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Dan Romero
@dwr.eth
In retrospect, decentralized social network has been terrible framing for Farcaster. Two recent frames that are better: 1. Farcaster is an economy — social network + crypto wallets, small but high GDP per capita, h/t @woj.eth @luc 2. Programmable social — X APIs are dead, Farcaster APIs are constantly getting better, h/t @six It's still (mostly) decentralized under the hood, but lean into the things that it's really good at relative to the competition.
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androidsixteen
@androidsixteen.eth
I think part of it is that it's very hard to pass the crypto purity tests for decentralization Some researchooor will be arguing with you in perpetuity about some edge case where you're not ackshually decentralized But money? Yeah, it's very easy to tell if you made money or not. Far easier value prop to "prove"
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Dan Romero
@dwr.eth
Yeah the irony is vast majority of those people (the purity test people) are fine using X (centralized) and Bluesky (less decentralized today; lesson in there). So revealed preference is audience > ideology. Anyways, we have to focus on finding people that are excited about cryptonative economy and programmable social experiences. Nothing else matters.
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androidsixteen
@androidsixteen.eth
It’s an interesting behavior and I attribute it to the narcissism of small differences So they end up staying at the local maxima because the available option doesn’t trigger the reaction that a viable but slightly ideologically different option might “Perfect is the enemy of good” and all that
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Dan Romero
@dwr.eth
cf. https://nakamoto.com/coinbases-pragmatic-crypto-culture/
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androidsixteen
@androidsixteen.eth
Will read
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androidsixteen
@androidsixteen.eth
Great read -- agree that the core benefit is choice / ability to opt-out Same with FC but we're early so we don't yet have a variety of products to opt-out *to* Wonder whether the margins for social are good enough to have multiple redundant "exchanges" or whether we will need more differentiation (my bet is on the latter)
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