people will come after farcaster for being overvalued, when it's already making money as the de facto app store of web3, while a completely money-losing and unfinancializable product like reddit trades at a $9B valuation

most interesting part of the recent valuation criticism is that approximately zero critics made any mention of (imo) the main value prop of decentralized social like FC or Lens: owning your profile/content, not being data farmed for profit. makes me wonder if the messaging is making it through the echo chamber.