚨 ATTENTION: Impact cast action is erroring. working on a fix
"speculative content" is not the same as valuable content.
We're following in the same footsteps as web2, except we replaced advertisers with speculators.
What we need is new markets that capture value, not more markets for attention or virality - they are not the same
We're following in the same footsteps as web2, except we replaced advertisers with speculators.
What we need is new markets that capture value, not more markets for attention or virality - they are not the same
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there's a formula to going viral
people dedicate entire books & YT channels to it
you know what this formula doesn't include?
providing massive value to people
every day mostly inane content goes viral on web2 platforms & the platforms profit from it
why so little valuable content reaches the top? bc value tends to be specialized
if someone discovers (& fixes) a major bug in the Ethereum codebase, chances are less than 0.0001% of the crypto world would understand the post about it
and if a post does go viral, chances are it's from a crypto influencer, not the person who discovered the bug
if we only reward those who capture attention, who will focus on value creation instead of attention extraction?
who will look for bugs in the Ethereum codebase? or cure cancer, or solve other real-world problems?
we need to start aligning our systems with rewarding value creators, not meme generators
otherwise we'd get a lot more viral inanity and little value created
people dedicate entire books & YT channels to it
you know what this formula doesn't include?
providing massive value to people
every day mostly inane content goes viral on web2 platforms & the platforms profit from it
why so little valuable content reaches the top? bc value tends to be specialized
if someone discovers (& fixes) a major bug in the Ethereum codebase, chances are less than 0.0001% of the crypto world would understand the post about it
and if a post does go viral, chances are it's from a crypto influencer, not the person who discovered the bug
if we only reward those who capture attention, who will focus on value creation instead of attention extraction?
who will look for bugs in the Ethereum codebase? or cure cancer, or solve other real-world problems?
we need to start aligning our systems with rewarding value creators, not meme generators
otherwise we'd get a lot more viral inanity and little value created
there is more than one way to devalue a currency.
everyone knows about the first way: printing more money
but what almost no one talks about is the other way:
producing fewer valuable goods in the economy.
since the 1970s our economy has become increasingly financialized - more and more talent & resources went toward moving money around, instead of producing valuable things.
you can fix the amount of currency in the economy, but if more people spend more time pumping their bags instead of producing valuable things, their coins will still be able to buy fewer and fewer things.
creating value fixes this
everyone knows about the first way: printing more money
but what almost no one talks about is the other way:
producing fewer valuable goods in the economy.
since the 1970s our economy has become increasingly financialized - more and more talent & resources went toward moving money around, instead of producing valuable things.
you can fix the amount of currency in the economy, but if more people spend more time pumping their bags instead of producing valuable things, their coins will still be able to buy fewer and fewer things.
creating value fixes this
our economy is hyper-financialized as is. In many ways, that's why people in their 30s can't buy a house or start a family.
if crypto wants to go mainstream it needs to offer people real value, not just another way to speculate with the little money they have
if crypto wants to go mainstream it needs to offer people real value, not just another way to speculate with the little money they have
crypto as an industry can't decide that every real-world problem can be solved by turning it into a casino game and then wonder why normies don't want to come anywhere near crypto
Base is for.. speculators?
In web2 nearly all the value created by creatives goes to platforms
In web3 we're repeatedly building mechanisms that transfer the value from creatives to speculators (& call it "revolutionary")
Why don't we start thinking about mechanisms where creatives can capture most of that value?
In web2 nearly all the value created by creatives goes to platforms
In web3 we're repeatedly building mechanisms that transfer the value from creatives to speculators (& call it "revolutionary")
Why don't we start thinking about mechanisms where creatives can capture most of that value?
simple: less speculation, more value creation
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Thank you to everyone who donated to Abundance this round!
While the money helps offset some of the cost of full-time work for the common good, your support helps push the mission of building an Impact=Profit Economy forward... so that anyone can work for the common good and prosper while doing so.
Thank you!
While the money helps offset some of the cost of full-time work for the common good, your support helps push the mission of building an Impact=Profit Economy forward... so that anyone can work for the common good and prosper while doing so.
Thank you!
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my hot take on "content coins" is that that when you hold a hammer everything looks to you like a nail.
We need real innovation that makes people's lives better, not senselessly tokenizing everything for pure speculation
We need real innovation that makes people's lives better, not senselessly tokenizing everything for pure speculation
Support real-world impact creators 💪 👇
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Just 1 day left to support your favorite public goods project (aka Abundance 😁)
Thank you to all who donated so far!
If you haven't donated yet - we're working on solving the biggest problem in public goods funding: value capture & would appreciate your help 🙏
https://explorer.gitcoin.co/#/round/42161/865/25
Thank you to all who donated so far!
If you haven't donated yet - we're working on solving the biggest problem in public goods funding: value capture & would appreciate your help 🙏
https://explorer.gitcoin.co/#/round/42161/865/25
Social network algos are a hidden coordination failure
Impact Milestones:
30,000+ casts curated from almost 3,500 creators.
Who will be super curator #69? 👀
30,000+ casts curated from almost 3,500 creators.
Who will be super curator #69? 👀
Our collective attention is being badly mismanaged
POV: you're trying to solve a massive challenger in public goods funding, who are the Regen gigabrains you bring to your team?
