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woj ツ
@woj.eth
degen and ham chains were mistakes and they set the whole farcaster ecosystem back im posting this after reaching out to @jacek and @deployer privately, but since they both answered that they have no plans on sunsetting the chains, i want to give a heads up to all other teams building their economies on farcaster: don't launch you own chains 1. fc ecosystem only has a chance to work if there is a lot of liquidity in one place 2. separate chains fragment the liquidity and only benefit the passive token holders (less sell pressure) and mev bot operators (arbitrage between chains and pools). actual users pay in UX, mev and fees 3. devs who want to launch integrations with these projects are fucked because most infrastructure providers don't support these small chains im building supercast wallet and it's beyond frustrating to see how close we were to having something truly great and how much harder it is to build a good UX on top of these projects because they selfishly decided to launch their own chains
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woj ツ
@woj.eth
also doesn't serve me to say this because i have money in both projects, and it probably costs me some friendship points with jacek and deployer but i feel very strongly about this and i want others to avoid following this path just build on base, it's already hard enough
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Hoot 🎩 ↝ ZuThailand
@owl
I still believe there’s a place for a “farcaster L3” that is easy and cheap to access and well integrated in ecosystem apps. Frame chain tried it, then degen, then ham, iirc there’s another chain going right now. The problem with all of them like you’re saying they don’t have the infra or enough incentive for projects to go through the hassle of building on them.
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Hoot 🎩 ↝ ZuThailand
@owl
In case of degen which we also supported for a time, we did kinda plant the seed there in a meeting with jacek and we envisioned a lot of stuff like native tipping on the chain, a big ecosystem forming around it, novel distribution mechanisms like Braves Basic attention token but for dapps and continuous development of the chain and dev community around it, seeing it as more of a playground for “social network chain” focused ideas, but none of that has happened (yet?)
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Matthew Fox 🌐
@matthewfox
That's what I thought too - still could happen.. just felt a lot more obvious at the time, ham definitely got a lot closer to the idea with its experimentation The issue with general purpose is you need to bootstrap the basics to make it even feel real So instead of building the fun stuff your trying to build fun stuff + bootstrap the basics because they don't exist And it becomes both tiring and expensive, that split focus comes at a cost too Need better co-ordination and execution for a "social" general purpose chain, but huge dabs to everyone who has been trying - I think they can still carve out their lanes
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Hoot 🎩 ↝ ZuThailand
@owl
It’s all experimenting in the end and we haven’t found our conclusion yet. The markets are also ebb and flow, sometimes you get to try stuff when things go up, sometimes you have to hunker down and focus on the “serious business” to stay afloat when things are down
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