Farcaster

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

Please support: https://www.dropsitenews.com/

Thanks! The challenge is very few people who already have audiences on Twitter want to switch (sunk cost).

So you have to market to people not on Twitter...who would be good at Twitter. :)

F A R T H E R ✨

Farther V2 is launching August 1st! 

The primary change is tippers will be scored & rewarded based on how well they tip users who have the biggest increase in engagement over time (measured by @openrank).

All details here:

https://paragraph.xyz/@farther/farther-v2

hey @dwr.eth 

i think this design addresses the "sunk cost" issue you pointed out, at least to a certain extent

hey @dwr.eth 

i think this design addresses the "sunk cost" issue you pointed out, at least to a certain extent

https://warpcast.com/farther/0x04a9db0e

you can't say "i gave up" without saying "i gay". so never give up. /artcoin simp. dunking farcaster mfers @ /4chain

if user A, someone with considerable amount of followers on twitter, comes here

there is now a market where farcaster users can "invest" in A's growth on farcaster (measured by openrank algo) and be rewarded by how much A has grown with a certain period of time.

logically, the more influential A is on twitter, the more upside for the social arbitrage, until A's audience on both platform has reached a somewhat equilibrium. then "investors" will go out there to seek better opportunities

this arbitrage is how the "sunk cost" issue can be alleviated

If you have 100K followers on Twitter and you get to 5K followers still not enough?

that's why growth is the metric, not just the follower count.
100k on twitter is not at the same scale as 100k on farcaster

for one, they'd make the mistake of equalizing twitter and farcaster in terms of the total audience of a platform

for two, i do understand that some people care more about the vanity metric, i.e. pure follower count, regardless of where it is. but we still can start somewhere to appeal to those that understand the differences. it's the first step towards the ultimate goal, which is farcaster as a whole reaches the same level of twitter

right, but the user with 100K audience on Twitter cares about the bigger number

I've talked to 100s of people about this