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Nat Eliason
@nateliason
I’m doing more normie interviews (e.g. ABC, Bloomberg, etc.) now and I’m trying to get non-crypto people excited about crypto apps they might be using in the next 2-5 years. Obvious ones I use are stablecoins, NFTs for tickets, opening up gaming economies. But what are some others I should be highlighting?
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adrienne
@adrienne
Stating the obvious here lol but social media! Farcaster and other blockchain based social networks solve the problems inherent to existing, corporate social media platforms- Difficultly balancing free speech and censorship, prioritizing corporate interests over those of their users, and not allowing the creators who are generating all the value for these platforms to own their audience or their content. When users own their identity and social graph, social network lock in goes away, so apps (like warpcast) have to work harder to retain users.
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Nat Eliason
@nateliason
To play devils advocate, I don’t think non-crypto-folks care about this that much. Compare it to buying concert tickets. Saving the ~30% fee tax is motivating to anyone, they don’t need to buy into any decentralization philosophy.
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adrienne
@adrienne
Forget the decentralization and blockchain. Talk to a creator with an audience on TikTok (for example), and ask them what they will do if the algorithm changes and they suddenly lose their engagement, traffic and eyeballs on their content. Ask them if they would be happy if when they left TikTok and when they opened an account on let’s say instagram, they didn’t have to rebuild their following bc their social graph is portable from app to app. Ask them how they feel about the take rates on current platforms and if they would rather a world where the apps are forced to share more revenue with creators, bc when switching costs go down, apps must compete for users. To be fair, this doesn’t exist at all today. It’s an ideal distant vision but one that farcaster can help create. And it’s why I show up here everyday to do my part to will it into existence ✊💜 And lastly, I’m a huge fan of devils and their advocates so thank you for pushing back on my Farcaster maxi bias 🙏 🙏
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Erik
@eriks
second adrienne here and i see ur point too nat personally i think ultimately user incentives will win out on social - the attention economy is vast ppl don't care yet, until they realize that finding 1k ppl they vibe with here leads to more financial and social incentive than 100k followers on insta /rounds leading the way here after incentives, when ownership becomes the norm, obv owning social identity makes a ton of sense
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Patrick Workman
@patrickworkman
How do onchain tickets save consumers the ‘~30% fee tax’? The fees added to ticket sales account for the provider (who pays venues a guarantee for exclusive rights to ticket their events), the venue (who charges a fee to help cover COGS), taxes (state, local, and those to offset expenses to pay for new stadiums, roads, etc), and anything the band/team/promoter chooses to charge buyers. Where do you envision blockchains reducing or removing these fees from ticket sales?
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