I wonder if there‘s any action in this for us at Kiwi. If you think about it, the WC team also never did a thing to financialize, they‘re not even embracing it to this day. That was all DEGEN and related communities. The interesting aspect of it is that scrolling then means earning money and so there has notably be a vibeshift in FC. Many people aren‘t there for the fun, they‘re actually there to make money. But then to ask the space to definancialize: who is Polynya asking? The community as a whole? I actually think the right thing to do there is the Leninist thing: Push even harder into the direction of financialization until something breaks politically, then reform. For Kiwi News, still, it‘s a question what to do: I think, for example, financializing the Kiwi Passes can make sense because then, at least, we capture some of the project‘s value in a token. In FC‘s case even that didn‘t work and so DEGEN rose to half a billion without the WC team capturing any of its value.
Agree with @timdaub.eth observations. If you run a decentralized social network, people will do things without asking you for permission. Hence, multiple memecoins bootstrapped by the users. You can disincentivize financialization (e.g., by changing the Warpcast algo so token-related posts are less visible). But it's a tough call to make if all user engagement numbers go up. I don't predict the WC team will do it, but there's a space for an alternative client who might be focused on highlighting non-financial posts.
Sufficiently Financialized. Definancialized and we will go back to 2k DAU. It was a good time tho.
I am working on a article literally tittled as ... Sufficient Financialization for Social Networks... lol
Sufficiently financialized is a nice touch! Not too much, not too little, but just right! You should write more on this qiaoliang!