Farcaster

social media - broadcasting
social network - connecting
social economy - the above + ownership of identity + transacting + free market

the word “social” will likely fall off over time as it becomes the expectation

fc is the best example of a social economy we’ve seen to date, early days 🌱

investor, photographer, nomad, exploring onchain & exploring the 🌎 /positivesum

and could make the case that

1. “reputation” matters more here as it’s more directly tied to economic opportunity than on other social
2. being early here has even more asymmetric upside potential than on other social
3. participation rates will continue to be much higher here as a percent of users bc there is clear incentive to do so, just as there is high participation in an irl economy

Developer/Builder.
Snob.
Fren.
Hodler.
Based mmfer.

We do some music enjoying. We shoot some hoops. We degen with the homies.

Great analysis. Reputation + identity + economic opportunity are critical to expanding the pie

50 $degen