'the moment you think you're screwed, you might actually have the crown jewels'

picked some ideas I enjoyed from @fredwilson.eth interview at Farcon

1/ social is infra

twitter/tumblr/zynga in 2007 was the first time we made the experiment. It worked, but all came crashing down when platforms pulled back their APIs 

2025 = we run it again with Farcaster, but this time it's unruggable

2/ platforms rug when incentives diverge, not because they’re evil.  Facebook and Twitter nuked their dev ecosystems because economic pressures mis-aligned them with partners