Phil Liao pfp

Phil Liao

@philipliao.eth

221 Following
338 Followers
Phil Liao pfp
Phil Liao
@philipliao.eth
Gotcha - so you have to claim the degen but the USDC rewards are automatic, yeah?
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Phil Liao pfp
Phil Liao
@philipliao.eth
Can Warpcast avoid a fate of monetizing with ads?
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Phil Liao pfp
Phil Liao
@philipliao.eth
What’s the degen reward for? Or is that a degen claim
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Phil Liao pfp
Phil Liao
@philipliao.eth
Not sure if addiction is cool but just calling it as it is
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Phil Liao pfp
Phil Liao
@philipliao.eth
I’m addicted to @farville and the balloon frame rn
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Phil Liao pfp
Phil Liao
@philipliao.eth
stumbleupon referred its users to mix.com upon shutting down. Using mix (which is still live!) does recapture some of the magic of stumbleupon But oddly, I find the dopamine hit insufficient. We need immediate dopamine hits within a fraction of a second now, and stumbling upon new ideas takes too long to do that😔
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Phil Liao pfp
Phil Liao
@philipliao.eth
I wonder how stumbleupon sourced their content. Whoever did that was amazing
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Phil Liao pfp
Phil Liao
@philipliao.eth
Hahaha I get it, but maybe this is what the cryptographers felt when we ran with the term crypto
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Phil Liao pfp
Phil Liao
@philipliao.eth
ayyy @alexfertel
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Phil Liao pfp
Phil Liao
@philipliao.eth
Why did you choose to invest your time on FC instead of X? Did you already have an account on X?
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Phil Liao pfp
Phil Liao
@philipliao.eth
That said, I would be very happy to be wrong about this
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Phil Liao pfp
Phil Liao
@philipliao.eth
I’m less bullish Like many, they will likely enjoy how cozy the community is at first, but the draw of the “big city” will pull them back and they will likely fade in their posting frequency. X is where the action really is, and has much more distribution My current thinking is Farcaster is still too skeuomorphic. Instead, it must fully embrace financializing social media and kill the (advertising + social media = infinite scroll) hellscape. This means experimenting with a new business model, growing a new class of creators, and hopefully the end result will be a more deliberate, intentional social media as users will pay for content, FC will take a small platform fee, and creators get the bulk of value
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Phil Liao pfp
Phil Liao
@philipliao.eth
mostly it’s just cross border payments and people in developing nations getting access to USD Both are massive use cases though. Have heard other use cases but these two dominate
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Phil Liao pfp
Phil Liao
@philipliao.eth
I suspect a lot of value of FC will be generated by those accounts where the potential to flip their X follower count is high. This is going to be smaller accounts on X that talk about topics interesting to FC (ie SocialFi) So ideal FC influencer: - Low X follower count - Posts good content that will do well on FC Once FC flywheel starts emerging, then it might become a novel place to find users (rn, most users here FC as the "cozy X")
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Phil Liao pfp
Phil Liao
@philipliao.eth
I'm still trying to figure out the best usecase of FC tbh. I really like it, but given the existence of X, it needs to offer something different other than distribution (which it will be worse at). The frames direction is compelling but to date, all frames are still toys maybe becoming a growth vector for Ethereum is one such usecase. Like, I think we all see where FC will be in the long run and it can be huge, but the immediate next steps are unclear. We're all waiting for the Uniswap/iPhone/ChatGPT moment for socialFi
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Phil Liao pfp
Phil Liao
@philipliao.eth
the vibes are better here, but the distribution is better there - and most of the conversation is still about FC (self-referential, not unlike how Defi started)
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Super Tight Woody
@supertightwoody
!vibe
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Phil Liao pfp
Phil Liao
@philipliao.eth
where my toadz at?! scrolled through Warpcast reward leaderboard and found @matthewb @atown @lasagna
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Phil Liao pfp
Phil Liao
@philipliao.eth
Hahaha yes, in crypto it pays to be early!!
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Phil Liao pfp
Phil Liao
@philipliao.eth
Do you think it’s going to have onchain elements to it? Would be very cool Been a big fan of crypto based curation where early curators get rewarded for finding things (sound, mirror, kiwi) but haven’t seen anything that quite has cracked the code
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