Dan Romero
@dwr.eth
1/ How will Farcaster succeed if apps have to compete with Warpcast? If there are enough daily active users of the protocol and the underlying data and APIs are actually permissionless, people will build new and interesting apps. This has been the plan since the beginning (channels being a new thing along the way).
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Dan Romero
@dwr.eth
2/ We call it product-led protocol development. If you’re not willing to the hardest thing (retained user acquisition) yourself, why would anyone else do it on your behalf? The hard part about social networks isn’t the technology, it’s getting people to use it (and keep using it).
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Dan Romero
@dwr.eth
3/ Farcaster today offers a permissionless graph with active users (with a connected wallet). This is great for bootstrapping new networks. An example of this is @drakula. Using Farcaster just for the social graph to make onboarding better to your app and not adding anything back to the protocol is good, actually.
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Dan Romero
@dwr.eth
4/ If your goal is to build an alternative to Warpcast, i.e. a Twitter-like client, you’re going to have a harder time convincing users to switch vs. building an orthogonal app that does something much different (but is still social). A robust Twitter-like client ecosystem needs 10M+ protocol users. Maybe more.
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Andrei
@0xandrei
Warpcast is like the Twitter of socialfi. If we want to compete with traditional social we must be innovative in the types of products we build, and not try and compete with them, it will not work.
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