social

Recently, Bluesky gained over a million new users, bringing the total to over 12M, with DAU hitting an ATH of over 1.5M. This growth likely followed the surge after 𝕏 was banned in Brazil and two key changes on Twitter: allowing blocked users to view posts from public accounts and permitting third-party AI developers to use private user data.

If users are unhappy with these changes, they would typically seek alternatives at the client level. However, since Twitter isn't an open, decentralized protocol, there are no alt-clients, prompting users to turn to perceived decentralized platforms. This shows that the narrative of decentralized platforms providing more control and autonomy still resonates, attracting those seeking greater freedom of speech and privacy protection.

When might those leaving Twitter consider joining Farcaster?

https://www.theverge.com/2024/10/18/24273435/bluesky-user-spike-x-tos-ai-changes-blocking

Bluesky just raised $15M in its Series A, totaling $23M with the seed round, and has 13M users. and it still vows to steer clear of crypto to avoid "hyperfinancializing" the platform.

Farcaster has raised $180M with 700K users now. 

Is this comparison fair? we are still early?

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

Avoiding crypto and ‘hyperfinancializing’ is the best thing they did. It’s what allowed them to get 13m users. 

I’ve been saying this for a while. All this shit is a net negative on the space. And we’re nowhere close to go mainstream with this garbage. 

of course using crypto (introducing tokens) to attract users is not a wise move, what’s more important is the product-market fit itself.