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Erik
@eriks
gm rgs ☕️ can’t believe this defiant headline and article lol wrote down some thoughts: the narratives are gonna continue to look more disconnected from what’s actually happening onchain - this is already the case when we look around at many (not all) legacy crypto media brands reality is many of these brands have incentive for social to stay the way it is, where they’ve built audience and influence, and earn significantly from it, how many do we see here actively? few as we all know legacy media relies on broadcasting to earn ad rev, but fc is different - media on fc is driven by permissionless community participation and free market incentives for ALL, not just the brand just as twitter continues to be a threat to legacy media bc of how it decentralizes the news flow, fc is doing the same but on another level, and it starts w crypto bc that’s what is often discussed here continued below! https://thedefiant.io/news/nfts-and-web3/remember-farcaster-activity-on-the-socialfi-dapp-is-plummeting
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Jawa
@jawa
Is Twitter really a threat to legacy media if legacy media is fleeing Twitter?
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Erik
@eriks
i’d say it allowed for citizen journalism to thrive for first time, but i agree not sure about long term sustainability
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Jawa
@jawa
I’ve got a buddy who’s a journalist at a major magazine. Twitter used to be a critical place for him and his peers to share information in GCs on breaking news. That activity is completely dead now according to him. There’s a massive opportunity for a platform to succeed Twitter for both journalists and news consumers.
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Erik
@eriks
sounds like opportunity here to me!
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