$degen ¢ummunist on Warpcast

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basil pfp

bad take? fc was bootstrapped by base (namely cb & ex-cb folks), op ppl & a subset of early adopters, predominantly native onchain builders who were interested in the tech it experienced its first big onboarding event at the interjection of base improvements & increased adoption, the introduction of frames & the rise of $degen those who got in on degen early, made a bunch of money & stayed, but are now exhausted by bad g(dau) those who were interested in frames, were likely the same folks who were early fc adopters & thus had little impact on daus those who were interested in base, were likely interested in profits & so either: -churned when base memes starting popping up on x & engagement/liquidity flatlined on fc -got burned on a newer fc meme & churned -or, stuck around to end up in $higher & others, like $ham/gaias—tho these projects are now looking at channel & chain alternatives as well so as ai interest churns, fc increasingly needs base & higher, but they become less dependent on fc

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basil pfp

at some point fc needs to be additive to base eco & projects building on fc, but if fc can’t produce dau growth, the projects building here will go elsewhere right now fc is propped up by base, higher and degen & without the collective exposure of these projects, fc would be in a much worse spot today in other words, its more than 2 years in(?) & it’s now time for fc to acquire new users & figure out how to retrain them or they run the risk of other builders passing up on building here

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basil pfp

so if the timeline is still just og circle jerking, gpt conversations & moxie slop going into 2025, i’d be weary as none of these things will drive any real retention but don’t worry, this is just a half-baked take from a guy who shares a name with a plant

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agusti 🐘 pfp

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$degen ¢ummunist pfp

$degen ¢ummunist

@degencummunist.eth

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