Today’s announcement that Farcaster is now a fully permissionless protocol is a step towards a future of decentralized social networks that I believe will be better for users and other network participants. Here’s why.

Crypto/web3. Author of Read Write Own

readwriteown.com

The rise of modern social networking turbocharged the internet by lowering the barriers for users to become publishers & build an audience. But in today’s dominant social networking model, control & economic rewards flow mostly to the companies at the network center, not users, creators, & developers at the edges.

This can generate a virtuous cycle: creators and developers know they’ll be rewarded and the rules won’t change on them, so they invest in building tools and creating content that improves the experience and attracts more participants.

The time is right for decentralized social networks. Thanks to innovations like roll ups, blockchains are now able to power permissionless social networks with features and experiences that rival modern incumbent social networks.

For more on this, @dwr.eth  outlined his principles for growing a protocol at Crypto Startup School this year (and a reminder that applications are now open for our next CSS in London – apply by Oct 20th)

For more on this, @dwr.eth  outlined his principles for growing a protocol at Crypto Startup School this year (and a reminder that applications are now open for our next CSS in London – apply by Oct 20th)  
https://youtu.be/1B0-M_UokzM?si=JzouWGuPimp55LKP

None of the above should be taken as investment advice or an advertisement for investment services; please see https://a16z.com/disclosures/ for more information.

Blockchains invert this power dynamic. Without a company at the center calling the shots, the control and economic rewards flow primarily to users, creators, and developers at the edges, similar to how they do in the internet’s original protocol networks, email and the web.