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dawufi
@dawufi
Farcaster as an economy is reductive and a race to the bottom for coins and content. No one wants a feed of anons casting fake wins and loss porn. FC took off because it was counter positioned to traditional crypto narratives. The quality of developer and founder here was strong, memes were niche, and people found signal in a shit filled sea of noise. I love when people make money, but the economy is a feature. Not a narrative. If economy is your entire narrative the network will eventually be replaced by nothing but speculation and you don't need a social network to do that - and it's actually detrimental. Unless you consider dark pools cozy corners. I hope we're not headed to the death knell, I'm not going anywhere, just want share a word of warning against a danger to a network that has come to mean quite a bit to me. I realized I offer no solutions here, maybe I'll offer them in another cast. Just had to vent this one out for now. Appreciation for your grace.
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Dan Romero
@dwr.eth
I think both can co-exist. We need to win crypto and grow the broader universe of content.
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Dan Romero
@dwr.eth
Also a bit ironic that you’re a shining example of how the social network can lead to economic opportunity (full-time jobs working at interesting startups). Economy is much broader than trading (which is also good!).
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