JC's Photography Club

hottakes

back in november, no one on twitter knew about farcaster.
by december, ct transplants of two kinds began arriving, drawn like moths to our bright, beaming shitcoins:

>profiteers, inspired by $POINTS (then $DEGEN) and the farcaster narrative
>tourists, who follow profiteers but have no skin in the game

the ct transplant tourists were gone by May/ June.
the ct transplant profiteers who haven't left are still churning and will exit by end-of-year. their fortunes ride or die with twitter, whether they realize it or not.

markers:
>exited farcaster social tokens (all at once or progressively, disillusioned)
>out of alignment with native farcaster token economy (no tribe)
>pontificated often and loudly on why: [insert reasons here, usual blah blah]
>theatrical pivot to alternative crypto scenes (Solana, usually)

risk:
>ct profiteers are habitually toxic: their farcaster shitcoin profits were less than they wanted (of course) and that makes them bitter and unneighborly.

fascinating to watch play out, tho 🍿

This is a banger hot🔥take by @wake.eth and the thread/conversation that follows is definitely worth a read.

husband, father of two sexy girls, crypto community manager, bizniz owner and opinionated conservative. jesus guns girls america 🇺🇸

@wake.bsky.social

This is a banger hot🔥take by @wake and the thread/conversation that follows is definitely worth a read.

📷 + Channel Owner /nature + /lightchasers + /positivesum | Go-To-Market and Service Design Sprint Master /distribution
https://linktr.ee/jlcolton

they really think wake is going to reply 😆

He replied a bunch in that thread, like an AMA.