Farcaster

1/2 My forecast for 2025 is that the integration of Farcaster’s social layer in Coinbase Wallet will be a spectacular failure.

We'll probably see a spike when it comes out of beta (after all, there’s a segment of Coinbase Wallet users who enjoy trying out new things and if they do it well people will try it out) but I predict that by the end of summer, no more than 5% of messages will come from there, and DAUs via Coinbase will be negligible.

The reasons? Current Farcaster status quo simply isn’t appealing outside an extremely narrow niche. People don’t want a social layer tied to their wallets. And 99% of people don't give a fuck about financial incentives (basing a significant part of your growth strategy on that is shooting yourself in the foot. It’s a massive trap that could be very difficult to escape from).

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Looking forward to getting some weekly rewards with these hot takes 😈

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