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Dan Romero
@dwr.eth
In retrospect, decentralized social network has been terrible framing for Farcaster. Two recent frames that are better: 1. Farcaster is an economy — social network + crypto wallets, small but high GDP per capita, h/t @woj.eth @luc 2. Programmable social — X APIs are dead, Farcaster APIs are constantly getting better, h/t @six It's still (mostly) decentralized under the hood, but lean into the things that it's really good at relative to the competition.
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Dan Romero
@dwr.eth
Also credit to @betashop.eth @phil for being early to onchain transactions as the "thing" that makes it different. Still not convinced that transactions themselves are as interesting social. But they create the meta for the social network.
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
Economy is the output transactions are the inputs
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misha 🪨
@mishaderidder.eth
I think it is all a really interesting experiment. But what if in the end it’s only meta but no meaning? That content is mere social abstraction and all that is left of your feed is a DEX screener? Like on @anoncast $ANON feed there’s hardly meaningful content. But maybe it‘s just about the memes and the vibes and that’s enough? I don’t know.
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shoni.eth
@alexpaden
social economy.... metaverse.... my opinion is this stuff: reputation is loose, identification is being explored, history is told on the fly with llms, appearance is status based, groups are the cabals, networks are larger, no badges, no social contracts
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AJ
@awedjob
Txns are like the air that carries the sound waves of conversation. They are the medium through which good times travel.
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kaitoren.eth
@kaitoren.eth
The data around the transactions is incredibly rich. New Metrics = New Networks Feeds = Followers Onchain TXs = Users, Supporters, Customers, Members, Aligned Interests, Coworkers, Collaborators, etc
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Rocky 🇦🇷🔵🎩🌐
@argentina
Transactions generate more volume among users, and that movement generates more curiosity and attracts new users. With something new there will always be some uncertainty, but over time, if the product is good, it will consolidate. Step by step
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