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

/less in the Farcaster Trenches 👅 Big Cat is Here 🥹

I'd say there's still nothing interesting. I was one of the earliest users, yet I'm still puzzled as to why people enjoy joining Bluesky. 😂

i tried it long time ago, but from my memory it had just a simple interface of twitter and nothing really that is interesting to me. 

might give it a go again to see the changes

microsub.

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

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. 

Yeah, that's why I've been observing what's going on with other social networks. Farcaster can be compared to them, and we can learn from their best practices while avoiding their pitfalls.

i've been thinking about this...

most people leaving twitter are like sheep and they're leaving because they hate musk or something.

for everyone else still in there, the switching costs are too high.

but it's fair to ask why farcaster didn't capture more users? what's missing?

so, i believe it's a fair comparison.

DAOnarcho-cybersyndicalist ☠️Hyperpunk💸Debt(h)⚰️Trap🪦Warship🏴‍☠️ / $HEARTIST🖤 LØVING DÆTH w/@subvertworld https://alkohlmist.mmm.page

700k users but only 4K DAU, you sure bout that?

Wut % of that are bots?

Creator of /sands-of-sumaii - the Farcaster MMORPG | Game Designer

The article mentions that they began developing a subscription model for features. There are, of course, many ways to make a profit, but it has nothing to do with crypto.

What is their plan for revenue and such?

Just curious how to not financially incentivize on social (speaking for creators)

I have no opinion on valuations - I’ve never done that stuff yet

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

cc @keccers.eth just looping you into this conversation

Interesting, 
have you used BlueSky?
What do you think of it?