Farcaster solves the fundamental problem with the Fediverse. It uses the blockchain for global, tamper-resistant state.

That was the issue that bedeviled Mastodon. Servers could fake everything, even user counts. They had no mechanism for decentralized consensus.

Farcaster solves the fundamental problem with the Fediverse. It uses the blockchain for global, tamper-resistant state.

That was the issue that bedeviled Mastodon. Servers could fake everything, even user counts. They had no mechanism for decentralized consensus.
https://twitter.com/balajis/status/1154461575656308737

I think, as the dust settles on SocialFi, we're left with no choice but to find an incentive system that keeps the consensus ongoing.

although one could argue that Ethereum's self-sustainability inherently makes Hubs cheaper, it's more than fair to also argue that the network has to work out for operators vs community.