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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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Jonny Mack
@nonlinear.eth
same situation w/ embedded wallets. lots of incentives to launch your own chain. 0 incentives not to. tragedy of the commons
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Arti Villa
@artivilla.eth
didn’t catch the analogy. isn’t embedded wallet just a wallet to abstract seed keys? what am i missing?
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Jacek.degen.eth 🎩
@jacek
Running a chain is actually pretty expensive. So in terms of short-term incentives, it’s not really there, but long-term, if your chain gains real traction, then maybe it starts making sense.
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Sinaver
@sinaver.eth
100% on embedded wallets, still good as social signer for smart wallet though :)
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