I woke up this morning in Tokyo to 2 casts from @dwr.eth regarding future of Farcaster

As a developer building on Farcaster, I found them to be a bit contradictory, unsettling, & overly defeatist.

Farcaster has been building a solid foundation for a strong future. That future is dependent on app... longcast.jam.so/jjcJMh

I agree w most of this. the challenge is FC protocol is only as valuable as the most used client built on top of it. so while multiple clients is good in theory, it actually siphons value/money away from FC b/c they don’t make money off usage of the protocol(unlike ETH), they make money from showing ownership of data

Here lies the conundrum. The vc-backing means they need the protocol to be a profitable rent-seeker, which can sometimes be a net negative against larger altruistic goals of a protocol.