Farcaster

Thought about this quite a bit. While a lot of the current users came and stayed to “make money”, which gives that value prop positive signals in the short term, most people won’t resonate with it. If “decentralized social” is too crypto-coded of a value prop (I agree it is), gambling is even worse. It makes the whole industry look more like an MLM than a technology shift.

When I try to onboard my non-crypto friends, the complaint is always that there are too many crypto people and not enough people like them. This is true, but its not because the app is built on crypto. It’s because the early userbase was crypto. It’s a temporary state rather than a permanent one.

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Thoughts on the “make money” narrative of today’s Farcaster

btw that's been the easiest narrative to sell so far imo.

extremely well said sugar bear. thanks for bumping