Farcaster

I am re-reading Eugen Wei's "Status as a Service (StaaS)". One of the most insightful pieces on social networks I've ever read. This paragraph currently stands out as I read through this great blog post. 

"What ties many of these explanations together is social capital theory, and how we analyze social networks should include a study of a social network's accumulation of social capital assets and the nature and structure of its status games. In other words, how do such companies capitalize, either consciously or not, on the fact that people are status-seeking monkeys, always trying to seek more of it in the most efficient way possible?"  

What makes @farcaster interesting are the multitude of social capital assets and status games to accumulate those assets.

A sufficiently decentralized social network. farcaster.xyz

I am re-reading Eugen Wei's "Status as a Service (StaaS)". One of the most insightful pieces on social networks I've ever read. This paragraph currently stands out as I read through this great blog post. 

"What ties many of these explanations together is social capital theory, and how we analyze social networks should include a study of a social network's accumulation of social capital assets and the nature and structure of its status games. In other words, how do such companies capitalize, either consciously or not, on the fact that people are status-seeking monkeys, always trying to seek more of it in the most efficient way possible?"  

What makes @farcaster interesting are the multitude of social capital assets and status games to accumulate those assets. 

https://www.eugenewei.com/blog/2019/2/19/status-as-a-service

📷 + Channel Owner /nature | Go-To-Market and Service Design Sprint Master /distribution

this is fascinating. on FC-> i think there's another capital in play : real money / economic capital. So these incentives can lead to folks being status monkeys but for the airdrops they get ; interesting design space to watch out for..

Co founder @Intract - private data stack for AI & crypto use cases. Documenting my journey to become 100x AI first founder. Growth nerd, part time guitar player

@farcaster is where social capital becomes economic capital! Great point.