Farcaster and other blockchain based social networks solve the problems inherent to existing, corporate social media platforms- 
Difficultly balancing free speech and censorship, prioritizing corporate interests over those of their users, and not allowing the creators who are generating all the value for these platforms to own their audience or their content.

When users own their identity and social graph, social network lock in goes away, so apps (like warpcast) have to work harder to retain users.

Decentralized social networks like Farcaster are addressing crucial issues in today's digital landscape by empowering users to own their data and identity. This shift towards user-centric platforms challenges traditional social media models, offering a more transparent and equitable environment for content creators and audiences alike. 