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Coop
@coopahtroopa.eth
I believe a big reason FC is not seeing more growth the last few months is due to a lack of interest and acceptance of trading and memecoins being the dominant narrative this cycle. FC's infra is best suited to be the defacto home for token projects and yet we see very very little projects doing so. I understand and appreciate the commitment to building, adoption and sustainability. I also recognize that 99% of memecoins will go to 0 by the end of this cycle. However - the current approach is making FC feel like a place that has an entirely different set of convos, most of which are not currently EV+. I say this all as someone that cares deeply about FC and it's growth but think it's important we recognize that crypto-natives on Twitter do not see value in being on here and that feels like a problem to me in the context of the next 12-24 months. It is unlikely that FC just leapfrogs crypto-native adoption and gets an influx of mainstream users without winning the wider crypto crowd over first.
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Dan Romero
@dwr.eth
Let's assume this is true. What incentive do people into memecoins have to switch to Farcaster? Twitter works well enough for them content wise, and the big accounts have large audiences that took a long time to build. Why start over from zero?
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Coop
@coopahtroopa.eth
I don't see it as starting over from zero - you're already experimenting with cross-posting from larger Twitter accounts. Why not do the same with bigger memecoin accounts? The fact that there is not a clear answer for what incentive people into memecoins have to switch over to a social network built on onchain rails is a problem IMO - that incentives and reasons why should be numerous and compelling. FC got to where it is because you and the core team took a lot of time to reach out to the core builder audience and onboard them. Now you have channels as a clear home base for token projects. I think a similar level of effort and focus around tighter parity with the wider convos on crypto twitter would go a long way. I understand why FC has historically been anti-speculation. I'm also a big believer in the non-speculative potential of crypto but still think we're another cycle away from that being a reality. There's a lot of low hanging fruit being left on the table IMO
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DavidBeiner
@db3045
@dwr.eth farcaster has the foundation to become the best place to launch a memecoin. Being onchain gives it unique advantages over twitter. - automatically have wallet addresses of channel followers/members. - create frames that uniquely harness community and spread token virality. - align incentives in a member channel based on onchain metrics related to a token. twitter isn't built for this. fc is and could win this battle. it's why when we launched @louder we built up our community on warpcast first. this allowed for a fair airdrop to channel members as well as sending LOUDER to other users based on their activity in other channels. for example, LOUDER was sent to the top 100 active posters in other music groups like @sonatatips and the music channel. there's an opportunity to attract the fastest growing segment of crypto to this app and culture/meme/scene coins could flourish here. yes 99% will go to zero. the 1% will be extremely powerful.
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