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Coop
@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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Dan Romero
@dwr.eth
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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Coop
@coopahtroopa.eth
I don't see it as starting over from zero - you're already experimenting with cross-posting from larger Twitter accounts. Why not do the same with bigger memecoin accounts? The fact that there is not a clear answer for what incentive people into memecoins have to switch over to a social network built on onchain rails is a problem IMO - that incentives and reasons why should be numerous and compelling. FC got to where it is because you and the core team took a lot of time to reach out to the core builder audience and onboard them. Now you have channels as a clear home base for token projects. I think a similar level of effort and focus around tighter parity with the wider convos on crypto twitter would go a long way. I understand why FC has historically been anti-speculation. I'm also a big believer in the non-speculative potential of crypto but still think we're another cycle away from that being a reality. There's a lot of low hanging fruit being left on the table IMO
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Dan Romero
@dwr.eth
> I don't see it as starting over from zero - you're already experimenting with cross-posting from larger Twitter accounts. Why not do the same with bigger memecoin accounts? These get very low engagement. People here don't like the cross-posting. > ...a problem IMO - that incentives and reasons why should be numerous and compelling. Just because it's onchain doesn't inherently give it an incentive? > I think a similar level of effort and focus around tighter parity with the wider convos on crypto twitter would go a long way. Why do you assume I haven't done the same level of outreach and hand holding onboarding CT accounts? > I understand why FC has historically been anti-speculation. FC has no pov? Degen, Moxie and others permissionlessly launched their projects and got distribution on Farcaster through Warpcast. *** I think it's worth starting from first principles here. Why does an account with a large audience elsewhere want to invest time in another platform if a smaller subset of people?
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