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Leo
@leohenkels
Some ramblings: Was bopping around Italy for the last 10 days, and I only checked WC a few times. Before traveling I was checking 10 times a day or so. Is this a good or a bad thing? Should the WC feed be more addictive or is it actually a feature that the client is not so addictive? Centralized social media is incentivized to make their product extremely addictive, because at the end of the day - share price MUST go up. I know Merkle has similar incentives due to private investors, and the fact that social networks must grow to be successful - but it definitely experiences less of this pressure compared to META, SNAP, etc… Maybe slow qDAU growth is a feature not a bug. 15 years from now, I’d like to confidently encourage my children to use a client on Farcaster not Instagram, assuming it continues down the same path. Maybe sometimes, slow acceleration builds a product that is much more meaningful, lawful, and lasting than the alternative. Just zoom out. Maybe an opportunity for a new client?
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@trigs
MVE- minimum viable engagement That's the best metric for a human-centric social media experience. Our attention is not a commodity to maximize on. The value of it decreased the more of it is wasted scrolling a feed.
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@leohenkels
How does Farcaster make money then? Engagement and attention is the way to maximize returns for VCs. Pretty difficult for any start-up in general to focus on product and not growth unless they have great investors, or investors that de-prioritize growth.
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@trigs
I think it's short sited to focus on maximizing user attention/engagement as a metric for success. That's the broken web2/VC model we're moving away from! Retention is more important than engagement metrics, it's just more difficult to focus on. Farcaster will make more money if ppl keep using the app regularly to see what new things are worth doing. If ppl just churn out because the second they look away they get left behind, then it will not see long term growth.
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