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Coop
@coopahtroopa.eth
I believe a big reason FC is not seeing more growth the last few months is due to a lack of interest and acceptance of trading and memecoins being the dominant narrative this cycle. FC's infra is best suited to be the defacto home for token projects and yet we see very very little projects doing so. I understand and appreciate the commitment to building, adoption and sustainability. I also recognize that 99% of memecoins will go to 0 by the end of this cycle. However - the current approach is making FC feel like a place that has an entirely different set of convos, most of which are not currently EV+. I say this all as someone that cares deeply about FC and it's growth but think it's important we recognize that crypto-natives on Twitter do not see value in being on here and that feels like a problem to me in the context of the next 12-24 months. It is unlikely that FC just leapfrogs crypto-native adoption and gets an influx of mainstream users without winning the wider crypto crowd over first.
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erica
@heavygweit
this comes across short sighted - farcaster is meant to be bigger than crypto memecoin traders if they pander to the casino/wild west narrative and become branded that way, it is extremely difficult to then become a serious social network that has potential to be internet scale why get distracted by a hype cycle that even you admit will end with most tokens going to 0, and then be stuck as "farmcaster" – which CT already refers to farcaster as today – and give yourself a steep af uphill battle to then shake off that perception when it no longer serves you? this is the epitome of short term gratification at the expense of long term gain
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erica
@heavygweit
this also comments on a larger problem i see in crypto - just latching on to the current meta or hype cycle. we need more teams with longterm, sustainable visions for projects that have more than 1-2 year lifetimes and don't rely on a very specific trend or focus to be successful teams that constantly get distracted by the new meta will flounder for the rest of their existence, hoping to find PMF by throwing everything but the kitchen sink on the ideas board (this is aimed at the larger ecosystem, not at any one person or team in particular)
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Coop
@coopahtroopa.eth
FC will be bigger than memecoin traders - I think it's important to meet people where they're at and if you can get them to come onto the platform, a smaller % of them will stay for the friends they made along the way. I don't think crypto-native orientation of memetic culture is a hype cycle. Most tokens this cycle will go to 0, but the culture around memes onchain will exist long after. This is the same as NFTs - most went to 0 in 2021 and now you see legitimate companies and businesses being built around them in a more sustainable fashion. The fact CT already thinks of it as Farmcaster indicates that is why most people want to currently use the platform and yet it is not prioritized or considered valuable. Stated another way - just feels like going against the grain for not a clear reason as to why or what the alternative winning playbook will be.
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