Dan Romero on Warpcast

David Furlong pfp

if you have a free app in crypto and you say you have N users, then it means nothing and it looks weak. 1) only active users matter 2) there‘s an incredible amount of bots and your free users could be 99% bots. Just heard an app that „has 8 million users“. The top content on app has 12k lifetime views 🫠

13 replies

3 recasts

27 reactions

David Furlong pfp

worth noting our farcaster follower #s follow this delusion, no matter how good it feels :)

2 replies

0 recast

2 reactions

Dan Romero pfp

Genuinely curious how you would discount followers based on free sign ups on Twitter vs. paid sign ups on Farcaster?

2 replies

0 recast

1 reaction

Michael Pfister pfp

Michael Pfister

Maybe powerbadge followers Does overcorrect for lurkers but seems like it would be higher signal

1 reply

0 recast

1 reaction

David Furlong pfp

twitter has the same delusion :) effective influence signal is ~ weekly active powerbadge followers

1 reply

0 recast

0 reaction

Dan Romero pfp

Right, but so then you're back to saying the entire industry needs a new metric. Not happening.

1 reply

0 recast

0 reaction

David Furlong pfp

agreed - end users probably won't switch, but inside professional circles using metrics that are not narrowed to active nor likely human accounts feels like setting the bar pretty low as a space.

1 reply

0 recast

0 reaction

Dan Romero pfp

But metrics are inherently relative. People compare audience size across platforms. Pushing boulder up hill for a sub-scale platform to try to redefine the metric. Hell, Meta has tried to change the metric (see recent 10-Ks) and industry still uses MAU and DAU. You don't get points for purity.

1 reply

0 recast

2 reactions

Dan Romero pfp

Said another way, Farcaster data is open, so of course people will be more critical of the user base. But then impossible to compete with web2 which is not open and subject to such scrutiny. No one has time for education / nuance. So use the industry metric, understand flaws, make forward progress on product.

1 reply

0 recast

1 reaction