Coop on Warpcast

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@coopahtroopa.eth

I believe a big reason FC is not seeing more growth the last few months is due to a lack of interest and acceptance of trading and memecoins being the dominant narrative this cycle. FC's infra is best suited to be the defacto home for token projects and yet we see very very little projects doing so. I understand and appreciate the commitment to building, adoption and sustainability. I also recognize that 99% of memecoins will go to 0 by the end of this cycle. However - the current approach is making FC feel like a place that has an entirely different set of convos, most of which are not currently EV+. I say this all as someone that cares deeply about FC and it's growth but think it's important we recognize that crypto-natives on Twitter do not see value in being on here and that feels like a problem to me in the context of the next 12-24 months. It is unlikely that FC just leapfrogs crypto-native adoption and gets an influx of mainstream users without winning the wider crypto crowd over first.

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ted (not lasso)

dude what x2 imagine someone fading Coop Recs because you don’t worry about what crypto twitter says about you imagine someone doubting that you’re able to grow Coop Recs because you don’t lean into memecoins when onboarding users at midnight diner ps most users who come for memecoins leave (they already did)

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matthewb.eth pfp

it’s not so much that trading and memecoins aren’t being actively discussed or experimented with on FC. they are, just to a much lesser extent than on CT. I believe this reflects the community’s interests at present. rather, the issue that might impact the growth of the network with crypto natives is that memecoins and trading are actively looked down on by many folks here. it’s seen as a less meaningful and lower class of activity as opposed to being a “founder”, developer, or whatever else. in some ways, this is healthy. we shouldn’t be driven purely by speculation and greed. but it’s also at odds with the current direction of the market, and certainly at odds with the culture of CT (for better or worse). that said, this judgemental attitude is really all about power. who can afford to ignore speculation? the answer is pretty obvious. lots of folks on FC are loaded. they’ve already exited companies, worked in big tech, etc. but let’s not pretend this makes someone more noble.

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Matthew pfp

Strongly disagree with the implication that FC should seek approval from the crypto twitter crowd. Who cares what they think? Being the "home of memecoins" is at best hollow growth and at worst a complete turn-off to anyone outside of the tiny existing niche.

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Dan Romero pfp

Let's assume this is true. What incentive do people into memecoins have to switch to Farcaster? Twitter works well enough for them content wise, and the big accounts have large audiences that took a long time to build. Why start over from zero?

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nyc-crypto-cabal-kid

Farcaster is a social network protocol. Anyone is free to build apps, frames, actions, etc. to lean into memecoin trading (some are). If you believe that memecoins are so important then go start a channel focused on them and build a community (or join one of the many existing ones).

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six pfp

I don't think trading memecoins is stigmatized on Farcaster. degen, moxie, ham, higher, etc. there are lots of farcaster tokens and ecosystems that occupy a large share of the conversation on Farcaster. It's moreso IMO that memecoins occupy less share of the conversation *compared to CT* where ~100% of conversation is about memecoins, because people talk about other stuff here too. Which is good for the network

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ted (not lasso)

dude what even if infra is best suited for token projects, twitter and telegram still have many orders of magnitude distribution more and that’s what matters most when it comes to memecoins also let’s be honest: Solana is driving majority of memecoin narrative and Solana community / users aren’t a big % of FC

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erica pfp

this comes across short sighted - farcaster is meant to be bigger than crypto memecoin traders if they pander to the casino/wild west narrative and become branded that way, it is extremely difficult to then become a serious social network that has potential to be internet scale why get distracted by a hype cycle that even you admit will end with most tokens going to 0, and then be stuck as "farmcaster" – which CT already refers to farcaster as today – and give yourself a steep af uphill battle to then shake off that perception when it no longer serves you? this is the epitome of short term gratification at the expense of long term gain

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GIGAMΞSH pfp

I think the primary reason communities aren’t choosing FC is simply because they have less reach here. Probably need to capture the discord/telegram/reddit communities that aren’t fixated on max growth before we see another wave of CT migration. Hoping the new channels direction will help as UX improves.

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vrypan |--o--| pfp

Assuming you are right. And that @matthewb is also right and the root cause is that most people here don't put memecoins above building software or companies. I would also argue that Farcaster already offers more crypto-friendly legos than other platforms. What's the action point? I should stop casting about the things I like, and start casting about memecoins? (This comes from someone who considers memecoins a healthy and natural part of the adoption and experimentation curve.)

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ted (not lasso)

okay you made a good point

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J Finn 🎩 pfp

Jacek and /degen channel seems to be on the same wavelength https://warpcast.com/jacek/0xd5eef124

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dude pfp

agreed. markets follow trends. and what always appears to be trending in crypto & blockchain...trading & memecoins. i was pushing this awhile back when ppl were asking why warpcast was slowly losing users. you can say what you want but the vast majority of ppl who come here for the first time DO NOT care about toe spacers or channel updates. warpcast had a large burst of growth because of DEGEN tips, which are * drum roll * trading & memecoins. warpcast can keep ignoring this, but investors want to see growth and right now there ain't any of that.

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Nounish Prof ⌐◧-◧🎩

However, the most interesting and creative experiments with meme coins are right here (degen, moxie, enjoy, etc). How many pumpfun shitcoins have lasted more than 5 days? I’m completely fine if they aren’t trying to make us all their exit liquidity.

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Jina pfp

FC is too inconvenient for new users If you leave a comment to an unfollowed user, it becomes a spammer Policies that are unfavorable to new users, such as power badge and open ranking, have been continuously implemented Of course, FC was created with the goal of four years from now There's no reason for a new user right now

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Angelus pfp

Lol the comments made me laugh "wHo cArEs wHaT tHeY tHiNk" farcaster is a group chat compared to Twitter, want to know what is wrong with this place? study this: This place leans democrat The average user is 30+ Also this place is full of builders that do not know their product needs somebody to consume it.

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Juli 🎩↑ pfp

5000 $degen Lots of crypto token communities could need help with conversations, reaching more crypto natives. Farcaster could be the place but I don’t see interest from the team in onboarding. It‘s in fact the same strategy most of the l1s did for 10 years: build something to enable others and let them come. INSTEAD OF SHOUTING AT THEM TO COME AND TARVETING THE EXISTING COMMUNITIES. it‘s a bit of a shame.

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nuconomy.⌐◨-◨

It’s so noisy on CT because people are trying to pump their bags to the masses. The masses aren’t here so people don’t try pump bags outside of the FC token economy in their respective channels. It is interesting that it’s an almost parallel world here. But it’s also part of what makes it special right now.

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