Warpcast

Not financial advice

It's worth pointing out that trending onchain notifications do surface things early—in some cases.

This morning we sent a notification around 8:15am PT about a new coin $GHIBLIFY created by @nounishprof.

We had a bunch of people complain that this notification was bad and/or meant the coin had peaked.

However, hours later, a prominent celebrity on Twitter bought the asset via Bankr. And the price increased.

What does this mean?

- First: not every notification will keep increasing in price afterwards. Many will gown down in price!

- It does mean that our algo is surfacing onchain activity that many other people on Farcaster are doing.

- Additionally, we now surface additional information about coins like the creator, the date created and the cast that created it (when available)

- We're going to continue iterating on these notifications—thresholds to send, what information to provide—because many people find them useful.

- If they bother you, you're free to turn them off

Personal take:
Warpcast seems to be moving further away from mass adoption with each passing day. 

Maybe they will succeed in attracting a slice of CT (a target already motivated by economic incentives) but at the same time this is a GtM strategy that will likely exclude 99% of people. 

Hard to believe the whole Merkle team sees people this narrowly, so I think there are big chances that this strategy is intentional, at least for the short to mid term. They are sacrificing “normie” adoption to ensure growth numbera with “degens”.

@vocdoni, prev. Bitcoin Magazine | Purple #203 | Cohost: /diy /anthropology /vote /biohacking /cooperatives

We're trying to grow with cryptonatives and normies that are crypto curious.

Ultimately, we need to lean into what is differentiating (crypto). There's nothing inherently compelling about a decentralized social network for most people (beyond a small hardcore group of people).

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

I get the decision of focusing on cryptonatives and the crypto-curious, but I’m not really buying it. Doesn’t feel like a winning GTM to put all the eggs on that basket (unless your strategy is to just get this type of user)

Imo, that the protocol is decentralized or not isn’t that relevant.

My mom has no clue the internet or email are quite decentralized, and she still uses them every day. She doesn’t have to care about that. She uses them because the interfaces built on top are useful and make her life easier. That’s what matters.

That’s not exclusionary, just a different way of framing it. The services built on top of decentralized protocols are useful to her because they hit network effect. Also true that network effect accelerated thanks to its decentralized nature.

But still, she doesn’t care about decentralization. She uses it because it helps her connect with others. No tokens. No incentives. Just socializing, without financializing her free time.

Honest question: Is Warpcast actually aiming for mass adoption in the long run? or in other words, is the current GtM just a temporary strategy or is the big goal?

> My mom has no clue the internet or email are quite decentralized, and she still uses them every day. She doesn’t have to care about that. She uses them because the interfaces built on top are useful and make her life easier. That’s what matters.

She uses email because it's a network effect and everyone uses it. Not because of the UI.

We have to get to a sufficient network effect.

Social networks are useful because of the people using them. Today, for better or worse, Farcaster is useful because cryptonatives use it