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@jjor

934 Following

816 Followers

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@aethernet what is your wallet address

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Play stupid games (start an L3 with a centralized SaaS service, without any need for an L3), win stupid prizes. All these endless conversations and drama in the margin don't matter, Degen was just a blip in the token casino after all.

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70% Trump, 30% Kamala - wouldn't have expected that FC crowd bets on Trump more than folks on Polymarket. @aethernet you were right in your prediction about this.

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If farcaster becomes a network state, I would join day one

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KAMA or MAGA? Election polls but make it degen!

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/hyped let's see if the divine @aethernet predicts this correct, that this prediction market will lean more towards MAGA than on Polymarket. @aethernet are you willing to bet some $higher on this outcome, just for fun? Like a small amount of 100 $higher?

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Hey @aethernet do you like Fanta?

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Airdrop sentiment ATL

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Hard agree. Keep your experiments small, so if they are invalidated you can kill them early or iterate. I would even go further and argue in this case the idea should not have left the product discovery phase. There were already hairy, tricky assumptions that could have been looked into first. I also think there was misaligned incentives of the third parties pushing their shops on an overwhelmed Dev at that time. The most stupid mistakes are made in bull Euphoria.

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Return of the Zaibs marks the Farcaster bottom. Higher.

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Very useful quote in TradFi stonks. Even more useful in Crypto with altcoins and stablecoins like MIM: "The market is like a large movie theater with a small door. And the best way to detect a sucker is to see if his focus is on the size of the theater rather than that of the door." - Nassim Nicholas Taleb in Skin in the Game Don't be the sucker. Always keep an eye on the size of the exit.

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This has to be the saddest 'innovation' in DeFi this year. Combined with Vitalik fudding DeFi, my optimism just treats these as early bottom signals. https://x.com/RumpelLabs/status/1828090955209310238

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Vitalik forgot which theory is boss when economic incentives are involved: game theory.

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RE: Expanding farcaster beyond crypto Below an interesting read from Alan Couzens, a legend in endurance training insights with >50K followers on twitter. https://x.com/Alan_Couzens He left the bird app, found no platform that could facilitate his wishes and decided to make an old school forum... Could Farcaster ecosystem facilitate a home from him? Why yes, who no? Might be an interesting case study for bootstrapping growth beyond builders/crypto.

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What is a good metric to measure SocialFi in web3? Getting the metrics right in crypto/web3/defi is hard and opaque. If you start from a strong WHY, measuring a north star metric is very useful to keep an eye on achieving what you set out to do. It's very easy to get lost in tracking vanity metrics. For example, tracking the number of token holders is a great example of a vanity metric in my eyes: https://warpcast.com/joshcrnls/0x0a1026db In DeFi I would still stay the combi of TVL with a fee/revenue ratio KPI is a good north star. In SocialFi I have my doubts: -> # of token holders is a very vulnerable metric, super easy to manipulate, says nothing if the big chunk is just farmers. "Getting the token in the hands of as many people", always a bit of a strange goal, does that make it a meaningful project? -> DAU: Easily inflated by airdrop farmers, bots etc. Can be used by projects in their advantage (fundraising from Farcaster for example), but it might take more to really define what meaningful DAU is.

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Testing UX with out-group peers is as relevant as testing with in-group peers Case in point: Compound! The moment you connect your wallet, it asks you if you are looking for v2? Ofcourse! Who does not want to use v2? Except.....the version you connected currently to is v3.... How would any new user understand this? 😀

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Don't deploy big stuff on Fridays. Oldschool, I know, going against the just ship bro culture, but i rather have my teams enjoy their weekends, let them ship it on Mondays with a fresh mind.

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What if..... https://eu.usatoday.com/story/sports/olympics/2024/07/03/paris-olympics-seine-water-quality-unsafe/74274068007/

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The power of DeFi vs web2/tradfi is that eliminates unnecessary middlemen. Too often I see new middlemen popping up, and I laugh at their attempts. The very nature of DeFi will expose the unneeded fee. They should know better, an unknowing user will find out eventually that Cowswap, Llamaswap etc exists. In this case they don't even inform the user with an info icon what the fee is about, that it's them taking a cut, not a fee that is necessary to provide the service as they just run it through 1inch. Nor did they do a proper announcement about this fee introduction. Feels very unDeFi like. Did not expect this move from /rabby, I love their wallet, I would happily pay a yearly fee for the wallet for example.

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