let's talk about some of the weaknesses of farcaster:
1. there are huge power laws to follower distribution based on if you were here early
2. a lot of followers seem not to be real or are totally inactive
3. a lot of content and conversation is crypto heavy
4. there's much financialization of interactions
what else?

The only problem is externality pricing.

Building https://negationgame.com

You nailed some essential points.

But there are others too:

1 Pay model that might be a huge liability later on

2 Warpacast preferential treatment 

3 Farcaster and Warpacast being run by same team 

5 Obscurity around feed algorithms 

6 Warpacast pushing users towards mobile 

7 Too many distracting features that aren't core to social media

8 Lack of genuine content diversity 

9 Huge crypto optimism and shilling 

10 Some users being boosted too much in feeds and suggestions, feels like there's a list of boosted people

11 Lack of real Open-source quality contributions

12 Even though there are huge numbers of devs on farcaster very few seem to show interest in getting involved in network dev

13 Updates very centralized instead of being an open changelog document like most open platforms, updates are announced and hyped almost every week from personal accounts

14 Too much focus on Warpacast to little on Farcaster.

There's definitely much more points for those who dig deep enough.