Farcaster

customer support @supercast

trying to sound smart /doingnumbers

Investing at cherry.xyz | writing at luc.cx

In retrospect, decentralized social network has been terrible framing for Farcaster.

Two recent frames that are better:

1. Farcaster is an economy — social network + crypto wallets, small but high GDP per capita, h/t @woj.eth @luc 

2. Programmable social — X APIs are dead, Farcaster APIs are constantly getting better, h/t @six 

It's still (mostly) decentralized under the hood, but lean into the things that it's really good at relative to the competition.

The best move for farcaster: let the devs cook 👨‍🍳

#1 feels weak because all social networks are economies where I can transact. Maybe (being generous) the transactions on traditional social aren't as seamless as crypto native transactions but it's not a big enough differentiation that brings people in.

#2 feels strong because it's creating unique products and experiences that are literally *banned* from other platforms. That's a huge differentiation that brings people in looking for something new. Also, I think crypto wallets + small but high GDP is driven by the fact that programmable social attracts devs so #1 is actually being driven by #2.

Tl;dr:

#1 feels weak because all social networks are economies where I can transact. Maybe (being generous) the transactions on traditional social aren't as seamless as crypto native transactions but it's not a big enough differentiation that brings people in.

#2 feels strong because it's creating unique products and experiences that are literally *banned* from other platforms. That's a huge differentiation that brings people in looking for something new. Also, I think crypto wallets + small but high GDP is driven by the fact that programmable social attracts devs so #1 is actually being driven by #2.

Tl;dr:

https://warpcast.com/kyletut/0x9c0cb8c2