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Henry
@mrravi253.eth
What is Different Between @farcaster and @twitter Let’s Read It’s 📝 @vitalik.eth Twitter and Farcaster differ primarily in their structure, purpose, and the underlying technology they use: 1. Ownership and Decentralization: Twitter: A centralized social media platform owned by a corporation (now X Corp). All content and user data are controlled by the company, and decisions on moderation, algorithms, and monetization are made centrally. Farcaster: A decentralized social network built on blockchain technology. Users own their identities and content, allowing more control over data and posts. It's part of the broader Web3 movement, which aims to give users ownership and governance over online platforms.
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Henry
@mrravi253.eth
2. Censorship and Control: Twitter: Since it's centrally controlled, the company enforces moderation rules, bans users, and can censor content. Users have limited say in how the platform is run. Farcaster: Being decentralized, Farcaster offers greater resistance to censorship. The network’s moderation and content policies can be shaped more by the community rather than a single company.
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Henry
@mrravi253.eth
3. Identity and Interoperability: Twitter: Users have a single identity tied to the platform, which is not portable. If Twitter bans an account, that identity is effectively lost. Farcaster: Users own their identity on the blockchain, which means they can use it across various decentralized platforms. Even if they move away from Farcaster, they retain control of their data and identity.
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Henry
@mrravi253.eth
4. Data and Monetization: Twitter: Relies on advertising and data collection as its primary revenue model. The platform can track user activity and sell ads based on user data. Farcaster: As a decentralized network, Farcaster provides users with more control over their data. Monetization methods are still evolving in the Web3 space but could rely on more direct user models like token-based incentives or creator-driven economies.
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Henry
@mrravi253.eth
5. User Experience and Audience: Twitter: Has a large, global audience and a more polished user interface with well-established features. Farcaster: Is still in its early stages with a smaller, more niche audience focused on blockchain enthusiasts and Web3 early adopters.
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Henry
@mrravi253.eth
Thanks 🙏 must Follow my profile More More knowledgeable threads 🧵 @warpcast
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