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dawufi
@dawufi
Farcaster as an economy is reductive and a race to the bottom for coins and content. No one wants a feed of anons casting fake wins and loss porn. FC took off because it was counter positioned to traditional crypto narratives. The quality of developer and founder here was strong, memes were niche, and people found signal in a shit filled sea of noise. I love when people make money, but the economy is a feature. Not a narrative. If economy is your entire narrative the network will eventually be replaced by nothing but speculation and you don't need a social network to do that - and it's actually detrimental. Unless you consider dark pools cozy corners. I hope we're not headed to the death knell, I'm not going anywhere, just want share a word of warning against a danger to a network that has come to mean quite a bit to me. I realized I offer no solutions here, maybe I'll offer them in another cast. Just had to vent this one out for now. Appreciation for your grace.
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Tony D’Addeo
@deodad
w/o attempting to challenge your sentiment which is a valid concern i’ve voiced as well i’ll say economy is a lot broader than money if you’re willing to entertain a generous meaning of the word it’s actually p good imo and exciting
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na
@na
usage of money-associated terms is not good for amplifying economic richness (outside of casinos) unfortunately
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dawufi
@dawufi
exactly. i'm not speaking to definitions here, only narratives and stories
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