Thomas on Warpcast

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Tay Zonday pfp

I find it vital to distinguish blockchain technology from cryptocurrency in defining the onboarding problem and its solutions. Cryptocurrency is a referential perspective on a subset of blockchain transactions, but blockchain technology deserves more than being under-imagined as a fiat replacement. It’s a centralized-data power and authority replacement that can go in utopian and apocalyptic directions. Many human pain points can be related to fiat being an inaccurate and manipulated value ledger— but telling a consumer they’re harmed by fractional reserve banking and other fiat theatrics is like telling a fish the water is dirty. What else is the fish supposed to dream of? The fish must believe there’s a continent it can evolve for and learn to walk on. Humans living as derivatives of centralized data must believe that owning their data, from currency to social media to healthcare to the car they drive— is a continent worth evolving for and learning to walk on.

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Elie pfp

I don’t get the own your data argument. I don’t feel like I own my data on Farcaster. The world owns it. It’s like Twitter on steroids.

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@aviationdoctor.eth

The idea is to own your social graph, not your actual casts, to guarantee portability. However that also assumes that there is an ecosystem of clients of equivalent maturity to switch between, which there isn’t right now. Also, some parts of the social graph aren’t yet decentralized either (e.g., mutes). So I agree, for now, the “data ownership” argument is a bit theoretical. As far as casts go, I guess they don’t belong to you any more than they would in a Web2 context. Instead, though, they belong to everyone at once (at least everyone who runs or has access to a hub), which is the perfect opposite of Web2. Whether that’s better or worse depends on one’s perspective I guess!

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