Farcaster

Investing at cherry.xyz | writing at luc.cx

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.

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Also credit to @betashop.eth @phil for being early to onchain transactions as the "thing" that makes it different.

Still not convinced that transactions themselves are as interesting social. But they create the meta for the social network.

Economy is the output

transactions are the inputs