Chris Dixon
@cdixon.eth
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.
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Chris Dixon
@cdixon.eth
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.
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Chris Dixon
@cdixon.eth
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.
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Chris Dixon
@cdixon.eth
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.
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Ivy
@ivy
yes anding this with that out of all the protocols, i have the most confidence in farcaster here, but i think protocol'd social has a long way to go to prove this model ie both FC, Bluesky and others currently operate under the benevolent dictator model and the transition to community governance will be delicate
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