Dan Romero on Warpcast

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Dan Romero pfp

The fundamental issue with consumer crypto today is lack of consumers. Consumers need interesting or entertaining content to stick around. Sign ups are irrelevant if you can’t retain them. Everything else is a marginal improvement at best.

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Farcaster is probably the best consumer related crypto app I’ve ever used. What other crypto apps are this sticky with committed users? Are there any others with people spending 40+ hours a week on? I know that’s not the point you’re getting at, but I thought it was worth saying anyway. Content quality here is improving imo. Maybe not as quickly as people would like, but it’s definitely happening.

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tldr (tim reilly) pfp

tldr (tim reilly)

"Build something people want" 🌍 🔫 👨‍🚀 🔫 👨‍🚀 CC FC PG

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dusan.framedl.eth pfp

dusan.framedl.eth

the path forward is imo similar to how linux won - it needs to get out of our faces.

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links 🏴 pfp

Honestly I even think the phrasing “consumer crypto” is limiting. The tech unlocks possible value alignment, it is not an end in itself. I have been workshopping how to describe Farcaster to friends, and so far “community-owned social network” hits much harder than “sufficiently decentralized social network”.

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Venkatesh Rao ☀️ pfp

Venkatesh Rao ☀️

“Consumer” seems like a bad frame? More like prosumers? True industrial style consumers will never pay in marginal inconvenience for what-if benefits like censorship resistance, and crypto will always be more inconvenient than non-crypto equivalents. But people who produce as well as consume tolerate and even welcome inconvenience. That’s why devtools have worse UXes. They also value things like CR more because more is riding on not being censored etc. People with more to lose spend more on insurance.

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Jay Brower (jaymothy.eth) pfp

Jay Brower (jaymothy.eth)

there are a lack of consumers because there is literally nothing to consume if someone solved an actual problem a real human had maybe there would be consumers until then we push hackathon project after project, fund BD/DevRel and scratch our heads why the masses haven't onboarded to Base Paint we need a real look in the mirror

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Kieran Daniels 🎩 pfp

Kieran Daniels 🎩

The need for having an immutable identity will grow greater and greater; both from AI and increased censorship.

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arob.base.eth🍖🎩 pfp

arob.base.eth🍖🎩

What are the immediate plans improve consumer retention? Don’t you need to onboard new users who post interesting content first to keep others to stick around?

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Pichi 🟪🍖🐹🎩 🍡🌸

Would you be willing to share retention metrics? I can see the number of users who signed up in a particular month but I have no idea how many of them are still “active casters”.

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@giancarlodc.eth

Do you consider any data that shows today’s growth within Farcaster’s engagement as slow or dropping, related in any way to the fact that we are undergoing a bear market, specially with everyone in a state of worry with the world going through a strong recession? I can only imagine we would be seeing very different numbers, with the majority of people excited with crypto, in general, while going through a Bull Market, which historically, is yet to come.

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beleth pfp

Every morning before I take my daily piss, I rub my placard that says ‘Crypto’s #1 Consumer’

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ccarella pfp

I don’t think even smart people realize just how few consumers there are in crypto.

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Erik pfp

personally love the content on my feed here bc it's incredibly diverse, much more so than any other social - i come here to learn, laugh, see incredible art, talk w ppl, try things on the cutting edge onchain, and much more also enjoy the conversations i have here more than on any other social - culture of optimism and friendliness, where ppl also tend to share more from everyday life - less broadcasting, more convo on a long enough timeframe... ethos, incentives, and features (compounded by developer legos) all will play major roles too, a high percentage of the ppl sticking around today understand these 3 pieces already

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Tayyab - d/acc pfp

Also currently crypto doesn’t provide any net new interactions right now for consumers. Most people don’t care for NFTs, and use Venmo for payments. Trying to break existing networks is hard.

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•Catch0x22• pfp

•Catch0x22•

when is your sit down with rogan happening?

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William Mougayar pfp

William Mougayar

Very self-awareness statement.

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Joan Westenberg pfp

Joan Westenberg

And neither “recycled shit ass market analysis” nor “here’s what the Warpcast team are doing wrong” count as interesting content

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Q🎩 pfp

Cart before the horse. Crypto keeps making the same thing over and over. If you only look at consumers as content consumers then, yah there’s only so much to make. We’ve got to start making things with crypto instead of for crypto if you want real consumers.

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Garrett pfp

we need to serve existing consumer needs/wants rather than trying to catalyze completely new and novel behaviors yes we need more consumers but we also aren’t serving them enough good products

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